Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC lifted its holdings in shares of Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE - Free Report) by 24.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,813 shares of the biopharmaceutical company's stock after buying an additional 29,474 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.18% of Ultragenyx Pharmaceutical worth $6,116,000 as of its most recent SEC filing.

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Several other large investors have also made changes to their positions in RARE. Headlands Technologies LLC purchased a new stake in Ultragenyx Pharmaceutical in the 1st quarter valued at $28,000. UMB Bank n.a. raised its position in Ultragenyx Pharmaceutical by 58.1% in the 2nd quarter. UMB Bank n.a. now owns 958 shares of the biopharmaceutical company's stock valued at $39,000 after purchasing an additional 352 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Ultragenyx Pharmaceutical by 622.3% during the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the biopharmaceutical company's stock worth $47,000 after acquiring an additional 865 shares in the last quarter. Van ECK Associates Corp grew its stake in Ultragenyx Pharmaceutical by 34.0% during the 4th quarter. Van ECK Associates Corp now owns 1,578 shares of the biopharmaceutical company's stock worth $75,000 after buying an additional 400 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in Ultragenyx Pharmaceutical by 3,182.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,674 shares of the biopharmaceutical company's stock worth $80,000 after buying an additional 1,623 shares during the last quarter. 97.67% of the stock is owned by institutional investors and hedge funds.

Ultragenyx Pharmaceutical Price Performance

Shares of Ultragenyx Pharmaceutical stock traded down $0.18 on Friday, reaching $56.78. 754,442 shares of the company traded hands, compared to its average volume of 805,332. The company has a 50 day moving average of $47.29 and a 200 day moving average of $45.70. The firm has a market capitalization of $4.72 billion, a PE ratio of -7.07 and a beta of 0.56. Ultragenyx Pharmaceutical Inc. has a 52 week low of $31.52 and a 52 week high of $58.73.

Ultragenyx Pharmaceutical (NASDAQ:RARE - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The biopharmaceutical company reported ($1.52) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.64) by $0.12. The business had revenue of $147.03 million for the quarter, compared to analyst estimates of $123.20 million. Ultragenyx Pharmaceutical had a negative net margin of 121.57% and a negative return on equity of 266.02%. The company's revenue was up 35.7% on a year-over-year basis. During the same quarter last year, the firm earned ($2.25) EPS. As a group, analysts anticipate that Ultragenyx Pharmaceutical Inc. will post -6.24 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wedbush raised their price target on Ultragenyx Pharmaceutical from $43.00 to $46.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Robert W. Baird boosted their target price on Ultragenyx Pharmaceutical from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday, May 31st. Cantor Fitzgerald boosted their target price on Ultragenyx Pharmaceutical from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Canaccord Genuity Group reiterated a "buy" rating and set a $111.00 target price on shares of Ultragenyx Pharmaceutical in a research report on Tuesday, July 23rd. Finally, Wells Fargo & Company upped their price target on Ultragenyx Pharmaceutical from $72.00 to $75.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $87.43.

Get Our Latest Report on RARE

Insider Buying and Selling

In other Ultragenyx Pharmaceutical news, CEO Emil D. Kakkis sold 20,000 shares of Ultragenyx Pharmaceutical stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $50.17, for a total value of $1,003,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,243,985 shares of the company's stock, valued at $112,580,727.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Emil D. Kakkis sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $50.17, for a total transaction of $1,003,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,243,985 shares of the company's stock, valued at $112,580,727.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Corazon (Corsee) D. Sanders sold 1,737 shares of the business's stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $41.10, for a total transaction of $71,390.70. Following the transaction, the director now directly owns 7,248 shares of the company's stock, valued at $297,892.80. The disclosure for this sale can be found here. Insiders have sold 32,127 shares of company stock valued at $1,539,993 over the last quarter. Corporate insiders own 5.80% of the company's stock.

About Ultragenyx Pharmaceutical

Ultragenyx Pharmaceutical Inc, a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of novel products for the treatment of rare and ultra-rare genetic diseases in North America, Latin America, Japan, Europe, and internationally. Its biologic products include Crysvita (burosumab), an antibody targeting fibroblast growth factor 23 for the treatment of X-linked hypophosphatemia, as well as tumor-induced osteomalacia; Mepsevii, an enzyme replacement therapy for the treatment of children and adults with Mucopolysaccharidosis VII; Dojolvi for treating long-chain fatty acid oxidation disorders; and Evkeeza (evinacumab) for the treatment of homozygous familial hypercholesterolemia.

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