Traders Purchase Large Volume of Athenex Call Options (NASDAQ:ATNX)

Friday, February 26, 2021 | MarketBeat

Athenex, Inc. (NASDAQ:ATNX) was the target of some unusual options trading activity on Friday. Investors bought 4,855 call options on the stock. This represents an increase of 551% compared to the average daily volume of 746 call options.

Several analysts have commented on the stock. Evercore ISI assumed coverage on shares of Athenex in a research note on Wednesday, February 10th. They set an "outperform" rating for the company. Needham & Company LLC decreased their target price on shares of Athenex from $30.00 to $27.00 and set a "buy" rating for the company in a research note on Thursday, November 5th. Finally, Zacks Investment Research cut shares of Athenex from a "buy" rating to a "hold" rating in a research note on Wednesday, February 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Athenex has a consensus rating of "Buy" and an average target price of $23.40.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Perceptive Advisors LLC increased its holdings in Athenex by 17.3% in the 3rd quarter. Perceptive Advisors LLC now owns 13,532,467 shares of the company's stock worth $161,323,000 after acquiring an additional 2,000,000 shares in the last quarter. BlackRock Inc. increased its holdings in Athenex by 17.6% in the 4th quarter. BlackRock Inc. now owns 6,120,240 shares of the company's stock worth $67,690,000 after acquiring an additional 915,103 shares in the last quarter. Deerfield Management Company L.P. Series C purchased a new stake in Athenex in the 3rd quarter worth $13,915,000. Schonfeld Strategic Advisors LLC increased its holdings in Athenex by 345.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 873,656 shares of the company's stock worth $10,571,000 after acquiring an additional 677,422 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Athenex by 10.9% in the 4th quarter. Northern Trust Corp now owns 814,757 shares of the company's stock worth $9,012,000 after acquiring an additional 80,394 shares in the last quarter. 57.74% of the stock is owned by institutional investors.

Shares of ATNX traded down $0.06 during trading hours on Friday, hitting $11.81. The stock had a trading volume of 99,322 shares, compared to its average volume of 1,046,593. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.43 and a current ratio of 4.87. The firm has a 50-day moving average price of $12.57 and a 200 day moving average price of $12.27. Athenex has a fifty-two week low of $5.63 and a fifty-two week high of $15.24. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -8.23 and a beta of 0.92.

About Athenex

Athenex, Inc, a biopharmaceutical company, engages in the discovery, development, and commercialization of various therapies for the treatment of cancer and related conditions in North America and Asia. It operates in three segments: Oncology Innovation Platform, Global Supply Chain Platform, and Commercial Platform.

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