Deerfield Management Company L.P. Series C purchased a new stake in shares of Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,623 shares of the company’s stock, valued at approximately $265,000.
Other hedge funds have also modified their holdings of the company. TD Asset Management Inc grew its stake in Amphastar Pharmaceuticals by 67.4% in the second quarter. TD Asset Management Inc now owns 1,691,569 shares of the company’s stock valued at $67,663,000 after purchasing an additional 680,976 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Amphastar Pharmaceuticals by 348.7% during the 4th quarter. Epoch Investment Partners Inc. now owns 592,530 shares of the company’s stock valued at $36,648,000 after buying an additional 460,473 shares during the last quarter. Boone Capital Management LLC bought a new stake in shares of Amphastar Pharmaceuticals in the 4th quarter valued at approximately $24,740,000. Marshall Wace LLP acquired a new position in shares of Amphastar Pharmaceuticals during the 2nd quarter worth $9,085,000. Finally, American Century Companies Inc. raised its holdings in shares of Amphastar Pharmaceuticals by 19.7% during the 2nd quarter. American Century Companies Inc. now owns 740,408 shares of the company’s stock valued at $29,616,000 after purchasing an additional 121,764 shares in the last quarter. 65.09% of the stock is owned by institutional investors and hedge funds.
Amphastar Pharmaceuticals Stock Performance
NASDAQ:AMPH opened at $48.02 on Friday. The firm has a market capitalization of $2.35 billion, a PE ratio of 16.62, a PEG ratio of 0.92 and a beta of 0.82. The company has a current ratio of 3.52, a quick ratio of 2.63 and a debt-to-equity ratio of 0.82. Amphastar Pharmaceuticals, Inc. has a 1 year low of $36.56 and a 1 year high of $65.92. The firm’s fifty day simple moving average is $45.39 and its 200 day simple moving average is $42.73.
Insider Transactions at Amphastar Pharmaceuticals
In other news, CFO William J. Peters sold 10,282 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $44.23, for a total value of $454,772.86. Following the sale, the chief financial officer now owns 94,103 shares in the company, valued at $4,162,175.69. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO William J. Peters sold 10,282 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $44.23, for a total value of $454,772.86. Following the completion of the sale, the chief financial officer now owns 94,103 shares in the company, valued at $4,162,175.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Floyd F. Petersen sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $46.47, for a total value of $139,410.00. Following the transaction, the director now owns 75,409 shares in the company, valued at $3,504,256.23. The disclosure for this sale can be found here. Insiders sold a total of 34,383 shares of company stock worth $1,524,123 over the last three months. 27.10% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on AMPH. StockNews.com upgraded shares of Amphastar Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, September 20th. Piper Sandler reduced their price target on Amphastar Pharmaceuticals from $71.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Amphastar Pharmaceuticals in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.00.
Get Our Latest Research Report on Amphastar Pharmaceuticals
Amphastar Pharmaceuticals Company Profile
Amphastar Pharmaceuticals, Inc, a bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France. It offers BAQSIMI, a nasal spray for the treatment of severe hypoglycemia; Primatene Mist, an over-the-counter epinephrine inhalation product for the temporary relief of mild symptoms of intermittent asthma; Enoxaparin, to prevent and treat deep vein thrombosis; REXTOVY and Naloxone for opioid overdose; Glucagon for injection emergency kit; and Cortrosyn, for use as a diagnostic agent in the screening of patients with adrenocortical insufficiency.
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