Eiger Biopharmaceuticals Inc (EIGR) Shares Bought by Northern Trust Corp

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Northern Trust Corp lifted its stake in Eiger Biopharmaceuticals Inc (NASDAQ:EIGR) by 38.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,552 shares of the biotechnology company’s stock after acquiring an additional 11,176 shares during the period. Northern Trust Corp owned 0.28% of Eiger Biopharmaceuticals worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. 683 Capital Management LLC boosted its stake in shares of Eiger Biopharmaceuticals by 51.2% in the second quarter. 683 Capital Management LLC now owns 295,285 shares of the biotechnology company’s stock worth $3,602,000 after acquiring an additional 100,000 shares during the period. GMT Capital Corp bought a new position in Eiger Biopharmaceuticals during the second quarter valued at approximately $3,459,000. Millennium Management LLC bought a new position in Eiger Biopharmaceuticals during the second quarter valued at approximately $871,000. Ardsley Advisory Partners bought a new position in Eiger Biopharmaceuticals during the second quarter valued at approximately $305,000. Finally, Renaissance Technologies LLC boosted its stake in Eiger Biopharmaceuticals by 40.4% during the second quarter. Renaissance Technologies LLC now owns 230,229 shares of the biotechnology company’s stock valued at $2,809,000 after buying an additional 66,200 shares during the last quarter. 51.62% of the stock is owned by institutional investors.

A number of equities analysts recently commented on EIGR shares. Wedbush set a $55.00 price target on Eiger Biopharmaceuticals and gave the company a “buy” rating in a research note on Friday, October 19th. Oppenheimer set a $26.00 price target on Eiger Biopharmaceuticals and gave the company a “buy” rating in a research note on Thursday, October 18th. ValuEngine raised Eiger Biopharmaceuticals from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 17th. LADENBURG THALM/SH SH set a $28.00 price target on Eiger Biopharmaceuticals and gave the company a “buy” rating in a research note on Wednesday, October 17th. Finally, Zacks Investment Research raised Eiger Biopharmaceuticals from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research note on Monday, October 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $29.71.

In related news, Director Eldon C. Mayer III acquired 7,500 shares of the stock in a transaction dated Monday, November 26th. The stock was acquired at an average cost of $9.75 per share, with a total value of $73,125.00. Following the purchase, the director now directly owns 7,500 shares of the company’s stock, valued at $73,125. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Interwest Partners X. Lp sold 237,265 shares of the firm’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $12.06, for a total value of $2,861,415.90. The disclosure for this sale can be found here. 7.90% of the stock is owned by company insiders.

Shares of Eiger Biopharmaceuticals stock opened at $11.44 on Friday. Eiger Biopharmaceuticals Inc has a 12 month low of $7.46 and a 12 month high of $18.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 4.59 and a quick ratio of 4.59.

Eiger Biopharmaceuticals (NASDAQ:EIGR) last announced its quarterly earnings results on Friday, November 9th. The biotechnology company reported ($1.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.43). On average, equities research analysts forecast that Eiger Biopharmaceuticals Inc will post -3.51 EPS for the current fiscal year.

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Eiger Biopharmaceuticals Company Profile

Eiger BioPharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of targeted therapies for rare diseases in the United States and internationally. The company's lead program is Lonafarnib, an orally bioavailable, small molecule, which is in Phase III clinical trial for treating hepatitis delta virus (HDV) infection.

Further Reading: Balance Sheet

Institutional Ownership by Quarter for Eiger Biopharmaceuticals (NASDAQ:EIGR)

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