Columbus Circle Investors Raises Position in Aerie Pharmaceuticals (AERI)

Columbus Circle Investors increased its position in shares of Aerie Pharmaceuticals (NASDAQ:AERI) by 6.4% in the 1st quarter, Holdings Channel reports. The firm owned 631,047 shares of the company’s stock after acquiring an additional 37,961 shares during the period. Columbus Circle Investors’ holdings in Aerie Pharmaceuticals were worth $34,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AERI. QS Investors LLC acquired a new position in shares of Aerie Pharmaceuticals in the fourth quarter worth $125,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Aerie Pharmaceuticals in the fourth quarter worth $176,000. Bamco Inc. NY raised its holdings in shares of Aerie Pharmaceuticals by 19.4% in the fourth quarter. Bamco Inc. NY now owns 7,351 shares of the company’s stock worth $439,000 after acquiring an additional 1,195 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Aerie Pharmaceuticals by 47.5% in the third quarter. California Public Employees Retirement System now owns 7,525 shares of the company’s stock worth $366,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Aerie Pharmaceuticals in the fourth quarter worth $617,000. 97.57% of the stock is owned by hedge funds and other institutional investors.

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A number of research firms have recently weighed in on AERI. Cantor Fitzgerald set a $86.00 price target on Aerie Pharmaceuticals and gave the stock a “buy” rating in a report on Tuesday, May 8th. Canaccord Genuity set a $86.00 price target on Aerie Pharmaceuticals and gave the stock a “buy” rating in a report on Tuesday. BidaskClub cut Aerie Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, May 11th. HC Wainwright set a $78.00 price target on Aerie Pharmaceuticals and gave the stock a “buy” rating in a report on Wednesday, May 9th. Finally, Mizuho cut their price target on Aerie Pharmaceuticals to $77.00 and set a “buy” rating for the company in a report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $77.92.

Shares of NASDAQ:AERI opened at $51.15 on Friday. The company has a quick ratio of 13.53, a current ratio of 13.57 and a debt-to-equity ratio of 0.52. Aerie Pharmaceuticals has a 52 week low of $50.38 and a 52 week high of $51.40.

Aerie Pharmaceuticals (NASDAQ:AERI) last announced its quarterly earnings data on Tuesday, May 8th. The company reported ($0.83) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.87) by $0.04. equities analysts anticipate that Aerie Pharmaceuticals will post -3.75 EPS for the current fiscal year.

About Aerie Pharmaceuticals

Aerie Pharmaceuticals, Inc, an ophthalmic pharmaceutical company, focuses on the discovery, development, and commercialization of first-in-class therapies for the treatment of glaucoma and other eye diseases. Its lead product is Rhopressa, a once-daily eye drop to reduce elevated intraocular pressure (IOP) in patients with glaucoma or ocular hypertension.

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Institutional Ownership by Quarter for Aerie Pharmaceuticals (NASDAQ:AERI)

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