VHCP Management II LLC decreased its position in Ocera Therapeutics, Inc. (NASDAQ:OCRX) by 60.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 477,269 shares of the biopharmaceutical company’s stock after selling 740,603 shares during the period. Ocera Therapeutics comprises 0.2% of VHCP Management II LLC’s investment portfolio, making the stock its 20th biggest position. VHCP Management II LLC owned approximately 1.80% of Ocera Therapeutics worth $544,000 at the end of the most recent quarter.
Separately, Hikari Power Ltd increased its holdings in Ocera Therapeutics by 79.7% in the third quarter. Hikari Power Ltd now owns 676,596 shares of the biopharmaceutical company’s stock valued at $771,000 after buying an additional 300,000 shares in the last quarter. 17.69% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Ocera Therapeutics from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. HC Wainwright cut shares of Ocera Therapeutics from a “buy” rating to a “neutral” rating and set a $1.75 price objective for the company. in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $1.69.
Ocera Therapeutics (NASDAQ:OCRX) last released its earnings results on Tuesday, November 14th. The biopharmaceutical company reported ($0.24) EPS for the quarter, hitting analysts’ consensus estimates of ($0.24). equities analysts predict that Ocera Therapeutics, Inc. will post -0.93 earnings per share for the current year.
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About Ocera Therapeutics
Ocera Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on acute and chronic orphan liver diseases. The Company is focused on the development and commercialization of its clinical candidate, OCR-002, for the treatment of hepatic encephalopathy (HE). OCR-002 is a molecule, ornithine phenylacetate, which functions as an ammonia scavenger.
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