JPMorgan Chase & Co. Sells 385,349 Shares of Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH)

JPMorgan Chase & Co. lowered its holdings in shares of Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH) by 71.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,571 shares of the company’s stock after selling 385,349 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.32% of Amphastar Pharmaceuticals worth $5,702,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMPH. Pacer Advisors Inc. lifted its stake in Amphastar Pharmaceuticals by 51,977.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,350,368 shares of the company’s stock worth $50,139,000 after purchasing an additional 1,347,775 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of Amphastar Pharmaceuticals by 81.4% during the fourth quarter. Boston Trust Walden Corp now owns 978,920 shares of the company’s stock valued at $36,347,000 after buying an additional 439,281 shares during the last quarter. Boston Partners bought a new stake in shares of Amphastar Pharmaceuticals during the fourth quarter valued at approximately $15,778,000. Wealthfront Advisers LLC purchased a new position in Amphastar Pharmaceuticals during the 4th quarter worth $9,268,000. Finally, Raymond James Financial Inc. bought a new stake in Amphastar Pharmaceuticals during the 4th quarter valued at $3,450,000. Institutional investors own 65.09% of the company’s stock.

Insider Buying and Selling at Amphastar Pharmaceuticals

In related news, CFO William J. Peters sold 4,231 shares of Amphastar Pharmaceuticals stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $27.54, for a total value of $116,521.74. Following the completion of the transaction, the chief financial officer now directly owns 97,363 shares in the company, valued at approximately $2,681,377.02. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on AMPH shares. Piper Sandler reduced their target price on Amphastar Pharmaceuticals from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Needham & Company LLC restated a “hold” rating on shares of Amphastar Pharmaceuticals in a research note on Thursday, April 10th.

Amphastar Pharmaceuticals Stock Up 1.6 %

Shares of AMPH opened at $23.35 on Friday. The stock’s 50-day moving average price is $27.78 and its 200-day moving average price is $37.36. Amphastar Pharmaceuticals, Inc. has a 52 week low of $22.64 and a 52 week high of $53.96. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 2.19 and a beta of 0.79. The company has a quick ratio of 2.61, a current ratio of 3.43 and a debt-to-equity ratio of 0.82.

Amphastar Pharmaceuticals Company Profile

Amphastar Pharmaceuticals, Inc, a bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France. It offers BAQSIMI, a nasal spray for the treatment of severe hypoglycemia; Primatene Mist, an over-the-counter epinephrine inhalation product for the temporary relief of mild symptoms of intermittent asthma; Enoxaparin, to prevent and treat deep vein thrombosis; REXTOVY and Naloxone for opioid overdose; Glucagon for injection emergency kit; and Cortrosyn, for use as a diagnostic agent in the screening of patients with adrenocortical insufficiency.