Morgan Stanley Decreases Position in Eagle Pharmaceuticals, Inc. (EGRX)

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(NASDAQ:EGRX) by 25.4% during the first quarter, Holdings Channel reports. 384009 shares were traded on Eagle Pharmaceuticals Inc's last session. Finally, Norges Bank acquired a new stake in Eagle Pharmaceuticals during the fourth quarter valued at approximately $5,634,000. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy. Putnam Investments LLC raised its position in shares of Eagle Pharmaceuticals by 16.4% in the fourth quarter. Comerica Bank now owns 8,445 shares of the specialty pharmaceutical company's stock worth $585,000 after buying an additional 415 shares during the last quarter. FMR LLC acquired a new position in shares of Eagle Pharmaceuticals during the fourth quarter valued at about $7,300,000. Mason Street Advisors LLC now owns 1,895 shares of the specialty pharmaceutical company's stock valued at $157,000 after buying an additional 175 shares during the last quarter. Eagle Pharmaceuticals Inc (NASDAQ:EGRX) has risen 79.40% since July 26, 2016 and is uptrending. Municipal Employees Retirement System of MI boosted its position in Eagle Pharmaceuticals by 6.7% in the second quarter. Municipal Employees Retirement System of MI now owns 1,910 shares of the specialty pharmaceutical company's stock valued at $151,000 after buying an additional 120 shares during the last quarter. Eagle Pharmaceuticals has a 52 week low of $42.33 and a 52 week high of $97.15. (NASDAQ:EGRX) opened at 70.04 on Wednesday. The firm has a market capitalization of $816.45 million, a PE ratio of 8.39 and a beta of 1.48. The company's 50-day moving average is $75.97 and its 200-day moving average is $77.70. The firm's revenue for the quarter was up 159.5% compared to the same quarter past year. The specialty pharmaceutical company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by $0.02. During the same quarter in the previous year, the company earned ($0.06) EPS. BNP Paribas Arbitrage SA now owns 1,548 shares of the specialty pharmaceutical company's stock valued at $128,000 after buying an additional 202 shares during the last quarter. Equities research analysts predict that Eagle Pharmaceuticals, Inc. will post $3.66 EPS for the current year.

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EGRX has been the subject of several other reports. Royal Bank Of Canada set a $86.00 target price on Eagle Pharmaceuticals and gave the company a "buy" rating in a research report on Monday, April 24th. Zacks Investment Research raised shares of Eagle Pharmaceuticals from a "sell" rating to a "hold" rating in a research report on Tuesday, May 2nd. Mizuho lowered their price target on shares of Eagle Pharmaceuticals from $66.00 to $57.00 and set an "underperform" rating on the stock in a research report on Thursday, May 25th.

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12/09/2015 - Eagle Pharmaceuticals Inc had its "buy" rating reiterated by analysts at William Blair. Analysts have placed a $91.75 price target on Eagle Pharmaceuticals, Inc., suggesting a 26.03% gain from recent close.

In related news, CFO Pete A. Meyers purchased 350 shares of the business's stock in a transaction that occurred on Monday, June 12th. Following the completion of the transaction, the chief financial officer now directly owns 350 shares of the company's stock, valued at $25,021.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders bought 805 shares of company stock worth $61,790. During the trading on 07/26/2017, Company's stock ranged from $71.880 to $52.215.

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