Siga Technologies Inc. $SIGA Shares Sold by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. reduced its holdings in Siga Technologies Inc. by 38.5% during Q2, now owning approximately 136,457 shares valued at $890,000.
• Despite Harbor's stake reduction, other institutional investors showed increased interest, with Hotchkis & Wiley Capital Management expanding their stake by 52.9% in Q1.
• Analyst ratings for Siga Technologies have improved, with Wall Street Zen upgrading the stock from a "hold" to a "strong-buy" on August 9.

Harbor Capital Advisors Inc. cut its position in shares of Siga Technologies Inc. (NASDAQ:SIGA - Free Report) by 38.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,457 shares of the company's stock after selling 85,555 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.19% of Siga Technologies worth $890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC lifted its holdings in Siga Technologies by 52.9% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,158,320 shares of the company's stock valued at $17,308,000 after buying an additional 1,093,080 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Siga Technologies by 7.8% in the 1st quarter. American Century Companies Inc. now owns 1,370,660 shares of the company's stock valued at $7,511,000 after purchasing an additional 98,688 shares in the last quarter. Uniplan Investment Counsel Inc. raised its holdings in shares of Siga Technologies by 0.7% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 504,561 shares of the company's stock valued at $2,765,000 after purchasing an additional 3,572 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Siga Technologies by 6.0% in the 4th quarter. Northern Trust Corp now owns 464,808 shares of the company's stock valued at $2,793,000 after purchasing an additional 26,344 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in shares of Siga Technologies by 1.4% in the 1st quarter. Foundry Partners LLC now owns 447,783 shares of the company's stock valued at $2,454,000 after purchasing an additional 6,054 shares in the last quarter. Institutional investors own 55.40% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Siga Technologies from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th.

Siga Technologies Price Performance

NASDAQ:SIGA traded down $0.09 during trading hours on Friday, hitting $8.78. 828,222 shares of the company were exchanged, compared to its average volume of 492,450. The stock has a market capitalization of $628.74 million, a price-to-earnings ratio of 7.77 and a beta of 0.95. Siga Technologies Inc. has a 52-week low of $4.95 and a 52-week high of $9.62. The company's 50 day moving average price is $8.05 and its 200-day moving average price is $6.71.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.49 earnings per share for the quarter. The company had revenue of $81.12 million for the quarter. Siga Technologies had a net margin of 45.73% and a return on equity of 40.52%. On average, equities analysts predict that Siga Technologies Inc. will post 1.04 earnings per share for the current year.

Siga Technologies Profile

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.