Deutsche Bank AG reduced its position in shares of Omeros Co. (NASDAQ:OMER) by 33.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,735 shares of the biopharmaceutical company’s stock after selling 30,892 shares during the period. Deutsche Bank AG’s holdings in Omeros were worth $675,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of OMER. Capital Impact Advisors LLC boosted its position in Omeros by 42.6% during the fourth quarter. Capital Impact Advisors LLC now owns 136,570 shares of the biopharmaceutical company’s stock worth $1,581,000 after acquiring an additional 40,815 shares during the last quarter. Geode Capital Management LLC boosted its position in Omeros by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 516,632 shares of the biopharmaceutical company’s stock worth $5,755,000 after acquiring an additional 35,974 shares during the last quarter. Millennium Management LLC boosted its position in Omeros by 844.8% during the fourth quarter. Millennium Management LLC now owns 1,112,584 shares of the biopharmaceutical company’s stock worth $12,394,000 after acquiring an additional 994,829 shares during the last quarter. Legal & General Group Plc boosted its position in Omeros by 12.7% during the fourth quarter. Legal & General Group Plc now owns 8,370 shares of the biopharmaceutical company’s stock worth $93,000 after acquiring an additional 945 shares during the last quarter. Finally, Miramar Capital LLC acquired a new stake in Omeros during the fourth quarter worth approximately $192,000. 49.48% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:OMER opened at $18.64 on Friday. The company has a market cap of $935.53 million, a price-to-earnings ratio of -8.40 and a beta of 3.57. Omeros Co. has a fifty-two week low of $10.30 and a fifty-two week high of $27.00.
A number of analysts recently issued reports on OMER shares. ValuEngine lowered shares of Omeros from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded shares of Omeros from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, March 7th. HC Wainwright restated a “buy” rating and set a $35.00 target price on shares of Omeros in a research report on Monday, March 4th. Finally, Cantor Fitzgerald initiated coverage on shares of Omeros in a research note on Monday, May 6th. They set an “overweight” rating and a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.83.
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Omeros Company Profile
Omeros Corporation, a biopharmaceutical company, discovers, develops, and commercializes small-molecule and protein therapeutics, and orphan indications targeting inflammation, complement-mediated diseases, disorders of the central nervous system (CNS), and immune-related diseases. It provides OMIDRIA for use in cataract surgery or intraocular lens replacement in the United States.
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