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Nikko Asset Management cuts stake in Ionis Pharmaceuticals as the company reports financial losses.
Nikko Asset Management Americas Inc. has reduced its stake in Ionis Pharmaceuticals by 20.1%, selling 39,457 shares, and now owns 156,657 shares worth $5.47 million.
Ionis Pharmaceuticals reported a negative net margin of 64.25% and negative return on equity of 100.05% in its latest quarter.
The company offers treatments for spinal muscular atrophy, hereditary amyloidosis, and chylomicronemia syndrome.
Analysts predict the company will post -3.5 earnings per share for the current year.
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Nikko Asset Management reduce la participación en Ionis Pharmaceuticals a medida que la compañía reporta pérdidas financieras.