Weiss Multi Strategy Advisers LLC Buys New Holdings in Valeritas Holdings Inc (VLRX)

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Weiss Multi Strategy Advisers LLC bought a new stake in Valeritas Holdings Inc (NASDAQ:VLRX) during the fourth quarter, HoldingsChannel.com reports. The fund bought 125,000 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in Valeritas by 730.3% in the third quarter. Renaissance Technologies LLC now owns 163,650 shares of the company’s stock valued at $218,000 after acquiring an additional 143,940 shares during the last quarter. Northern Trust Corp boosted its holdings in Valeritas by 855.4% in the fourth quarter. Northern Trust Corp now owns 185,469 shares of the company’s stock valued at $60,000 after acquiring an additional 166,057 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Valeritas by 138.0% in the fourth quarter. Geode Capital Management LLC now owns 186,971 shares of the company’s stock valued at $60,000 after acquiring an additional 108,416 shares during the last quarter. Finally, CVI Holdings LLC acquired a new position in Valeritas in the fourth quarter valued at $832,000.

VLRX has been the topic of a number of recent research reports. Oppenheimer restated a “buy” rating on shares of Valeritas in a research note on Monday, January 14th. BTIG Research initiated coverage on Valeritas in a research note on Tuesday, December 4th. They set a “buy” rating and a $1.00 price objective on the stock. Finally, Zacks Investment Research upgraded Valeritas from a “hold” rating to a “buy” rating and set a $0.50 price objective on the stock in a research note on Saturday, February 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Valeritas has a consensus rating of “Buy” and a consensus target price of $2.10.

Shares of VLRX opened at $0.34 on Friday. Valeritas Holdings Inc has a 12 month low of $0.30 and a 12 month high of $4.58. The company has a quick ratio of 3.98, a current ratio of 4.47 and a debt-to-equity ratio of 2.82.

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Valeritas Company Profile

Valeritas Holdings, Inc, a commercial-stage medical technology company, focuses on the development and commercialization of technologies to treat patients with Type 2 diabetes in the United States and China. It offers V-Go, a wearable insulin delivery device for basal-bolus therapy. The company also develops h-Patch, a controlled delivery technology platform; Mini-Ject technology for needle-free injection systems; and Micro-Trans technology for microneedle design, fabrication, and drug delivery.

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Institutional Ownership by Quarter for Valeritas (NASDAQ:VLRX)

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