Dimensional Fund Advisors LP acquired a new stake in shares of Proteostasis Therapeutics Inc (NASDAQ:PTI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 63,153 shares of the company’s stock, valued at approximately $296,000. Dimensional Fund Advisors LP owned approximately 0.25% of Proteostasis Therapeutics as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in shares of Proteostasis Therapeutics by 17.3% in the 1st quarter. Bank of New York Mellon Corp now owns 34,964 shares of the company’s stock worth $273,000 after purchasing an additional 5,153 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Proteostasis Therapeutics in the 2nd quarter worth $127,000. FMR LLC increased its holdings in shares of Proteostasis Therapeutics by 2.3% in the 2nd quarter. FMR LLC now owns 2,944,915 shares of the company’s stock worth $13,782,000 after purchasing an additional 66,111 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Proteostasis Therapeutics by 6.2% in the 2nd quarter. Jennison Associates LLC now owns 2,075,439 shares of the company’s stock worth $9,713,000 after purchasing an additional 120,575 shares in the last quarter. 68.08% of the stock is owned by institutional investors.
PTI has been the subject of a number of research analyst reports. Leerink Swann reissued an “outperform” rating and issued a $9.00 target price (down previously from $17.00) on shares of Proteostasis Therapeutics in a report on Wednesday, August 16th. Zacks Investment Research lowered Proteostasis Therapeutics from a “hold” rating to a “sell” rating in a report on Saturday, November 18th.
Proteostasis Therapeutics Inc (PTI) opened at $2.48 on Thursday. Proteostasis Therapeutics Inc has a 52 week low of $1.41 and a 52 week high of $16.67.
Proteostasis Therapeutics (NASDAQ:PTI) last released its quarterly earnings results on Tuesday, November 14th. The company reported ($0.56) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.72) by $0.16. The firm had revenue of $1.55 million for the quarter, compared to the consensus estimate of $1.38 million. Proteostasis Therapeutics had a negative return on equity of 93.15% and a negative net margin of 712.49%. sell-side analysts anticipate that Proteostasis Therapeutics Inc will post -2.47 EPS for the current fiscal year.
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Proteostasis Therapeutics Profile
Proteostasis Therapeutics, Inc is a biopharmaceutical company. The Company is engaged in discovery and development of therapeutics that treat diseases caused by an imbalance in the proteostasis network, a set of pathways that control protein biosynthesis, folding, trafficking and clearance. It has developed the Disease Relevant Translation (DRT) technology platform, a drug screening approach for identifying highly translatable therapeutics based on predictive and functionally pertinent phenotypic assays and disease relevant models.
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