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Rice Hall James & Associates LLC sold shares of Alkermes, but the company's earnings beat expectations.
Rice Hall James & Associates LLC reduced its holdings in Alkermes plc (NASDAQ: ALKS) by 4.8%, selling 21,730 shares in the fourth quarter.
Other institutional investors increased their positions, including Loomis Sayles & Co. L P and Frazier Life Sciences Management L.P. Alkermes, a biopharmaceutical company, reported earnings per share of $0.92 for the quarter, exceeding expectations.
Analysts predict a "Moderate Buy" rating with a target price of $37.25.
Institutional investors own 95.21% of the company's shares.
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Rice Hall James & Associates LLC vendió acciones de Alkermes, pero las ganancias de la empresa superaron las expectativas.