Institutional investors now have $91 million stake in MannKind Corporation (MNKD)

MannKind Corporation (NASDAQ:MNKD) marched up 613% compared to a 52-week low price of $1.15. The shares were last seen trading -12.36% lower, taking the closing price at $4.75 on Oct. 17, 2017. At recent session, the prices were hovering between $4.74 and $5.36. This company shares are 47.37% off its target price of $7 and the current market capitalization stands at $565.35M. The recent change has given its price a 96.77% lead over SMA 50 and -31.75% deficit over its 52-week high. The stock witnessed 108.33% gains, 244.2% gains and 324.11% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MNKD’s volatility during a week at 15.12% and during a month it has been found around 17.92%.

MannKind Corporation (MNKD) Top Holders

Institutional investors currently hold around $91 million or 16.1% in MNKD stock. Look at its top three institutional owners. Deerfield Management Co owns $14.65 million in MannKind Corporation, which represents roughly 2.59% of the company’s market cap and approximately 16.1% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 2,539,558 shares of the stock are valued at $13.76 million. The third largest holder is Goldman Sachs Group Inc, which currently holds $11.3 million worth of this stock and that ownership represents nearly 2% of its market capitalization.

MannKind Corporation 13F Filings

At the end of June reporting period, 34 institutional holders increased their position in MannKind Corporation (NASDAQ:MNKD) by some 6,960,236 shares, 59 decreased positions by 8,184,388 and 30 held positions by 1,708,031. That puts total institutional holdings at 16,852,655 shares, according to SEC filings. The stock grabbed 11 new institutional investments totaling 3,983,589 shares while 34 institutional investors sold out their entire positions totaling 1,493,072 shares.

MannKind Corporation (NASDAQ:MNKD) Insider Trades

Multiple company employees have indulged in significant insider trading. MannKind Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Kresa Kent has acquired 166,600 shares of MannKind Corporation (MNKD) in trading session dated Oct. 13, 2017. These shares are worth $999,600 and were traded at $6 each. The SEC filing shows that Urbanski Raymond W. performed a sale of 296 shares. The Corp VP, CMO disposed these shares by way of transaction on Aug. 10, 2017. The company’s shares were given away at $1.15 per share worth to an income of some $340 on account of Urbanski Raymond W..

Director, Pfeffer Matthew J, purchased 2,000 common shares of MannKind Corporation (MNKD) in the open market. In a transaction dated Jun. 30, 2017, the shares were bought at an average price of $1.23, giving away a sum of $2,460. After this purchase, 82,264 common shares of MNKD are directly owned by the insider, with total stake valued at $390,754.

In the transaction dated Jun. 30, 2017, the great number of shares acquired came courtesy the SVP, Investor Relations; Alinaya Rosabel Realica added a total of 2,000 shares at an average price of $1.23, amounting to approximately $2,460. The insider now directly owns 29,786 shares worth $141,484.

MannKind Corporation (MNKD) Analyst Guide

Not many analysts have released their opinion on MannKind Corporation (NASDAQ:MNKD), with 2 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.

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