MeiraGTx Holdings plc (NASDAQ:MGTX) CEO Sells $231,878.33 in Stock

MeiraGTx Holdings plc (NASDAQ:MGTX) CEO Alexandria Forbes sold 35,839 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $6.47, for a total value of $231,878.33. Following the completion of the transaction, the chief executive officer now directly owns 1,395,102 shares of the company’s stock, valued at approximately $9,026,309.94. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

MeiraGTx Trading Down 2.4 %

Shares of NASDAQ:MGTX opened at $6.20 on Monday. The business’s 50-day moving average is $6.29 and its 200 day moving average is $5.15. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.34 and a quick ratio of 2.34. MeiraGTx Holdings plc has a 1 year low of $3.85 and a 1 year high of $7.37. The firm has a market capitalization of $484.55 million, a P/E ratio of -5.12 and a beta of 1.26.

Wall Street Analyst Weigh In

A number of brokerages have commented on MGTX. Chardan Capital reiterated a “buy” rating and issued a $36.00 target price on shares of MeiraGTx in a report on Monday, November 18th. Royal Bank of Canada boosted their price objective on shares of MeiraGTx from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th.

Hedge Funds Weigh In On MeiraGTx

Several hedge funds have recently modified their holdings of MGTX. BNP Paribas Financial Markets grew its position in MeiraGTx by 142.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,319 shares of the company’s stock worth $39,000 after purchasing an additional 5,476 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in shares of MeiraGTx by 97.0% during the third quarter. China Universal Asset Management Co. Ltd. now owns 14,886 shares of the company’s stock worth $62,000 after buying an additional 7,330 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of MeiraGTx by 19.0% during the second quarter. The Manufacturers Life Insurance Company now owns 17,763 shares of the company’s stock valued at $75,000 after buying an additional 2,839 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of MeiraGTx in the 3rd quarter valued at $82,000. Finally, Hsbc Holdings PLC increased its position in shares of MeiraGTx by 100.9% in the 2nd quarter. Hsbc Holdings PLC now owns 23,954 shares of the company’s stock valued at $102,000 after acquiring an additional 12,029 shares during the period. Institutional investors and hedge funds own 67.48% of the company’s stock.

MeiraGTx Company Profile

MeiraGTx Holdings plc, a clinical stage gene therapy company, focusing on developing treatments for patients with serious diseases. The company develops various therapies for ocular diseases, including inherited retinal diseases and large degenerative ocular diseases, neurodegenerative diseases, and xerostomia.