Jeffrey S. Flier sells 500 shares of Scholar Rock Holding Co. (NASDAQ: SRRK)
Scholar Rock Holding Co. (NASDAQ: SRRK) director Jeffrey S. Flier sold 500 shares in a trade that took place on Monday, September 20. The stock was sold for an average price of $ 34.09, for a total value of $ 17,045.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
SRRK shares traded up $ 0.15 at midday on Tuesday, reaching $ 34.24. The company had a trading volume of 120,142 shares, compared to an average volume of 269,400. Scholar Rock Holding Co. has a twelve-month low of $ 13.30 and a twelve-month high of $ 70.00. The company has a debt to equity ratio of 0.11, a current ratio of 4.33 and a rapid ratio of 4.33. The company’s 50-day moving average is $ 36.27 and its 200-day moving average is $ 36.21. The company has a market cap of $ 1.18 billion, a P / E ratio of -10.72 and a beta of 0.13.
Scholar Rock (NASDAQ: SRRK) last released its quarterly results on Monday, August 9. The company reported ($ 0.84) earnings per share for the quarter, missing Zacks’ ($ 0.06) consensus estimate ($ 0.78). Scholar Rock had a negative net margin of 687.82% and a negative return on equity of 55.58%. The company posted revenue of $ 4.60 million for the quarter, compared to analysts’ estimate of $ 5.25 million. During the same period of the previous year, the company made earnings per share ($ 0.65). The company’s revenue for the quarter increased 17.9% year-over-year. As a group, equity analysts expect Scholar Rock Holding Co. to post -3.18 EPS for the current fiscal year.
A number of hedge funds have recently increased or reduced their holdings in SRRK. Lord Abbett & CO. LLC increased its stake in Scholar Rock by 292.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 781,111 shares of the company valued at $ 39,571,000 after purchasing an additional 582,126 shares during the last quarter. State Street Corp increased its stake in Scholar Rock by 41.5% during the 2nd quarter. State Street Corp now owns 1,739,440 shares of the company valued at $ 50,270,000 after purchasing an additional 510,413 shares last quarter. Price T Rowe Associates Inc. MD increased its stake in Scholar Rock by 9.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,820,037 shares of the company valued at $ 139,299,000 after purchasing an additional 433,188 shares during the last quarter. Morgan Stanley increased its stake in Scholar Rock by 312.4% during the 2nd quarter. Morgan Stanley now owns 352,251 shares of the company valued at $ 10,180,000 after purchasing an additional 266,841 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Scholar Rock by 276.7% during the first quarter. Goldman Sachs Group Inc. now owns 255,222 shares of the company valued at $ 12,929,000 after purchasing an additional 187,477 shares in the last quarter. 81.99% of the shares are held by hedge funds and other institutional investors.
Meanwhile, Zacks Investment Research downgraded Scholar Rock from a “hold” rating to a “sell” rating in a report released Thursday, July 15. One investment analyst rated the stock with a sell rating and five gave the stock a buy rating. Based on data from MarketBeat.com, Scholar Rock currently has an average rating of “Buy” and a consensus target price of $ 61.60.
About Scholar Rock
Scholar Rock Holding Corp. is a biopharmaceutical company. It engages in the development and discovery of innovative drugs. The company offers a proprietary platform designed to discover and develop monoclonal antibodies with a high degree of specificity to achieve selective modulation of growth factor signaling.
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