According to Zacks, “Galectin Therapeutics Inc. is a drug development company engaged in the development new therapies for fibrotic disease and cancer. The Company uses its carbohydrate technology that targets galectin proteins, the key mediators of biologic and pathologic function. Galectin Therapeutics uses naturally occurring carbohydrate polymers with galactose residues to create complex carbohydrates with specific molecular weights. Galectin Therapeutics, formerly known as Pro-Pharmaceuticals, Inc. is headquartered in Newton, Massachusetts. “
Separately, ValuEngine raised Galectin Therapeutics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th.
Galectin Therapeutics (NASDAQ:GALT) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. On average, research analysts forecast that Galectin Therapeutics will post -0.29 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Vivaldi Capital Management LLC purchased a new stake in Galectin Therapeutics in the second quarter worth $44,000. Squarepoint Ops LLC lifted its stake in Galectin Therapeutics by 37.5% in the third quarter. Squarepoint Ops LLC now owns 13,901 shares of the company’s stock worth $51,000 after acquiring an additional 3,788 shares during the period. Centaurus Financial Inc. lifted its stake in Galectin Therapeutics by 20,098.8% in the second quarter. Centaurus Financial Inc. now owns 16,563 shares of the company’s stock worth $69,000 after acquiring an additional 16,481 shares during the period. Amussen Hunsaker Associates LLC purchased a new stake in Galectin Therapeutics in the second quarter worth $71,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in Galectin Therapeutics by 19.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 19,498 shares of the company’s stock worth $81,000 after acquiring an additional 3,148 shares during the period. 16.43% of the stock is owned by institutional investors.
About Galectin Therapeutics
Galectin Therapeutics, Inc, a clinical stage biopharmaceutical company, engages in the research and development of therapies for fibrotic, skin, and cancer diseases. The company's lead product candidate includes GR-MD-02 galectin-3 inhibitor, a galactoarabino-rhamnogalacturonan polysaccharide polymer that is in Phase III clinical trial for the treatment of liver fibrosis associated with fatty liver disease and non-alcoholic steatohepatitis cirrhosis, as well as for the treatment of cancer.
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