Hotchkis & Wiley Capital Management LLC Buys 1,093,080 Shares of Siga Technologies Inc. $SIGA

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Siga Technologies Inc. by 52.9%, owning a total of 3,158,320 shares valued at approximately $17.3 million.
• A number of other hedge funds have also significantly increased their holdings in Siga Technologies, indicating growing institutional interest in the company.
• Siga Technologies reported a quarterly EPS of $0.49 and had a revenue of $81.12 million, with analysts predicting an expected EPS of 1.04 for the current year.

Hotchkis & Wiley Capital Management LLC lifted its position in shares of Siga Technologies Inc. (NASDAQ:SIGA - Free Report) by 52.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,158,320 shares of the company's stock after acquiring an additional 1,093,080 shares during the period. Hotchkis & Wiley Capital Management LLC owned 4.42% of Siga Technologies worth $17,308,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. grew its position in Siga Technologies by 6,344.8% in the 1st quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company's stock valued at $54,000 after buying an additional 9,771 shares in the last quarter. Corton Capital Inc. acquired a new position in shares of Siga Technologies in the 1st quarter worth approximately $58,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Siga Technologies in the 4th quarter worth approximately $83,000. EP Wealth Advisors LLC grew its stake in shares of Siga Technologies by 14.5% in the 4th quarter. EP Wealth Advisors LLC now owns 13,887 shares of the company's stock worth $83,000 after purchasing an additional 1,755 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Siga Technologies by 26.6% in the 4th quarter. ProShare Advisors LLC now owns 16,424 shares of the company's stock worth $99,000 after purchasing an additional 3,455 shares during the last quarter. Institutional investors own 55.40% of the company's stock.

Analyst Upgrades and Downgrades

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

Siga Technologies Stock Performance

Shares of NASDAQ SIGA traded down $0.04 during mid-day trading on Thursday, reaching $8.21. The company had a trading volume of 315,001 shares, compared to its average volume of 477,458. The stock has a fifty day moving average of $7.34 and a two-hundred day moving average of $6.38. The company has a market capitalization of $587.92 million, a price-to-earnings ratio of 7.27 and a beta of 0.94. Siga Technologies Inc. has a 12-month low of $4.95 and a 12-month high of $9.62.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter. The business had revenue of $81.12 million during the quarter. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%. Sell-side analysts forecast that Siga Technologies Inc. will post 1.04 earnings per share for the current fiscal 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.