EAM Investors LLC lifted its holdings in shares of Akebia Therapeutics, Inc. (NASDAQ:AKBA) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,470 shares of the biopharmaceutical company’s stock after buying an additional 12,330 shares during the quarter. EAM Investors LLC owned about 0.50% of Akebia Therapeutics worth $4,632,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of AKBA. SG Americas Securities LLC acquired a new stake in shares of Akebia Therapeutics during the 2nd quarter worth approximately $132,000. Legal & General Group Plc grew its holdings in Akebia Therapeutics by 8.0% during the second quarter. Legal & General Group Plc now owns 9,672 shares of the biopharmaceutical company’s stock valued at $142,000 after purchasing an additional 714 shares during the period. Creative Planning grew its holdings in Akebia Therapeutics by 2.9% during the second quarter. Creative Planning now owns 10,650 shares of the biopharmaceutical company’s stock valued at $153,000 after purchasing an additional 300 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Akebia Therapeutics during the second quarter valued at approximately $159,000. Finally, Macquarie Group Ltd. acquired a new position in Akebia Therapeutics during the third quarter valued at approximately $183,000. Institutional investors own 60.09% of the company’s stock.
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Shares of Akebia Therapeutics, Inc. (NASDAQ:AKBA) traded up $0.23 on Monday, reaching $15.36. 315,500 shares of the company’s stock were exchanged, compared to its average volume of 514,004. Akebia Therapeutics, Inc. has a 1 year low of $7.78 and a 1 year high of $20.25.
Akebia Therapeutics (NASDAQ:AKBA) last announced its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.49) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.07. Akebia Therapeutics had a negative net margin of 137.80% and a negative return on equity of 198.85%. The firm had revenue of $41.28 million for the quarter, compared to analyst estimates of $34.00 million. equities research analysts expect that Akebia Therapeutics, Inc. will post -2.25 EPS for the current year.
In other news, SVP Michel Dahan sold 1,398 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $19.64, for a total value of $27,456.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders sold 7,586 shares of company stock worth $147,289. 8.67% of the stock is currently owned by insiders.
Akebia Therapeutics Profile
Akebia Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of therapeutics based on hypoxia-inducible factor (HIF) biology. The Company’s lead product candidate, vadadustat, is indicated for the treatment of anemia in chronic kidney disease (CKD).
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