Teachers Advisors LLC raised its stake in shares of Acorda Therapeutics (NASDAQ:ACOR) by 12.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 88,694 shares of the biopharmaceutical company’s stock after buying an additional 10,106 shares during the period. Teachers Advisors LLC owned about 0.19% of Acorda Therapeutics worth $1,902,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACOR. Nationwide Fund Advisors raised its stake in shares of Acorda Therapeutics by 25.7% during the 3rd quarter. Nationwide Fund Advisors now owns 146,207 shares of the biopharmaceutical company’s stock valued at $3,458,000 after buying an additional 29,891 shares during the last quarter. American International Group Inc. raised its stake in shares of Acorda Therapeutics by 5.6% during the 3rd quarter. American International Group Inc. now owns 34,712 shares of the biopharmaceutical company’s stock valued at $821,000 after buying an additional 1,839 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Acorda Therapeutics by 11.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,655,959 shares of the biopharmaceutical company’s stock valued at $62,813,000 after buying an additional 283,091 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Acorda Therapeutics during the 3rd quarter valued at about $541,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Acorda Therapeutics by 7.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 302,836 shares of the biopharmaceutical company’s stock valued at $6,496,000 after buying an additional 20,148 shares during the last quarter.
Shares of Acorda Therapeutics stock opened at $23.35 on Tuesday. The company has a current ratio of 3.07, a quick ratio of 2.81 and a debt-to-equity ratio of 0.64. Acorda Therapeutics has a twelve month low of $13.60 and a twelve month high of $29.60.
In related news, insider David Lawrence sold 31,000 shares of Acorda Therapeutics stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $27.58, for a total value of $854,980.00. Following the completion of the transaction, the insider now owns 5,275 shares in the company, valued at approximately $145,484.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 7.90% of the stock is owned by insiders.
ACOR has been the subject of a number of recent research reports. JPMorgan Chase reiterated a “hold” rating on shares of Acorda Therapeutics in a research note on Tuesday, January 9th. Zacks Investment Research lowered Acorda Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. HC Wainwright reiterated a “buy” rating and set a $31.00 price objective (down previously from $34.00) on shares of Acorda Therapeutics in a research note on Wednesday, January 17th. Oppenheimer lifted their price objective on Acorda Therapeutics from $18.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 31st. Finally, Goldman Sachs upgraded Acorda Therapeutics from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Acorda Therapeutics has a consensus rating of “Hold” and an average price target of $21.83.
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Acorda Therapeutics Company Profile
Acorda Therapeutics, Inc, a biopharmaceutical company, identifies, develops, and commercializes therapies for neurological disorders in the United States. The company markets Ampyra (dalfampridine), an oral drug to improve walking in patients with multiple sclerosis (MS); and Qutenza, a dermal patch for the management of neuropathic pain associated with post-herpetic neuralgia.
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