Sphera Funds Management LTD. Invests $4.03 Million in AC Immune SA (ACIU) Stock

Sphera Funds Management LTD. purchased a new position in shares of AC Immune SA (NASDAQ:ACIU) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 503,563 shares of the company’s stock, valued at approximately $4,029,000.

Other institutional investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D bought a new position in AC Immune during the third quarter worth about $626,000. Compagnie Lombard Odier SCmA boosted its holdings in shares of AC Immune by 858.3% during the third quarter. Compagnie Lombard Odier SCmA now owns 33,539 shares of the company’s stock worth $268,000 after acquiring an additional 30,039 shares during the period. Artal Group S.A. boosted its holdings in shares of AC Immune by 25.0% during the third quarter. Artal Group S.A. now owns 750,000 shares of the company’s stock worth $6,000,000 after acquiring an additional 150,000 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of AC Immune by 131.6% during the third quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock worth $418,000 after acquiring an additional 29,720 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in shares of AC Immune during the third quarter worth approximately $142,000. Institutional investors and hedge funds own 29.06% of the company’s stock.

Shares of NASDAQ:ACIU opened at $11.15 on Friday. AC Immune SA has a 12-month low of $7.16 and a 12-month high of $17.40. The company has a market cap of $702.10 million, a PE ratio of -37.17 and a beta of 1.27.

AC Immune (NASDAQ:ACIU) last issued its quarterly earnings data on Tuesday, November 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.04. The company had revenue of $2.34 million during the quarter, compared to analysts’ expectations of $1.71 million. AC Immune had a negative return on equity of 24.14% and a negative net margin of 146.09%. On average, equities research analysts expect that AC Immune SA will post -0.85 EPS for the current year.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded AC Immune from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Wednesday, November 21st. BidaskClub upgraded AC Immune from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. ValuEngine cut AC Immune from a “buy” rating to a “hold” rating in a report on Monday, August 20th. Finally, Leerink Swann assumed coverage on AC Immune in a report on Monday, November 12th. They set an “outperform” rating and a $18.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.25.

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AC Immune Profile

AC Immune SA, a clinical stage biopharmaceutical company, discovers, designs, and develops therapeutic and diagnostic products for prevention, diagnosis, and treatment of neurodegenerative diseases associated with protein misfolding. Its SupraAntigen and Morphomer platforms are designed to generate vaccines, antibodies, and small molecules, which selectively interact with misfolded proteins that are common in a range of neurodegenerative diseases.

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Institutional Ownership by Quarter for AC Immune (NASDAQ:ACIU)

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