AMAG Pharmaceuticals, Inc. (AMAG) Trading Down 2.8%

Shares of AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) dropped 2.8% during trading on Tuesday . The stock traded as low as $13.15 and last traded at $14.45. Approximately 978,000 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 1,125,797 shares. The stock had previously closed at $14.05.

Several brokerages have recently issued reports on AMAG. Cantor Fitzgerald restated a “hold” rating and set a $21.00 target price on shares of AMAG Pharmaceuticals in a research report on Thursday, September 28th. Cowen and Company reiterated a “hold” rating on shares of AMAG Pharmaceuticals in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of AMAG Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Janney Montgomery Scott restated a “hold” rating on shares of AMAG Pharmaceuticals in a research note on Tuesday, October 17th. Finally, Morgan Stanley dropped their price objective on shares of AMAG Pharmaceuticals from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.00.

The company has a current ratio of 1.59, a quick ratio of 1.48 and a debt-to-equity ratio of 0.94.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of AMAG Pharmaceuticals by 67,790.9% during the first quarter. BlackRock Inc. now owns 4,995,412 shares of the specialty pharmaceutical company’s stock worth $112,647,000 after buying an additional 4,988,054 shares in the last quarter. Vanguard Group Inc. boosted its holdings in AMAG Pharmaceuticals by 6.1% in the first quarter. Vanguard Group Inc. now owns 3,085,348 shares of the specialty pharmaceutical company’s stock worth $69,576,000 after purchasing an additional 176,832 shares during the period. State Street Corp boosted its holdings in AMAG Pharmaceuticals by 10.6% in the second quarter. State Street Corp now owns 2,789,932 shares of the specialty pharmaceutical company’s stock worth $51,336,000 after purchasing an additional 267,873 shares during the period. Dimensional Fund Advisors LP boosted its holdings in AMAG Pharmaceuticals by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,215,249 shares of the specialty pharmaceutical company’s stock worth $22,361,000 after purchasing an additional 189,576 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in AMAG Pharmaceuticals by 17.8% in the second quarter. Gotham Asset Management LLC now owns 800,055 shares of the specialty pharmaceutical company’s stock worth $14,721,000 after purchasing an additional 121,137 shares during the period.

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AMAG Pharmaceuticals Company Profile

AMAG Pharmaceuticals, Inc is a pharmaceutical company. The Company’s segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); services related to the collection, processing and storage of umbilical cord blood stem cell and cord tissue units operated through Cord Blood Registry (CBR); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse.

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