SG Americas Securities LLC lessened its stake in Summit Therapeutics Inc. (NASDAQ:SMMT – Free Report) by 59.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,169 shares of the company’s stock after selling 19,587 shares during the period. SG Americas Securities LLC’s holdings in Summit Therapeutics were worth $235,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Wealth Management Partners LLC grew its holdings in shares of Summit Therapeutics by 10.2% during the fourth quarter. Wealth Management Partners LLC now owns 97,383 shares of the company’s stock valued at $1,738,000 after buying an additional 9,000 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Summit Therapeutics in the fourth quarter valued at approximately $29,000. Avanza Fonder AB bought a new position in shares of Summit Therapeutics in the fourth quarter worth approximately $115,000. Assenagon Asset Management S.A. bought a new stake in Summit Therapeutics in the 4th quarter worth approximately $229,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in Summit Therapeutics during the 4th quarter valued at about $444,000. Institutional investors own 4.61% of the company’s stock.
Summit Therapeutics Trading Down 0.5 %
Shares of SMMT opened at $20.67 on Friday. Summit Therapeutics Inc. has a 12 month low of $2.10 and a 12 month high of $33.89. The firm has a market cap of $15.24 billion, a PE ratio of -73.82 and a beta of -0.88. The stock has a fifty day moving average price of $19.23 and a 200-day moving average price of $18.13.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on SMMT
Summit Therapeutics Company Profile
Summit Therapeutics Inc, a biopharmaceutical company, focuses on discovery, development, and commercialization of patient, physician, caregiver, and societal friendly medicinal therapies in the United States, and the United Kingdom. The company’s lead development candidate is Ivonescimab, a bispecific antibody for immunotherapy through blockade of PD-1 with the anti-angiogenesis; and anti-infectives portfolio includes SMT-738, a novel class of precision antibiotics for the treatment of multidrug resistant infections, which primarily includes carbapenem-resistant Enterobacteriaceae infections.
Read More
- Five stocks we like better than Summit Therapeutics
- CD Calculator: Certificate of Deposit Calculator
- Price Plunge in Roblox Presents Opportunity for Robust Gains
- Are Penny Stocks a Good Fit for Your Portfolio?
- Billions in Buybacks: 4 Stocks Rewarding Shareholders Now
- What Are Growth Stocks and Investing in Them
- 3 Steel Stocks to Gain Strength as Tariffs Reshape the Market
Want to see what other hedge funds are holding SMMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Summit Therapeutics Inc. (NASDAQ:SMMT – Free Report).
Receive News & Ratings for Summit Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.