New Institutional Investor Takes Stake in Alkermes

S&CO Inc., an institutional investor, acquired a new stake in shares of Alkermes plc (NASDAQ:ALKS) in the second quarter. According to its most recent disclosure with the Securities and Exchange Commission, S&CO Inc. purchased 244,760 shares of Alkermes' stock, valued at approximately $12,824,000.

This acquisition represents about 0.15% of Alkermes as of its most recent SEC filing. Other institutional investors have also recently bought and sold shares of the company. For example, Baker BROS. Advisors LP grew its holdings in shares of Alkermes by 23.7% during the fourth quarter.

Research analysts have also been weighing in on Alkermes. JPMorgan Chase & Co., for instance, upped their price objective on Alkermes from $60.00 to $61.00 and gave the stock a 'neutral' rating in a research note on Wednesday, July 29th.

Insiders have also been active in the market. Director Christopher I. Wright sold 2,000 shares of the company's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $45.10, for a total value of $90,200.00.