Assenagon Asset Management S.A. lifted its holdings in Cerus Co. (NASDAQ:CERS – Free Report) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,257,571 shares of the biotechnology company’s stock after buying an additional 71,007 shares during the period. Assenagon Asset Management S.A. owned about 0.68% of Cerus worth $2,188,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in CERS. Hood River Capital Management LLC increased its holdings in shares of Cerus by 390.4% in the 2nd quarter. Hood River Capital Management LLC now owns 1,469,754 shares of the biotechnology company’s stock worth $2,587,000 after buying an additional 1,170,060 shares during the last quarter. Sei Investments Co. grew its holdings in Cerus by 658.9% during the 2nd quarter. Sei Investments Co. now owns 263,839 shares of the biotechnology company’s stock valued at $464,000 after purchasing an additional 229,074 shares during the last quarter. Easterly Investment Partners LLC bought a new position in Cerus during the 1st quarter valued at about $405,000. AQR Capital Management LLC grew its holdings in Cerus by 938.5% during the 2nd quarter. AQR Capital Management LLC now owns 215,901 shares of the biotechnology company’s stock valued at $380,000 after purchasing an additional 195,112 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. grew its holdings in Cerus by 2.4% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,750,700 shares of the biotechnology company’s stock valued at $14,571,000 after purchasing an additional 182,629 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.
Cerus Stock Performance
Shares of NASDAQ:CERS opened at $1.57 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $290.92 million, a price-to-earnings ratio of -12.08 and a beta of 1.18. The firm’s 50-day moving average is $1.89 and its 200 day moving average is $1.92. Cerus Co. has a 12 month low of $1.32 and a 12 month high of $2.59.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus cut their price target on shares of Cerus from $6.00 to $3.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Cerus currently has an average rating of “Moderate Buy” and a consensus target price of $3.63.
Check Out Our Latest Stock Analysis on Cerus
Insiders Place Their Bets
In other Cerus news, CFO Kevin Dennis Green sold 28,385 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $2.18, for a total value of $61,879.30. Following the transaction, the chief financial officer now directly owns 590,365 shares in the company, valued at $1,286,995.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.40% of the company’s stock.
Cerus Profile
Cerus Corporation operates as a biomedical products company. The company focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety. Its INTERCEPT Blood System, a proprietary technology for controlling biological replication that is designed to reduce blood-borne pathogens in donated blood components intended for transfusion.
See Also
- Five stocks we like better than Cerus
- How to Invest in the Best Canadian Stocks
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- Insider Buying Explained: What Investors Need to Know
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Want to see what other hedge funds are holding CERS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cerus Co. (NASDAQ:CERS – Free Report).
Receive News & Ratings for Cerus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cerus and related companies with MarketBeat.com's FREE daily email newsletter.