Intra-Cellular Therapies Inc (NASDAQ:ITCI) was the recipient of some unusual options trading on Monday. Traders purchased 6,203 put options on the stock. This is an increase of 1,996% compared to the typical daily volume of 296 put options.
Shares of ITCI stock opened at $13.82 on Wednesday. The firm has a market capitalization of $790.80 million, a P/E ratio of -6.52 and a beta of 1.10. Intra-Cellular Therapies has a twelve month low of $13.78 and a twelve month high of $25.82.
Intra-Cellular Therapies (NASDAQ:ITCI) last issued its quarterly earnings results on Wednesday, November 7th. The biopharmaceutical company reported ($0.76) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.85) by $0.09. As a group, analysts predict that Intra-Cellular Therapies will post -3.03 EPS for the current year.
In other news, Director Joel S. Marcus sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $18.24, for a total transaction of $456,000.00. Following the transaction, the director now directly owns 21,671 shares of the company’s stock, valued at $395,279.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joel S. Marcus sold 32,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $18.17, for a total value of $581,440.00. Following the transaction, the director now directly owns 21,671 shares in the company, valued at $393,762.07. The disclosure for this sale can be found here. 17.40% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP grew its stake in Intra-Cellular Therapies by 5,520.7% in the third quarter. Quantbot Technologies LP now owns 4,609 shares of the biopharmaceutical company’s stock worth $100,000 after purchasing an additional 4,527 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Intra-Cellular Therapies by 127.8% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,687 shares of the biopharmaceutical company’s stock worth $123,000 after acquiring an additional 3,190 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in Intra-Cellular Therapies in the second quarter worth $167,000. Cubist Systematic Strategies LLC boosted its holdings in Intra-Cellular Therapies by 53.0% in the second quarter. Cubist Systematic Strategies LLC now owns 9,641 shares of the biopharmaceutical company’s stock worth $170,000 after acquiring an additional 3,339 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Intra-Cellular Therapies by 19.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,462 shares of the biopharmaceutical company’s stock worth $362,000 after acquiring an additional 3,400 shares in the last quarter. 69.53% of the stock is currently owned by institutional investors.
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Intra-Cellular Therapies Company Profile
Intra-Cellular Therapies, Inc, a biopharmaceutical company, engages in developing novel drugs for the treatment of neuropsychiatric and neurodegenerative diseases. The company is developing its lead drug candidate, lumateperone, known as ITI-007, for the treatment of schizophrenia, bipolar disorder, behavioral disturbances in patients with dementia, and other neuropsychiatric and neurological disorders.
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