Assenagon Asset Management S.A. boosted its holdings in Anika Therapeutics, Inc. (NASDAQ:ANIK – Free Report) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,745 shares of the biotechnology company’s stock after acquiring an additional 3,733 shares during the quarter. Assenagon Asset Management S.A. owned 0.35% of Anika Therapeutics worth $1,253,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Eastern Bank purchased a new stake in shares of Anika Therapeutics in the 3rd quarter worth $28,000. Lazard Asset Management LLC purchased a new position in shares of Anika Therapeutics during the first quarter valued at about $180,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Anika Therapeutics during the first quarter valued at about $198,000. SG Americas Securities LLC grew its position in shares of Anika Therapeutics by 7.8% during the first quarter. SG Americas Securities LLC now owns 8,615 shares of the biotechnology company’s stock valued at $219,000 after purchasing an additional 627 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Anika Therapeutics by 16.9% during the first quarter. BNP Paribas Financial Markets now owns 22,240 shares of the biotechnology company’s stock valued at $565,000 after purchasing an additional 3,217 shares in the last quarter. 91.53% of the stock is owned by institutional investors.
Anika Therapeutics Trading Down 3.4 %
Shares of NASDAQ:ANIK opened at $16.53 on Friday. Anika Therapeutics, Inc. has a 12 month low of $16.00 and a 12 month high of $29.11. The company has a 50-day moving average price of $24.62 and a 200 day moving average price of $25.64. The company has a market cap of $244.64 million, a price-to-earnings ratio of -3.26 and a beta of 0.83.
Analyst Upgrades and Downgrades
Separately, Barrington Research cut their price objective on Anika Therapeutics from $37.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday.
Get Our Latest Stock Report on ANIK
Anika Therapeutics Profile
Anika Therapeutics, Inc, a joint preservation company, creates and delivers advancements in early intervention orthopedic care in the areas of osteoarthritis (OA) pain management, regenerative solutions, sports medicine, and arthrosurface joint solutions in the United States, Europe, and internationally.
See Also
- Five stocks we like better than Anika Therapeutics
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Energy Vault Soars 100%: CEO Shares Why in MarketBeat Exclusive
- Stock Sentiment Analysis: How it Works
- Meta’s Q3 Earnings Beat—Is This Dip a Golden Entry Opportunity?
- Breakout Stocks: What They Are and How to Identify Them
- Top Nuclear Stocks Thriving on Soaring Energy Demand
Receive News & Ratings for Anika Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anika Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.