Bank of Montreal Can boosted its stake in shares of Myokardia Inc (NASDAQ:MYOK) by 4,978.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,082 shares of the biotechnology company’s stock after acquiring an additional 27,529 shares during the quarter. Bank of Montreal Can’s holdings in Myokardia were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MYOK. Advisor Group Inc. lifted its position in Myokardia by 172.0% during the 4th quarter. Advisor Group Inc. now owns 514 shares of the biotechnology company’s stock worth $25,000 after acquiring an additional 325 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Myokardia by 309.1% in the 1st quarter. Meeder Asset Management Inc. now owns 540 shares of the biotechnology company’s stock valued at $28,000 after buying an additional 408 shares during the period. Group One Trading L.P. acquired a new stake in shares of Myokardia in the 4th quarter valued at approximately $31,000. Great West Life Assurance Co. Can lifted its holdings in shares of Myokardia by 27.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 4,188 shares of the biotechnology company’s stock valued at $197,000 after buying an additional 912 shares during the period. Finally, Amalgamated Bank acquired a new stake in shares of Myokardia in the 4th quarter valued at approximately $245,000. 79.88% of the stock is owned by institutional investors.
In related news, CFO Taylor C. Harris sold 1,324 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $53.30, for a total value of $70,569.20. Following the completion of the transaction, the chief financial officer now directly owns 3,750 shares of the company’s stock, valued at approximately $199,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.70% of the company’s stock.
MYOK opened at $49.99 on Wednesday. The company has a market capitalization of $2.30 billion, a PE ratio of -28.40 and a beta of 2.32. Myokardia Inc has a 12 month low of $39.01 and a 12 month high of $67.79.
Myokardia (NASDAQ:MYOK) last posted its quarterly earnings results on Thursday, May 9th. The biotechnology company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Myokardia had a negative net margin of 201.81% and a negative return on equity of 19.98%. Sell-side analysts anticipate that Myokardia Inc will post -3.5 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Bank of Montreal Can Buys 27,529 Shares of Myokardia Inc (MYOK)” was first posted by WKRB News and is the property of of WKRB News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.wkrb13.com/2019/05/22/bank-of-montreal-can-buys-27529-shares-of-myokardia-inc-myok.html.
MyoKardia, Inc, a clinical stage biopharmaceutical company, discovers, develops, and commercializes targeted therapies for the treatment of serious and neglected rare cardiovascular diseases. Its lead product candidate is mavacamten, an orally administered small molecule, which is in Phase III clinical trial that is designed to reduce left ventricular contractility to alleviate the functional consequences and symptoms of obstructive hypertrophic cardiomyopathy (HCM) and prevent or reverse HCM progression, as well as in Phase II clinical trial for non-obstructive HCM.
Recommended Story: What causes a recession?
Want to see what other hedge funds are holding MYOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Myokardia Inc (NASDAQ:MYOK).
Receive News & Ratings for Myokardia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Myokardia and related companies with MarketBeat.com's FREE daily email newsletter.