Actinium Pharmaceuticals (ATNM) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Actinium Pharmaceuticals (NYSEAMERICAN:ATNM) from a buy rating to a hold rating in a research note published on Monday.

According to Zacks, “Actinium Pharmaceuticals, Inc. is a biopharmaceutical company. It specializes in the development of cancer drugs. The company’s principal product candidates under different developmental stages include Actimab-A for the treatment of acute myeloid leukemia in elderly patients and Iomab-B used to condition the bone marrow of patients. Actinium Pharmaceuticals, Inc. is based in New York. “

A number of other analysts have also recently commented on the stock. Roth Capital set a $6.00 target price on shares of Actinium Pharmaceuticals and gave the company a buy rating in a report on Wednesday, October 10th. Oppenheimer set a $5.00 target price on shares of Actinium Pharmaceuticals and gave the company a buy rating in a report on Wednesday, November 28th. Maxim Group reaffirmed a buy rating and set a $3.00 target price on shares of Actinium Pharmaceuticals in a report on Tuesday, August 14th. Finally, B. Riley set a $3.00 target price on shares of Actinium Pharmaceuticals and gave the company a buy rating in a report on Wednesday, August 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Actinium Pharmaceuticals presently has an average rating of Buy and a consensus price target of $3.55.

ATNM opened at $0.55 on Monday. Actinium Pharmaceuticals has a twelve month low of $0.33 and a twelve month high of $0.87.

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in shares of Actinium Pharmaceuticals by 1,269.5% in the second quarter. Renaissance Technologies LLC now owns 387,500 shares of the biotechnology company’s stock worth $248,000 after purchasing an additional 359,205 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Actinium Pharmaceuticals in the third quarter worth $816,000. PNC Financial Services Group Inc. purchased a new stake in shares of Actinium Pharmaceuticals in the third quarter worth $617,000. Virtu Financial LLC increased its stake in shares of Actinium Pharmaceuticals by 103.1% in the third quarter. Virtu Financial LLC now owns 195,623 shares of the biotechnology company’s stock worth $146,000 after purchasing an additional 99,318 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Actinium Pharmaceuticals by 6.4% in the third quarter. Vanguard Group Inc. now owns 2,575,754 shares of the biotechnology company’s stock worth $1,909,000 after purchasing an additional 154,403 shares in the last quarter.

Actinium Pharmaceuticals Company Profile

Actinium Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, develops targeted therapies for patients with cancers lacking effective treatment options. Its lead product candidate is Iomab-B that is in Phase III clinical studies for myeloablation and conditioning of the bone marrow prior to a bone marrow transplant for patients with relapsed or refractory acute myeloid leukemia (AML) age 55 and older.

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