AMAG Pharmaceuticals (AMAG) Bonds Trading 5.3% Higher

An issue of AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) bonds rose 5.3% as a percentage of their face value during trading on Thursday. The debt issue has a 7.875% coupon and is set to mature on September 1, 2023. The bonds in the issue are now trading at $97.75 and were trading at $93.50 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

A number of equities analysts recently commented on AMAG shares. Jefferies Group reaffirmed a “buy” rating and set a $16.00 price target on shares of AMAG Pharmaceuticals in a research note on Sunday, November 5th. Janney Montgomery Scott upgraded shares of AMAG Pharmaceuticals from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.65 to $45.00 in a report on Thursday. Piper Jaffray Companies reiterated a “hold” rating and set a $15.00 price objective on shares of AMAG Pharmaceuticals in a report on Thursday, January 18th. B. Riley reiterated a “hold” rating and set a $16.00 price objective on shares of AMAG Pharmaceuticals in a report on Tuesday, January 16th. Finally, ValuEngine upgraded shares of AMAG Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. AMAG Pharmaceuticals currently has an average rating of “Hold” and an average price target of $21.82.

Shares of AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) opened at $18.50 on Friday. AMAG Pharmaceuticals, Inc. has a twelve month low of $11.93 and a twelve month high of $25.20. The firm has a market cap of $634.97, a PE ratio of -3.04 and a beta of 0.79. The company has a current ratio of 1.59, a quick ratio of 1.48 and a debt-to-equity ratio of 0.94.

A number of institutional investors and hedge funds have recently made changes to their positions in AMAG. Bogle Investment Management L P DE bought a new stake in AMAG Pharmaceuticals during the 4th quarter valued at about $4,352,000. State Street Corp raised its holdings in shares of AMAG Pharmaceuticals by 10.6% in the 2nd quarter. State Street Corp now owns 2,789,932 shares of the specialty pharmaceutical company’s stock valued at $51,336,000 after purchasing an additional 267,873 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of AMAG Pharmaceuticals in the 3rd quarter valued at about $3,958,000. Prudential Financial Inc. raised its holdings in shares of AMAG Pharmaceuticals by 35.7% in the 3rd quarter. Prudential Financial Inc. now owns 725,357 shares of the specialty pharmaceutical company’s stock valued at $13,382,000 after purchasing an additional 190,660 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of AMAG Pharmaceuticals by 18.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,215,249 shares of the specialty pharmaceutical company’s stock valued at $22,361,000 after purchasing an additional 189,576 shares in the last quarter.

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AMAG Pharmaceuticals Company Profile

AMAG Pharmaceuticals, Inc is a pharmaceutical company. The Company’s segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); services related to the collection, processing and storage of umbilical cord blood stem cell and cord tissue units operated through Cord Blood Registry (CBR); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse.

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