Alyeska Investment Group L.P. lifted its holdings in shares of Concert Pharmaceuticals Inc (NASDAQ:CNCE) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 368,243 shares of the biotechnology company’s stock after acquiring an additional 6,576 shares during the period. Alyeska Investment Group L.P. owned 1.62% of Concert Pharmaceuticals worth $5,432,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of CNCE. SG Americas Securities LLC acquired a new stake in shares of Concert Pharmaceuticals during the 3rd quarter worth about $153,000. Alliancebernstein L.P. acquired a new stake in shares of Concert Pharmaceuticals during the 2nd quarter worth about $174,000. State of Wisconsin Investment Board acquired a new stake in shares of Concert Pharmaceuticals during the 2nd quarter worth about $181,000. The Manufacturers Life Insurance Company raised its position in shares of Concert Pharmaceuticals by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,052 shares of the biotechnology company’s stock worth $210,000 after acquiring an additional 287 shares in the last quarter. Finally, Airain ltd acquired a new stake in shares of Concert Pharmaceuticals during the 2nd quarter worth about $215,000. 65.36% of the stock is currently owned by institutional investors and hedge funds.
In other Concert Pharmaceuticals news, Director Ronald W. Barrett sold 14,156 shares of Concert Pharmaceuticals stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $24.70, for a total transaction of $349,653.20. Following the transaction, the director now owns 3,539 shares of the company’s stock, valued at $87,413.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ryan Lynch sold 3,500 shares of Concert Pharmaceuticals stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $14.51, for a total value of $50,785.00. Following the transaction, the insider now directly owns 9,500 shares in the company, valued at approximately $137,845. The disclosure for this sale can be found here. Insiders own 10.10% of the company’s stock.
Concert Pharmaceuticals Inc (NASDAQ:CNCE) opened at $26.00 on Wednesday. Concert Pharmaceuticals Inc has a 12-month low of $7.11 and a 12-month high of $26.92.
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Concert Pharmaceuticals Company Profile
Concert Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of small molecule drugs. The Company operates through the development of pharmaceutical products on its own behalf or in collaboration with others. The Company’s deuterated chemical entity platform (DCE Platform), has potential across various therapeutic areas.
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