Private Advisor Group LLC Takes $238,000 Position in Ionis Pharmaceuticals Inc (IONS)

Private Advisor Group LLC acquired a new stake in shares of Ionis Pharmaceuticals Inc (NASDAQ:IONS) in the third quarter, Holdings Channel reports. The institutional investor acquired 4,611 shares of the company’s stock, valued at approximately $238,000.

Several other large investors also recently made changes to their positions in IONS. TRUE Private Wealth Advisors bought a new position in shares of Ionis Pharmaceuticals during the 3rd quarter valued at approximately $133,000. Rockefeller Capital Management L.P. bought a new position in shares of Ionis Pharmaceuticals during the 2nd quarter valued at approximately $156,000. Parallel Advisors LLC grew its stake in shares of Ionis Pharmaceuticals by 195.5% during the 3rd quarter. Parallel Advisors LLC now owns 3,023 shares of the company’s stock valued at $156,000 after acquiring an additional 2,000 shares during the period. Clarus Wealth Advisors grew its stake in shares of Ionis Pharmaceuticals by 200.0% during the 3rd quarter. Clarus Wealth Advisors now owns 3,600 shares of the company’s stock valued at $186,000 after acquiring an additional 2,400 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Ionis Pharmaceuticals during the 2nd quarter valued at approximately $212,000. Institutional investors own 85.87% of the company’s stock.

In other Ionis Pharmaceuticals news, SVP C Frank Bennett sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $49.54, for a total value of $619,250.00. Following the completion of the transaction, the senior vice president now directly owns 31,896 shares in the company, valued at approximately $1,580,127.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brett P. Monia sold 34,000 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $55.00, for a total value of $1,870,000.00. Following the completion of the transaction, the chief operating officer now owns 49,841 shares of the company’s stock, valued at $2,741,255. The disclosure for this sale can be found here. Corporate insiders own 2.13% of the company’s stock.

IONS stock opened at $58.29 on Friday. Ionis Pharmaceuticals Inc has a 1-year low of $39.07 and a 1-year high of $58.54. The company has a quick ratio of 7.96, a current ratio of 7.99 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 728.63 and a beta of 2.39.

Ionis Pharmaceuticals (NASDAQ:IONS) last posted its quarterly earnings results on Tuesday, November 6th. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.10. Ionis Pharmaceuticals had a negative return on equity of 1.58% and a negative net margin of 7.52%. The business had revenue of $145.40 million during the quarter, compared to the consensus estimate of $146.77 million. During the same period in the prior year, the company posted ($0.02) EPS. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, sell-side analysts expect that Ionis Pharmaceuticals Inc will post -0.24 EPS for the current fiscal year.

A number of research analysts recently issued reports on IONS shares. Piper Jaffray Companies set a $50.00 price objective on Ionis Pharmaceuticals and gave the company a “hold” rating in a research note on Monday, September 24th. Stifel Nicolaus cut their price objective on Ionis Pharmaceuticals from $55.00 to $48.00 and set a “hold” rating for the company in a research note on Tuesday, August 7th. ValuEngine upgraded Ionis Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Morgan Stanley set a $45.00 price objective on Ionis Pharmaceuticals and gave the company a “hold” rating in a research note on Wednesday, October 3rd. Finally, Zacks Investment Research downgraded Ionis Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $53.50.

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Ionis Pharmaceuticals Company Profile

Ionis Pharmaceuticals, Inc discovers and develops RNA-targeted therapeutics. The company offers SPINRAZA for spinal muscular atrophy (SMA) in pediatric and adult patients; and Kynamro an oligonucleotide inhibitor for use in patients with homozygous familial hypercholesterolemia to reduce low density lipoprotein-cholesterol, apolipoprotein B, total cholesterol, and non-high density lipoprotein.

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Institutional Ownership by Quarter for Ionis Pharmaceuticals (NASDAQ:IONS)

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