New York State Common Retirement Fund lessened its position in Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL – Free Report) by 12.1% during the 4th quarter, Holdings Channel reports. The firm owned 40,815 shares of the biopharmaceutical company’s stock after selling 5,630 shares during the quarter. New York State Common Retirement Fund’s holdings in Madrigal Pharmaceuticals were worth $12,594,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in MDGL. Erste Asset Management GmbH bought a new position in Madrigal Pharmaceuticals during the 3rd quarter valued at about $49,749,000. Paulson & CO. Inc. increased its holdings in shares of Madrigal Pharmaceuticals by 10.4% during the third quarter. Paulson & CO. Inc. now owns 2,042,000 shares of the biopharmaceutical company’s stock worth $433,353,000 after buying an additional 192,000 shares in the last quarter. Braidwell LP bought a new position in shares of Madrigal Pharmaceuticals in the third quarter valued at approximately $39,010,000. State Street Corp raised its stake in shares of Madrigal Pharmaceuticals by 19.2% in the third quarter. State Street Corp now owns 887,752 shares of the biopharmaceutical company’s stock valued at $188,399,000 after acquiring an additional 143,038 shares during the last quarter. Finally, RTW Investments LP boosted its holdings in shares of Madrigal Pharmaceuticals by 4.1% in the 3rd quarter. RTW Investments LP now owns 1,993,687 shares of the biopharmaceutical company’s stock worth $423,100,000 after acquiring an additional 77,825 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.
Madrigal Pharmaceuticals Stock Performance
Shares of Madrigal Pharmaceuticals stock opened at $322.14 on Tuesday. The firm has a fifty day moving average of $320.09 and a two-hundred day moving average of $282.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.93 and a current ratio of 5.98. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of -12.84 and a beta of -0.38. Madrigal Pharmaceuticals, Inc. has a 52 week low of $189.00 and a 52 week high of $368.29.
Analyst Ratings Changes
Read Our Latest Stock Report on Madrigal Pharmaceuticals
Insider Buying and Selling
In other Madrigal Pharmaceuticals news, VP Robert E. Waltermire sold 103 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $335.24, for a total transaction of $34,529.72. Following the transaction, the vice president now owns 4,955 shares in the company, valued at approximately $1,661,114.20. This trade represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Rebecca Taub sold 648 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $335.24, for a total value of $217,235.52. Following the completion of the sale, the chief marketing officer now directly owns 456,662 shares of the company’s stock, valued at approximately $153,091,368.88. This trade represents a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,690 shares of company stock valued at $2,692,601 over the last three months. Company insiders own 22.80% of the company’s stock.
Madrigal Pharmaceuticals Company Profile
Madrigal Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the development of therapeutics for the treatment of non-alcoholic steatohepatitis (NASH) in the United States. Its lead product candidate is resmetirom, a liver-directed thyroid hormone receptor beta agonist, which is in Phase 3 clinical trials for treating NASH.
Read More
- Five stocks we like better than Madrigal Pharmaceuticals
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Finding Hidden Gems: Unconventional Penny Stock Investing
- Consumer Staples Stocks, Explained
- Price Targets on NVIDIA Rise in Front of Earnings
- Compound Interest and Why It Matters When Investing
- Archer Aviation Stock Skids: Mistaking Progress for Bad News?
Want to see what other hedge funds are holding MDGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL – Free Report).
Receive News & Ratings for Madrigal Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Madrigal Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.