Siga Technologies (NASDAQ:SIGA) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Siga Technologies (NASDAQ:SIGA) from a strong-buy rating to a hold rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Siga Technologies in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Siga Technologies Stock Performance

NASDAQ:SIGA opened at $6.00 on Friday. The firm has a market cap of $429.67 million, a P/E ratio of 5.31 and a beta of 0.93. Siga Technologies has a fifty-two week low of $4.95 and a fifty-two week high of $9.62. The firm has a 50-day simple moving average of $8.33 and a two-hundred day simple moving average of $7.39.

Siga Technologies (NASDAQ:SIGA) last issued its earnings results on Thursday, November 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%.The firm had revenue of $2.62 million during the quarter. On average, equities research analysts predict that Siga Technologies will post 1.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Siga Technologies by 52.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,158,320 shares of the company’s stock worth $17,308,000 after purchasing an additional 1,093,080 shares in the last quarter. CSM Advisors LLC purchased a new position in Siga Technologies during the second quarter valued at $2,335,000. Arrowstreet Capital Limited Partnership grew its holdings in Siga Technologies by 44.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 834,683 shares of the company’s stock valued at $7,637,000 after purchasing an additional 255,902 shares during the period. Bank of America Corp DE increased its position in Siga Technologies by 143.2% in the second quarter. Bank of America Corp DE now owns 405,730 shares of the company’s stock worth $2,645,000 after buying an additional 238,869 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Siga Technologies by 744.6% in the third quarter. JPMorgan Chase & Co. now owns 211,055 shares of the company’s stock worth $1,931,000 after buying an additional 186,067 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

About Siga Technologies

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.