Raymond James Financial Reaffirms Hold Rating for Nantkwest (NK)

Raymond James Financial reiterated their hold rating on shares of Nantkwest (NASDAQ:NK) in a research report report published on Monday.

NK has been the topic of a number of other reports. Zacks Investment Research upgraded Nantkwest from a hold rating to a buy rating and set a $4.50 target price on the stock in a research note on Tuesday, November 14th. Citigroup set a $3.00 target price on Nantkwest and gave the company a sell rating in a research note on Monday, August 14th. Finally, BidaskClub cut shares of Nantkwest from a sell rating to a strong sell rating in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $5.13.

Nantkwest (NASDAQ NK) traded up $0.05 during mid-day trading on Monday, reaching $5.05. The company’s stock had a trading volume of 238,300 shares, compared to its average volume of 366,612. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.01. Nantkwest has a 12 month low of $2.71 and a 12 month high of $8.45.

Several hedge funds and other institutional investors have recently modified their holdings of NK. Renaissance Technologies LLC raised its stake in shares of Nantkwest by 1,884.1% during the first quarter. Renaissance Technologies LLC now owns 486,100 shares of the biotechnology company’s stock valued at $1,726,000 after purchasing an additional 461,600 shares in the last quarter. Vanguard Group Inc. raised its stake 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 valued at $7,394,000 after purchasing an additional 160,510 shares in the last quarter. Northern Trust Corp raised its stake in shares of Nantkwest by 67.8% during the second quarter. Northern Trust Corp now owns 304,062 shares of the biotechnology company’s stock valued at $2,308,000 after purchasing an additional 122,906 shares in the last quarter. State Street Corp raised its stake in shares of Nantkwest by 52.9% during the second quarter. State Street Corp now owns 341,007 shares of the biotechnology company’s stock valued at $2,589,000 after purchasing an additional 117,946 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in Nantkwest in the second quarter worth about $563,000. Institutional investors and hedge funds own 19.14% of the company’s stock.

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