Jane Street Group LLC Invests $1.13 Million in Zymeworks Inc (ZYME)

Jane Street Group LLC bought a new position in shares of Zymeworks Inc (NYSE:ZYME) in the 4th quarter, HoldingsChannel.com reports. The firm bought 76,803 shares of the company’s stock, valued at approximately $1,127,000.

Several other large investors have also added to or reduced their stakes in ZYME. Opaleye Management Inc. bought a new position in Zymeworks during the fourth quarter valued at approximately $1,541,000. Fosun International Ltd bought a new position in Zymeworks during the fourth quarter valued at approximately $1,030,000. Wells Fargo & Company MN boosted its stake in Zymeworks by 103.0% during the third quarter. Wells Fargo & Company MN now owns 89,794 shares of the company’s stock valued at $1,410,000 after buying an additional 45,560 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Zymeworks by 11.8% during the third quarter. Renaissance Technologies LLC now owns 376,800 shares of the company’s stock valued at $5,916,000 after buying an additional 39,800 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Zymeworks by 35.1% during the fourth quarter. Acadian Asset Management LLC now owns 113,399 shares of the company’s stock valued at $1,667,000 after buying an additional 29,468 shares during the last quarter. Hedge funds and other institutional investors own 28.37% of the company’s stock.

In related news, major shareholder Eli & Co Lilly sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $16.00, for a total transaction of $4,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ali Tehrani sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $16.24, for a total value of $48,720.00. The disclosure for this sale can be found here. 4.80% of the stock is owned by company insiders.

NYSE:ZYME opened at $16.13 on Tuesday. The company has a market capitalization of $518.17 million, a PE ratio of -12.80 and a beta of 1.48. Zymeworks Inc has a 1 year low of $10.37 and a 1 year high of $29.00.

Zymeworks (NYSE:ZYME) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.19. The business had revenue of $28.93 million during the quarter, compared to analyst estimates of $65.00 million. Zymeworks had a negative return on equity of 23.17% and a negative net margin of 68.95%. On average, sell-side analysts predict that Zymeworks Inc will post -2.37 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. Zacks Investment Research lowered Zymeworks from a “buy” rating to a “hold” rating in a research note on Saturday. Raymond James set a $29.00 price target on Zymeworks and gave the company an “outperform” rating in a research note on Thursday, March 14th. TheStreet raised Zymeworks from a “d” rating to a “c-” rating in a research note on Friday, January 11th. Finally, ValuEngine raised Zymeworks from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $23.29.

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About Zymeworks

Zymeworks Inc, a clinical-stage biopharmaceutical company, engages in the discovery, development, and commercialization of bio-therapeutics for the treatment of cancer in Canada. The company's lead product candidate is ZW25, a novel bispecific antibody that is in Phase I clinical trial for the treatment of breast and gastric cancer.

Further Reading: What is a trade deficit?

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Institutional Ownership by Quarter for Zymeworks (NYSE:ZYME)

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