Amarin Corp PLC (NASDAQ:AMRN) Sentiment Up, Because

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Sentiment for Amarin Corp PLC (NASDAQ:AMRN)

Amarin Corp PLC (NASDAQ:AMRN) institutional sentiment increased to 1.44 in 2018 Q2. Its up 0.39, from 1.05 in 2018Q1. The ratio is better, as 49 active investment managers opened new or increased stock positions, while 34 reduced and sold holdings in Amarin Corp PLC. The active investment managers in our partner’s database now own: 101.63 million shares, down from 113.30 million shares in 2018Q1. Also, the number of active investment managers holding Amarin Corp PLC in their top 10 stock positions decreased from 3 to 2 for a decrease of 1. Sold All: 19 Reduced: 15 Increased: 34 New Position: 15.

Amarin Corporation plc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States. The company has market cap of $5.46 billion. The companyÂ’s lead product is Vascepa, a prescription-only omega-3 fatty acid capsule, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia. It currently has negative earnings. It is also involved in developing Vascepa for the treatment of patients with high triglyceride levels who are also on statin therapy for elevated low-density lipoprotein cholesterol levels.

The stock decreased 6.00% or $1.08 during the last trading session, reaching $16.91. About 5.76 million shares traded. Amarin Corporation plc (NASDAQ:AMRN) has declined 3.76% since December 8, 2017 and is downtrending. It has underperformed by 19.38% the S&P500.

Analysts await Amarin Corporation plc (NASDAQ:AMRN) to report earnings on February, 26. They expect $-0.10 EPS, down 25.00 % or $0.02 from last year’s $-0.08 per share. After $-0.08 actual EPS reported by Amarin Corporation plc for the previous quarter, Wall Street now forecasts 25.00 % negative EPS growth.

Healthcare Value Capital Llc holds 4.38% of its portfolio in Amarin Corporation plc for 500,000 shares. Oracle Investment Management Inc owns 5.26 million shares or 3.93% of their US portfolio. Moreover, Opaleye Management Inc. has 1.4% invested in the company for 1.75 million shares. The New York-based Consonance Capital Management Lp has invested 0.99% in the stock. Baker Bros. Advisors Lp, a New York-based fund reported 22.67 million shares.

Since January 1, 0001, it had 0 insider buys, and 12 insider sales for $35.91 million activity.

Amarin Corporation plc (NASDAQ:AMRN) Ratings Coverage

Ratings analysis reveals 50% of Amarin Corp’s analysts are positive. Out of 2 Wall Street analysts rating Amarin Corp, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $15 while the high is $28. The stock’s average target of $21.50 is 27.14% above today’s ($16.91) share price. AMRN was included in 4 notes of analysts from September 25, 2018. The stock of Amarin Corporation plc (NASDAQ:AMRN) earned “Buy” rating by Citigroup on Tuesday, September 25. As per Tuesday, September 25, the company rating was maintained by Jefferies. Citigroup maintained the shares of AMRN in report on Wednesday, October 17 with “Buy” rating. The company was downgraded on Friday, November 2 by Citigroup.

More notable recent Amarin Corporation plc (NASDAQ:AMRN) news were published by: Investorplace.com which released: “Wednesday’s Vital Data: Macy’s, Amarin and Starbucks – Investorplace.com” on November 14, 2018, also Nasdaq.com with their article: “Amarin to Participate in a Fireside Chat at Citi’s 2018 Global Healthcare Conference – Nasdaq” published on November 28, 2018, Seekingalpha.com published: “Amarin’s U.S. Patent Protection For Vascepa – Seeking Alpha” on November 30, 2018. More interesting news about Amarin Corporation plc (NASDAQ:AMRN) were released by: Nasdaq.com and their article: “Amarin’s Vascepa Cuts Heart Risk in Outcomes Test, Stock Down – Nasdaq” published on November 13, 2018 as well as Nasdaq.com‘s news article titled: “Why Amarin Corporation’s Stock Is on the Mend Today – Nasdaq” with publication date: November 15, 2018.

Amarin Corporation plc (NASDAQ:AMRN) Institutional Positions Chart

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