Alps Advisors Inc. bought a new position in Heron Therapeutics Inc (NASDAQ:HRTX) during the 4th quarter, HoldingsChannel reports. The fund bought 60,398 shares of the biotechnology company’s stock, valued at approximately $1,093,000.

A number of other hedge funds have also recently modified their holdings of HRTX. Perceptive Advisors LLC acquired a new position in Heron Therapeutics in the 3rd quarter worth about $5,329,000. Vanguard Group Inc. increased its position in Heron Therapeutics by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,096,465 shares of the biotechnology company’s stock worth $29,036,000 after purchasing an additional 221,362 shares during the last quarter. Rubric Capital Management LP increased its position in Heron Therapeutics by 11.8% in the 3rd quarter. Rubric Capital Management LP now owns 1,900,000 shares of the biotechnology company’s stock worth $30,685,000 after purchasing an additional 200,000 shares during the last quarter. Chartwell Investment Partners LLC acquired a new position in Heron Therapeutics in the 3rd quarter worth about $2,340,000. Finally, Janus Henderson Group PLC increased its position in Heron Therapeutics by 2.2% in the 3rd quarter. Janus Henderson Group PLC now owns 5,767,495 shares of the biotechnology company’s stock worth $93,145,000 after purchasing an additional 126,039 shares during the last quarter. 98.37% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on the company. ValuEngine raised Heron Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub lowered Heron Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised Heron Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Oppenheimer reaffirmed a “buy” rating and issued a $27.00 target price on shares of Heron Therapeutics in a research report on Friday, November 10th. Finally, Cantor Fitzgerald set a $31.00 target price on Heron Therapeutics and gave the stock a “buy” rating in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.82.

In other news, VP Kimberly Manhard sold 7,584 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $20.00, for a total transaction of $151,680.00. Following the completion of the sale, the vice president now owns 7,584 shares in the company, valued at approximately $151,680. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 19.93% of the company’s stock.

Shares of Heron Therapeutics Inc (NASDAQ:HRTX) opened at $20.50 on Friday. The stock has a market capitalization of $1,130.00, a PE ratio of -5.41 and a beta of 1.87. Heron Therapeutics Inc has a 52 week low of $12.70 and a 52 week high of $24.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.02 and a current ratio of 2.12.

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About Heron Therapeutics

Heron Therapeutics, Inc is a biotechnology company engaged in developing pharmaceutical products for patients suffering from cancer or pain. The Company’s product candidates include SUSTOL, HTX-019 and HTX-011. All of its product candidates utilize science and technology platforms, including its Biochronomer drug delivery technology.

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Institutional Ownership by Quarter for Heron Therapeutics (NASDAQ:HRTX)

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