Seth Klarman Gains Stake In Akebia Therapeutics [Forbes]
Akebia Therapeutics, Inc. (AKBA)
Last akebia therapeutics, inc. earnings: 3/10 07:49 am
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Source: Forbes
Legendary investor Seth Klarman Seth Klarman is head of the highly successful hedge fund The Baupost Group LLC. Photographer: Jeenah Moon/Bloomberg © 2018 Bloomberg Finance LP disclosed Thursday that his long-term stake in kidney care company Keryx Biopharmaceuticals closed as it converted into a stake in Akebia Therapeutics upon the merger of the two companies. Klarman’s Baupost portfolio contained 25,791,678 shares of Keryx at third-quarter end, equating to a 21.4% stake in the company. The value investor bought the position over 2014 and the first half of 2015 at lofty prices averaging around $10 to the mid-teens. Its price then dropped around 68% from June 26, 2015, to $3.36 on its final trading day. According to filings, Klarman converted zero coupon convertible notes due 2021 into 35,382,334 shares of the company in exchange for 4 million additional shares of common stock on Dec. 11. The following day, he converted the total holding of 65,374,013
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News
- AVEROA Submits Marketing Authorisation Application to the European Medicines Agency Seeking Approval of AVA1014 for Treating Complications Associated with Chronic Kidney Disease [Yahoo! Finance]Yahoo! Finance
- Akebia Therapeutics, Inc. (NASDAQ: AKBA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Akebia Therapeutics, Inc. (NASDAQ: AKBA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Buy Vafseo's Approval: A New Chapter For Akebia Therapeutics In Anemia Management [Seeking Alpha]Seeking Alpha
- Akebia Therapeutics, Inc. (NASDAQ: AKBA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
AKBA
Earnings
- 3/14/24 - Beat
AKBA
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- AKBA's page on the SEC website