First Trust Advisors LP lowered its holdings in ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) by 29.5% in the fourth quarter, HoldingsChannel reports. The firm owned 4,138,725 shares of the biopharmaceutical company’s stock after selling 1,731,968 shares during the period. First Trust Advisors LP’s holdings in ACADIA Pharmaceuticals were worth $66,923,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prudential Financial Inc. grew its position in ACADIA Pharmaceuticals by 8.3% during the fourth quarter. Prudential Financial Inc. now owns 12,449 shares of the biopharmaceutical company’s stock worth $201,000 after buying an additional 949 shares in the last quarter. Canada Pension Plan Investment Board grew its position in ACADIA Pharmaceuticals by 15.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 97,300 shares of the biopharmaceutical company’s stock worth $1,573,000 after buying an additional 12,964 shares in the last quarter. Smith Asset Management Group LP acquired a new stake in ACADIA Pharmaceuticals during the fourth quarter worth about $188,000. TD Asset Management Inc. grew its position in ACADIA Pharmaceuticals by 36.8% during the fourth quarter. TD Asset Management Inc. now owns 147,249 shares of the biopharmaceutical company’s stock worth $2,381,000 after buying an additional 39,649 shares in the last quarter. Finally, Creative Planning grew its position in ACADIA Pharmaceuticals by 19.7% during the fourth quarter. Creative Planning now owns 35,658 shares of the biopharmaceutical company’s stock worth $577,000 after buying an additional 5,876 shares in the last quarter. Institutional investors own 93.07% of the company’s stock.
NASDAQ ACAD opened at $22.26 on Friday. ACADIA Pharmaceuticals Inc. has a 1-year low of $12.77 and a 1-year high of $32.53.
In other ACADIA Pharmaceuticals news, Director Laura Brege sold 10,000 shares of ACADIA Pharmaceuticals stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at $200,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bros. Advisors Lp Baker acquired 11,764,705 shares of the firm’s stock in a transaction on Friday, November 30th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $199,999,985.00. The disclosure for this purchase can be found here. 23.28% of the stock is currently owned by insiders.
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ACADIA Pharmaceuticals Company Profile
ACADIA Pharmaceuticals Inc, a biopharmaceutical company, focuses on the development and commercialization of small molecule drugs that address unmet medical needs in central nervous system disorders. The company offers NUPLAZID (pimavanserin) for the treatment of hallucinations and delusions associated with Parkinson's disease psychosis.
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