Charles Schwab Investment Management Inc. trimmed its stake in Siga Technologies Inc. (NASDAQ:SIGA - Free Report) by 21.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 360,784 shares of the company's stock after selling 101,404 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.51% of Siga Technologies worth $1,977,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Corton Capital Inc. acquired a new stake in shares of Siga Technologies in the first quarter worth $58,000. Sherbrooke Park Advisers LLC bought a new position in Siga Technologies during the 4th quarter valued at $83,000. EP Wealth Advisors LLC boosted its stake in Siga Technologies by 14.5% during the 4th quarter. EP Wealth Advisors LLC now owns 13,887 shares of the company's stock valued at $83,000 after acquiring an additional 1,755 shares during the last quarter. ProShare Advisors LLC boosted its stake in Siga Technologies by 26.6% during the 4th quarter. ProShare Advisors LLC now owns 16,424 shares of the company's stock valued at $99,000 after acquiring an additional 3,455 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in Siga Technologies during the 1st quarter valued at $119,000. 55.40% of the stock is currently owned by hedge funds and other institutional investors.
Siga Technologies Price Performance
Shares of SIGA traded down $0.07 during mid-day trading on Friday, hitting $8.42. The company's stock had a trading volume of 383,355 shares, compared to its average volume of 585,930. Siga Technologies Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $9.62. The firm has a 50-day moving average price of $7.63 and a 200 day moving average price of $6.49. The stock has a market capitalization of $602.96 million, a price-to-earnings ratio of 7.45 and a beta of 0.95.
Siga Technologies (NASDAQ:SIGA - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.49 EPS for the quarter. Siga Technologies had a net margin of 45.73% and a return on equity of 40.52%. The company had revenue of $81.12 million during the quarter. As a group, equities analysts anticipate that Siga Technologies Inc. will post 1.04 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Siga Technologies from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th.
Check Out Our Latest Stock Analysis on SIGA
Siga Technologies Profile
(
Free Report)
SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.
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