Private Advisor Group LLC Buys Shares of 16,100 Athenex Inc (ATNX)

Private Advisor Group LLC bought a new position in Athenex Inc (NASDAQ:ATNX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,100 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Athenex by 106.3% during the second quarter. BlackRock Inc. now owns 3,472,246 shares of the company’s stock valued at $64,793,000 after buying an additional 1,789,061 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Athenex by 249.8% during the second quarter. Northern Trust Corp now owns 511,476 shares of the company’s stock valued at $9,545,000 after buying an additional 365,240 shares during the last quarter. Northpointe Capital LLC bought a new stake in shares of Athenex during the third quarter valued at approximately $2,540,000. Citadel Advisors LLC bought a new stake in shares of Athenex during the second quarter valued at approximately $2,258,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Athenex by 177.9% during the second quarter. Bank of New York Mellon Corp now owns 163,893 shares of the company’s stock valued at $3,058,000 after buying an additional 104,918 shares during the last quarter. 20.93% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Johnson Yiu Nam Lau bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were purchased at an average price of $15.84 per share, with a total value of $79,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,825,422 shares in the company, valued at $44,754,684.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Yordon bought 9,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were purchased at an average cost of $10.49 per share, for a total transaction of $99,655.00. Following the acquisition, the insider now owns 198,209 shares of the company’s stock, valued at $2,079,212.41. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 93,500 shares of company stock worth $1,081,935. 29.50% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised Athenex from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research cut Athenex from a “hold” rating to a “sell” rating in a report on Friday, August 17th. BidaskClub cut Athenex from a “hold” rating to a “sell” rating in a report on Friday, August 17th. LADENBURG THALM/SH SH assumed coverage on Athenex in a report on Thursday, October 25th. They set a “buy” rating and a $27.00 price target on the stock. Finally, JPMorgan Chase & Co. raised Athenex from a “neutral” rating to an “overweight” rating and cut their price target for the company from $24.00 to $15.00 in a report on Thursday, November 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.00.

ATNX opened at $13.22 on Friday. The company has a market cap of $873.63 million, a PE ratio of -5.70 and a beta of 0.31. The company has a current ratio of 4.46, a quick ratio of 3.86 and a debt-to-equity ratio of 0.30. Athenex Inc has a twelve month low of $9.83 and a twelve month high of $20.90.

Athenex (NASDAQ:ATNX) last released its quarterly earnings results on Wednesday, November 14th. The company reported ($0.33) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.12. The company had revenue of $18.43 million for the quarter. Athenex had a negative return on equity of 71.94% and a negative net margin of 143.42%. As a group, analysts anticipate that Athenex Inc will post -1.98 earnings per share for the current year.

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Athenex Profile

Athenex, Inc, a biopharmaceutical company, engages in the discovery, development, and commercialization of various therapies for the treatment of cancer and related conditions. The company's Orascovery product candidates include Oraxol, an oral dosage form, which is in Phase III trial for metastatic breast cancer, as well as various clinical studies in advanced malignances and gastric cancer; and Oratecan, an oral dosage form of irinotecan that is in a Phase I study for the treatment of metastatic colorectal cancer, glioblastoma, lung, ovarian, cervical, upper gastrointestinal, and pancreatic cancer.

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Institutional Ownership by Quarter for Athenex (NASDAQ:ATNX)

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