Mersana Therapeutics Inc (NASDAQ:MRSN) Position Cut by Point72 Asset Management L.P.

Share on StockTwits

Point72 Asset Management L.P. decreased its stake in Mersana Therapeutics Inc (NASDAQ:MRSN) by 16.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,808 shares of the company’s stock after selling 28,192 shares during the period. Point72 Asset Management L.P. owned approximately 0.62% of Mersana Therapeutics worth $2,533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. American International Group Inc. lifted its stake in shares of Mersana Therapeutics by 110.1% in the first quarter. American International Group Inc. now owns 7,151 shares of the company’s stock worth $113,000 after acquiring an additional 3,747 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Mersana Therapeutics by 20.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 24,500 shares of the company’s stock worth $438,000 after acquiring an additional 4,200 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Mersana Therapeutics by 27.4% in the second quarter. Bank of New York Mellon Corp now owns 31,615 shares of the company’s stock worth $564,000 after acquiring an additional 6,804 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Mersana Therapeutics by 505.6% in the first quarter. The Manufacturers Life Insurance Company now owns 9,496 shares of the company’s stock worth $149,000 after acquiring an additional 7,928 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Mersana Therapeutics by 266.7% in the first quarter. New York State Common Retirement Fund now owns 12,100 shares of the company’s stock worth $191,000 after acquiring an additional 8,800 shares in the last quarter. 82.61% of the stock is owned by institutional investors.

NASDAQ MRSN traded up $0.12 on Friday, hitting $8.36. 85,847 shares of the stock traded hands, compared to its average volume of 145,223. Mersana Therapeutics Inc has a twelve month low of $8.16 and a twelve month high of $23.96. The stock has a market capitalization of $231.53 million, a P/E ratio of -2.60 and a beta of -1.42.

Mersana Therapeutics (NASDAQ:MRSN) last announced its quarterly earnings data on Wednesday, August 15th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.04. Mersana Therapeutics had a negative return on equity of 72.63% and a negative net margin of 276.81%. The firm had revenue of $4.19 million for the quarter, compared to analysts’ expectations of $3.74 million. As a group, research analysts anticipate that Mersana Therapeutics Inc will post -2.3 EPS for the current fiscal year.

MRSN has been the topic of several recent analyst reports. HC Wainwright set a $16.00 price target on Mersana Therapeutics and gave the stock a “buy” rating in a research note on Friday, July 20th. Zacks Investment Research cut Mersana Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Wedbush boosted their price target on Mersana Therapeutics from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 18th. Robert W. Baird set a $20.00 price target on Mersana Therapeutics and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Finally, Leerink Swann cut Mersana Therapeutics from an “outperform” rating to a “market perform” rating and set a $61.00 price target on the stock. in a research note on Thursday, July 19th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Mersana Therapeutics currently has an average rating of “Buy” and an average target price of $26.83.

In other news, insider Timothy B. Lowinger sold 3,500 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $13.15, for a total transaction of $46,025.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 10,500 shares of company stock worth $125,440 over the last quarter. Insiders own 39.70% of the company’s stock.

Mersana Therapeutics Company Profile

Mersana Therapeutics, Inc, a clinical stage biopharmaceutical company focusing on the development of oncology therapeutics in the United States and Canada. The company develops Dolaflexin, an antibody drug conjugate (ADC) platform designed to enhance the potency and efficacy of ADCs while simultaneously enhancing the safety and tolerability.

Featured Story: What is the NASDAQ Stock Market?

Institutional Ownership by Quarter for Mersana Therapeutics (NASDAQ:MRSN)

Receive News & Ratings for Mersana Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mersana Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.