Athersys, Inc. (ATHX) Just Dealt This Major Blow

Athersys, Inc. (NASDAQ:ATHX) recovered 12.4% of its value since hitting low of $1.29. The recent move of -3.33% drop pushed the stock to close at $1.45 when trading ended on 01/11/2019. At recent session, the prices were hovering between $1.44 and $1.55. This company shares are 417.24% off its target price of $7.5 and the current market capitalization stands at $212.6M. The recent change has given its price a -19.35% deficit over SMA 50 and -53.07% deficit over its 52-week high. The stock witnessed -30.29% declines, -29.61% declines and -27.86% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ATHX’s volatility during a week at 5.56% and during a month it has been found around 7.64%.

Athersys, Inc. (ATHX) Top Holders

Institutional investors currently hold around $40 million or 22.7% in ATHX stock. Look at its top three institutional owners. Blackrock Inc. owns $9.82 million in Athersys, Inc., which represents roughly 4.62% of the company’s market cap and approximately 24.54% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 5,707,784 shares of the stock are valued at $8.28 million. The third largest holder is Prudential Plc, which currently holds $6.11 million worth of this stock and that ownership represents nearly 2.87% of its market capitalization.

Athersys, Inc. 13F Filings

At the end of September reporting period, 44 institutional holders increased their position in Athersys, Inc. (NASDAQ:ATHX) by some 2,644,194 shares, 34 decreased positions by 1,115,026 and 37 held positions by 24,123,350. That puts total institutional holdings at 27,882,570 shares, according to SEC filings. The stock grabbed 11 new institutional investments totaling 221,523 shares while 15 institutional investors sold out their entire positions totaling 243,767 shares.

Athersys, Inc. (NASDAQ:ATHX) Insider Trades

Multiple company employees have indulged in significant insider trading. Athersys, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and COO Lehmann William Jr has sold 15,000 shares of Athersys, Inc. (ATHX) in trading session dated Dec. 18, 2018. These shares are worth $25,950 and were traded at $1.73 each. The SEC filing shows that Harrington John J performed a sale of 15,000 shares. The Exec Vice Pres and CSO disposed these shares by way of transaction on Dec. 14, 2018. The company’s shares were given away at $1.93 per share worth to an income of some $28,950 on account of Harrington John J.

President and COO, Lehmann William Jr, sold 15,000 common shares of Athersys, Inc. (ATHX) in the open market. In a transaction dated Sep. 18, 2018, the shares were put up for sale at an average price of $1.88, raking in a sum of $28,200. After this sale, 502,373 common shares of ATHX are directly owned by the insider, with total stake valued at $728,441.

In the transaction dated Sep. 14, 2018, the great number of shares disposed came courtesy the Exec Vice Pres and CSO; Harrington John J disposed a total of 15,000 shares at an average price of $1.91, amounting to approximately $28,650. The insider now directly owns 667,770 shares worth $968,267.

Athersys, Inc. (ATHX) Analyst Guide

Several analysts have released their opinion on Athersys, Inc. (NASDAQ:ATHX), with 2 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.5 average brokerage recommendation.