California State Teachers Retirement System lowered its position in shares of Adamas Pharmaceuticals Inc (NASDAQ:ADMS) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,409 shares of the specialty pharmaceutical company’s stock after selling 2,505 shares during the quarter. California State Teachers Retirement System owned 0.10% of Adamas Pharmaceuticals worth $496,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in Adamas Pharmaceuticals during the 2nd quarter valued at $109,000. SG Americas Securities LLC acquired a new stake in Adamas Pharmaceuticals during the 3rd quarter valued at $110,000. Quantbot Technologies LP acquired a new stake in Adamas Pharmaceuticals during the 3rd quarter valued at $119,000. Virtu KCG Holdings LLC acquired a new stake in Adamas Pharmaceuticals during the 2nd quarter valued at $184,000. Finally, Sei Investments Co. lifted its holdings in Adamas Pharmaceuticals by 1,105.0% during the 3rd quarter. Sei Investments Co. now owns 8,760 shares of the specialty pharmaceutical company’s stock valued at $185,000 after purchasing an additional 8,033 shares during the last quarter. 66.90% of the stock is owned by hedge funds and other institutional investors.
Shares of Adamas Pharmaceuticals Inc (NASDAQ ADMS) opened at $26.39 on Wednesday. The company has a current ratio of 8.35, a quick ratio of 8.32 and a debt-to-equity ratio of 0.41. Adamas Pharmaceuticals Inc has a 12 month low of $13.50 and a 12 month high of $44.00.
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Adamas Pharmaceuticals Profile
Adamas Pharmaceuticals, Inc is a pharmaceutical company. The Company is engaged in developing medicines to manage the daily lives of those affected by chronic neurologic disorders. It offers a platform based on an understanding of time dependent biologic effects of disease activity and drug response to achieve relief without tolerability issues.
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