Hedge Funds Now Own 19.5% Of MannKind Corporation

[mnholdem]

Hedge Funds Now Own 19.5% Of MannKind Corporation (MNKD)

June 25, 2018

Excerpts:

MannKind Corporation (NASDAQ:MNKD) has made a 85.25% comeback from a 12-month low price of $1.09. It was seen 2.55% higher, changing the price to $2.01, when the closing bell rang on 06/22/2018. At recent session, the prices were hovering between $1.87 and $2.03. This company shares are 49.25% off its target price of $3 and the current market capitalization stands at $287.25M. The recent change has given its price a 8.77% lead over SMA 50 and -71.12% deficit over its 52-week high. The stock witnessed 3.61% gains, -19.92% declines and -11.84% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MNKD’s volatility during a week at 5.81% and during a month it has been found around 4.52%.

MannKind Corporation (MNKD) Top Holders
Institutional investors currently hold around $53 million or 19.5% in MNKD stock. Look at its top three institutional owners. D. E. Shaw & Co., Inc. owns $9.78 million in MannKind Corporation, which represents roughly 3.4% of the company’s market cap and approximately 18.45% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 4,589,397 shares of the stock are valued at $9 million. The third largest holder is Blackrock Inc., which currently holds $6.83 million worth of this stock and that ownership represents nearly 2.38% of its market capitalization.

MannKind Corporation 13F Filings
At the end of March reporting period, 50 institutional holders increased their position in MannKind Corporation (NASDAQ:MNKD) by some 7,382,804 shares, 45 decreased positions by 3,739,795 and 32 held positions by 16,101,721. That puts total institutional holdings at 27,224,320 shares, according to SEC filings. The stock grabbed 27 new institutional investments totaling 3,626,216 shares while 20 institutional investors sold out their entire positions totaling 199,700 shares.

Source: postanalyst.com/2018/06/25/hedge-funds-now-own-19-5-of-mannkind-corporation-mnkd/

[traderdennis]

Jun 26, 2018 4:47:33 GMT -5 mnholdem said:

Hedge Funds Now Own 19.5% Of MannKind Corporation (MNKD)

June 25, 2018

Excerpts:

MannKind Corporation (NASDAQ:MNKD) has made a 85.25% comeback from a 12-month low price of $1.09. It was seen 2.55% higher, changing the price to $2.01, when the closing bell rang on 06/22/2018. At recent session, the prices were hovering between $1.87 and $2.03. This company shares are 49.25% off its target price of $3 and the current market capitalization stands at $287.25M. The recent change has given its price a 8.77% lead over SMA 50 and -71.12% deficit over its 52-week high. The stock witnessed 3.61% gains, -19.92% declines and -11.84% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MNKD’s volatility during a week at 5.81% and during a month it has been found around 4.52%.

MannKind Corporation (MNKD) Top Holders
Institutional investors currently hold around $53 million or 19.5% in MNKD stock. Look at its top three institutional owners. D. E. Shaw & Co., Inc. owns $9.78 million in MannKind Corporation, which represents roughly 3.4% of the company’s market cap and approximately 18.45% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 4,589,397 shares of the stock are valued at $9 million. The third largest holder is Blackrock Inc., which currently holds $6.83 million worth of this stock and that ownership represents nearly 2.38% of its market capitalization.

MannKind Corporation 13F Filings
At the end of March reporting period, 50 institutional holders increased their position in MannKind Corporation (NASDAQ:MNKD) by some 7,382,804 shares, 45 decreased positions by 3,739,795 and 32 held positions by 16,101,721. That puts total institutional holdings at 27,224,320 shares, according to SEC filings. The stock grabbed 27 new institutional investments totaling 3,626,216 shares while 20 institutional investors sold out their entire positions totaling 199,700 shares.

Source: postanalyst.com/2018/06/25/hedge-funds-now-own-19-5-of-mannkind-corporation-mnkd/

and the stock price is down over 70 percent from its 52 week high. Plus the company is getting ready to dilute at its investor conference right after ADA.