Geode Capital Management LLC Buys 18,685 Shares of NantKwest, Inc. (NASDAQ:NK)

Geode Capital Management LLC raised its position in NantKwest, Inc. (NASDAQ:NK) by 7.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 256,699 shares of the biotechnology company’s stock after acquiring an additional 18,685 shares during the period. Geode Capital Management LLC owned approximately 0.31% of NantKwest worth $911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NK. Alliancebernstein L.P. increased its holdings in NantKwest by 8.7% during the 1st quarter. Alliancebernstein L.P. now owns 33,800 shares of the biotechnology company’s stock valued at $120,000 after acquiring an additional 2,700 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in NantKwest by 53.4% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 32,939 shares of the biotechnology company’s stock valued at $117,000 after acquiring an additional 11,465 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of NantKwest by 53.6% during the fourth quarter. Teachers Advisors LLC now owns 40,507 shares of the biotechnology company’s stock worth $232,000 after buying an additional 14,131 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in shares of NantKwest by 20.0% during the first quarter. Vident Investment Advisory LLC now owns 138,691 shares of the biotechnology company’s stock worth $492,000 after buying an additional 23,112 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of NantKwest by 8.4% during the first quarter. Vanguard Group Inc. now owns 2,082,706 shares of the biotechnology company’s stock worth $7,394,000 after buying an additional 160,510 shares in the last quarter. Hedge funds and other institutional investors own 18.79% of the company’s stock.

In related news, Director Steve Gorlin sold 103,841 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $6.04, for a total transaction of $627,199.64. Following the completion of the sale, the director now directly owns 375,002 shares of the company’s stock, valued at $2,265,012.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 70.19% of the stock is owned by company insiders.

Shares of NantKwest, Inc. (NASDAQ NK) opened at 5.50 on Friday. The company has a 50-day moving average of $5.90 and a 200 day moving average of $5.90. NantKwest, Inc. has a 12-month low of $4.35 and a 12-month high of $8.31. The firm’s market cap is $436.92 million.

A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of NantKwest from a “sell” rating to a “strong sell” rating in a research report on Friday. Citigroup Inc. set a $3.00 target price on shares of NantKwest and gave the stock a “sell” rating in a research report on Monday, August 14th. Zacks Investment Research cut shares of NantKwest from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of NantKwest from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. NantKwest currently has a consensus rating of “Hold” and a consensus target price of $5.94.

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About NantKwest

Institutional Ownership by Quarter for NantKwest (NASDAQ:NK)

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