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Hedge fund Cromwell Holdings boosted its stake in Genmab, as the company's stock soared 656.8%.
Hedge fund Cromwell Holdings LLC significantly increased its stake in Danish antibody therapeutics company Genmab A/S, acquiring 2,496 more shares in the fourth quarter, pushing its total to 2,876 shares.
Genmab's stock saw a 656.8% rise in the same period, and the company beat earnings expectations, reporting $0.57 EPS versus the $0.28 consensus.
Institutional ownership stands at 7.07%, and the stock has a "Moderate Buy" rating with a $42.17 target price.
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El fondo de cobertura Cromwell Holdings aumentó su participación en Genmab, ya que las acciones de la compañía se elevaron un 656,8 %.