Amarin Corporation PLC (NASDAQ:AMRN) Shares Sold by Goldman Sachs Group Inc

Xavier Trudeau
Août 13, 2017

The legal version of this piece can be accessed at Equities analysts forecast that Amarin Corporation PLC will post ($0.22) earnings per share for the current fiscal year. It has Quarterly performance and year to date performance of 7.95% and 5.84% respectively.

Several research firms have recently weighed in on AMRN. The biopharmaceutical company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The firm had revenue of $44.95 million during the quarter, compared to the consensus estimate of $40.35 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. Amarin Co. plc's quarterly revenue was up 37.0% compared to the same quarter previous year. Polaris Greystone Fincl Group Ltd Limited Liability Company has invested 0.01% in Amarin Corporation plc (ADR) (NASDAQ:AMRN).

BidaskClub cut shares of Amarin Corporation PLC (NASDAQ:AMRN) from a hold rating to a sell rating in a research note issued to investors on Friday. Citigroup initiated Amarin Corporation plc (ADR) (NASDAQ:AMRN) on Wednesday, October 19 with "Buy" rating. Cantor Fitzgerald set a $5.00 target price on Amarin Corporation PLC and gave the stock a buy rating in a report on Monday, June 12th.

05/08/2015 - Amarin Corporation PLC was upgraded to "buy" by analysts at Zacks. Jefferies Group LLC increased their target price on shares of Amarin Corporation PLC from $5.00 to $7.00 and gave the stock a "buy" rating in a report on Friday, June 30th. Analysts assigned mean rating at 1.60 (1.0 = Strong Buy, 5.0 = Sell).

Amarin Corporation plc (AMRN) stock price dropped -15.53% to its 20-day simple moving average, dipped -9.72% to its 50-day simple moving average and -0.20% down to its 200-day simple moving average. About shares traded. Amarin Corporation plc (ADR) (NASDAQ:AMRN) has risen 76.19% since August 10, 2016 and is uptrending.

Amarin Corporation plc (AMRN) changed 2.88 million shares at hands on August 11, 2017 versus to the average volume of 2.45 million shares. Amarin Corporation PLC has a one year low of $2.56 and a one year high of $4.47. Oracle Investment Management Inc who had been investing in Amarin Corp Plc for a number of months, seems to be bullish on the $909.86M market cap company.

In related news, General Counsel Joseph T. Kennedy sold 307,911 shares of Amarin Corporation PLC stock in a transaction that occurred on Monday, July 3rd. The recommendation is based on a 1 to 5 scale where 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell. The sale was disclosed in a document filed with the SEC, which is available at this link.

The company declined -4.19% and closed its last trading session at $3.34.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC raised its stake in shares of Amarin Co. plc by 2.1% in the first quarter. Morgan Stanley raised its stake in shares of Amarin Co. plc by 119.7% in the first quarter. GSA Capital Partners LLP now owns 342,800 shares of the biopharmaceutical company's stock valued at $1,381,000 after buying an additional 197,200 shares during the period. Wells Fargo & Company MN now owns 32,801 shares of the biopharmaceutical company's stock worth $105,000 after buying an additional 1,500 shares during the period. Renaissance Technologies LLC raised its position in shares of Amarin Corporation PLC by 662.8% in the fourth quarter. Ameriprise Financial Inc. now owns 395,769 shares of the biopharmaceutical company's stock worth $1,266,000 after buying an additional 3,413 shares during the period. Oracle Investment Management Inc owns 7.94 million shares or 4.05% of their United States portfolio. The company stock experienced a -3.31% move to arrive at $16.08.

Another recent and important Amarin Corporation plc (ADR) (NASDAQ:AMRN) news was published by which published an article titled: "Why Amarin Corporation plc (ADR) is Moving Higher Today" on August 07, 2015. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & worldwide copyright and trademark legislation.

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