Nantkwest Inc (NK) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in shares of Nantkwest Inc (NASDAQ:NK) by 1,110.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,572 shares of the biotechnology company’s stock after acquiring an additional 25,295 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Nantkwest were worth $210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Nantkwest by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 2,082,706 shares of the biotechnology company’s stock valued at $7,394,000 after buying an additional 160,510 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Nantkwest by 1,884.1% during the 1st quarter. Renaissance Technologies LLC now owns 486,100 shares of the biotechnology company’s stock valued at $1,726,000 after buying an additional 461,600 shares in the last quarter. State Street Corp raised its holdings in shares of Nantkwest by 52.9% during the 2nd quarter. State Street Corp now owns 341,007 shares of the biotechnology company’s stock valued at $2,589,000 after buying an additional 117,946 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Nantkwest by 67.8% during the 2nd quarter. Northern Trust Corp now owns 304,062 shares of the biotechnology company’s stock valued at $2,308,000 after buying an additional 122,906 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Nantkwest by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 256,699 shares of the biotechnology company’s stock valued at $911,000 after buying an additional 18,685 shares in the last quarter. 19.14% of the stock is currently owned by institutional investors.

Nantkwest Inc (NASDAQ NK) opened at $4.95 on Monday. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.01. Nantkwest Inc has a 12 month low of $2.71 and a 12 month high of $8.45.

In other Nantkwest news, Director Steve Gorlin sold 103,841 shares of Nantkwest stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $6.04, for a total value of $627,199.64. Following the transaction, the director now directly owns 375,002 shares of the company’s stock, valued at approximately $2,265,012.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 70.19% of the stock is owned by insiders.

NK has been the topic of a number of research reports. Zacks Investment Research raised Nantkwest from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a report on Tuesday, November 14th. Citigroup set a $3.00 price target on Nantkwest and gave the stock a “sell” rating in a research note on Monday, August 14th. Finally, BidaskClub cut Nantkwest from a “sell” rating to a “strong sell” rating in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $5.13.

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About Nantkwest

Institutional Ownership by Quarter for Nantkwest (NASDAQ:NK)

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