Emerald Mutual Fund Advisers Trust Makes New $20.64 Million Investment in Arvinas, Inc. (NASDAQ:ARVN)

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Emerald Mutual Fund Advisers Trust purchased a new position in Arvinas, Inc. (NASDAQ:ARVN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 242,978 shares of the company’s stock, valued at approximately $20,636,000. Emerald Mutual Fund Advisers Trust owned about 0.50% of Arvinas at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. FMR LLC boosted its stake in Arvinas by 41.5% in the 2nd quarter. FMR LLC now owns 3,824,462 shares of the company’s stock worth $128,272,000 after buying an additional 1,122,563 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Arvinas by 4.8% in the 3rd quarter. BlackRock Inc. now owns 2,318,537 shares of the company’s stock valued at $54,739,000 after purchasing an additional 106,228 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Arvinas by 194.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,569 shares of the company’s stock valued at $27,144,000 after purchasing an additional 762,484 shares in the last quarter. Boxer Capital LLC acquired a new position in shares of Arvinas in the 3rd quarter valued at about $7,083,000. Finally, Emerald Advisers LLC acquired a new position in shares of Arvinas in the 4th quarter valued at about $21,907,000. 75.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ARVN opened at $77.34 on Tuesday. The company has a market cap of $3.74 billion, a P/E ratio of -30.21 and a beta of 2.14. The stock has a fifty day moving average price of $80.31 and a 200 day moving average price of $39.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.53 and a quick ratio of 6.53. Arvinas, Inc. has a 12 month low of $19.68 and a 12 month high of $92.77.

Arvinas (NASDAQ:ARVN) last announced its quarterly earnings results on Tuesday, November 10th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.68) by ($0.11). Arvinas had a negative return on equity of 46.99% and a negative net margin of 403.77%. The business had revenue of $7.60 million for the quarter, compared to analyst estimates of $5.68 million. As a group, research analysts anticipate that Arvinas, Inc. will post -2.77 earnings per share for the current year.

In other Arvinas news, Director Liam Ratcliffe purchased 142,857 shares of Arvinas stock in a transaction on Friday, December 18th. The stock was bought at an average price of $70.00 per share, for a total transaction of $9,999,990.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 10.99% of the company’s stock.

Several research firms have recently weighed in on ARVN. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Arvinas from $43.00 to $123.00 in a research note on Tuesday, December 15th. Piper Sandler lifted their price objective on Arvinas from $58.00 to $97.00 and gave the company an “overweight” rating in a research note on Monday, December 21st. Smith Barney Citigroup boosted their price target on Arvinas from $43.00 to $123.00 in a research report on Tuesday, December 15th. Oppenheimer boosted their price target on Arvinas from $80.00 to $100.00 in a research report on Tuesday, January 19th. Finally, Wedbush boosted their price target on Arvinas from $62.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, December 14th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $100.08.

About Arvinas

Arvinas, Inc, a clinical-stage biopharmaceutical company, engages in the discovery, development, and commercialization of therapies to degrade disease-causing proteins. The company’s lead products include ARV-110, proteolysis targeting chimeras (PROTAC) that is in phase I clinical trial targeting the androgen receptor (AR) protein for the treatment of men with metastatic castration-resistant prostate cancer; and ARV-471, a PROTAC targeting the estrogen receptor protein for the treatment of patients with metastatic ER positive/HER2 negative breast cancer.

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