490,993 Shares in Nightstar Therapeutics PLC (NITE) Purchased by Water Island Capital LLC

Share on StockTwits

Water Island Capital LLC purchased a new stake in shares of Nightstar Therapeutics PLC (NASDAQ:NITE) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 490,993 shares of the company’s stock, valued at approximately $12,456,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Nightstar Therapeutics in the 4th quarter worth approximately $127,000. JPMorgan Chase & Co. bought a new position in shares of Nightstar Therapeutics in the 3rd quarter worth approximately $214,000. Virtus ETF Advisers LLC bought a new position in shares of Nightstar Therapeutics in the 4th quarter worth approximately $314,000. Squarepoint Ops LLC lifted its stake in shares of Nightstar Therapeutics by 106.7% in the 4th quarter. Squarepoint Ops LLC now owns 43,886 shares of the company’s stock worth $506,000 after purchasing an additional 22,651 shares during the period. Finally, Harvest Management LLC bought a new position in shares of Nightstar Therapeutics in the 1st quarter worth approximately $685,000. 45.79% of the stock is currently owned by hedge funds and other institutional investors.

In other Nightstar Therapeutics news, CEO David A. Fellows sold 9,305 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $25.31, for a total transaction of $235,509.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tuyen Ong sold 2,446 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $25.31, for a total transaction of $61,908.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,142 shares of company stock worth $307,314.

Several equities analysts have recently weighed in on NITE shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $42.00 price objective on shares of Nightstar Therapeutics in a research note on Thursday, January 31st. ValuEngine upgraded shares of Nightstar Therapeutics from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Wedbush cut shares of Nightstar Therapeutics from an “outperform” rating to a “neutral” rating in a research note on Monday, March 4th. BMO Capital Markets cut shares of Nightstar Therapeutics from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $41.00 to $25.50 in a research note on Monday, March 4th. Finally, UBS Group cut shares of Nightstar Therapeutics from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $25.50 in a research note on Tuesday, March 5th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.06.

NASDAQ NITE traded up $0.01 on Wednesday, reaching $25.44. 1,604 shares of the stock were exchanged, compared to its average volume of 112,688. Nightstar Therapeutics PLC has a one year low of $9.59 and a one year high of $29.55.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Zolmax and is the sole property of of Zolmax. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://zolmax.com/investing/490993-shares-in-nightstar-therapeutics-plc-nite-purchased-by-water-island-capital-llc/3084819.html.

About Nightstar Therapeutics

Nightstar Therapeutics plc, a clinical-stage gene therapy company, focuses on developing and commercializing novel one-time treatments for patients suffering from rare inherited retinal diseases in the United Kingdom. The company's lead product candidate is NSR-REP1, a candidate that is in phase 3 clinical development for the treatment of patients with choroideremia.

See Also: How to invest in a bear market

Want to see what other hedge funds are holding NITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nightstar Therapeutics PLC (NASDAQ:NITE).

Institutional Ownership by Quarter for Nightstar Therapeutics (NASDAQ:NITE)

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



Latest News

Conagra Brands Inc  Shares Bought by Raymond James Financial Services Advisors Inc.
Conagra Brands Inc Shares Bought by Raymond James Financial Services Advisors Inc.
Mplx Lp  Position Reduced by Raymond James & Associates
Mplx Lp Position Reduced by Raymond James & Associates
Rhumbline Advisers Buys 860 Shares of Banner Co.
Rhumbline Advisers Buys 860 Shares of Banner Co.
Comfort Systems USA, Inc.  Shares Sold by Rhumbline Advisers
Comfort Systems USA, Inc. Shares Sold by Rhumbline Advisers
National Instruments Corp  Holdings Boosted by Janney Montgomery Scott LLC
National Instruments Corp Holdings Boosted by Janney Montgomery Scott LLC
1ST TR LARGE CA/COM  Stake Decreased by Raymond James & Associates
1ST TR LARGE CA/COM Stake Decreased by Raymond James & Associates


 
© 2006-2019 Zolmax.