Zacks Investment Research Lowers Cumberland Pharmaceuticals (CPIX) to Hold

Zacks Investment Research lowered shares of Cumberland Pharmaceuticals (NASDAQ:CPIX) from a strong-buy rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Cumberland Pharmaceuticals, Inc., headquartered in Nashville, Tennessee, is a specialty pharmaceutical company focused on acquiring, developing, and commercializing branded prescription products for the acute care and gastroenterology markets. The company’s lead product candidate, Amelior, which is in phase III clinical trials, is an intravenous formulation of ibuprofen for the treatment of both pain and fever. Its products also comprise Acetadote, an intravenous formulation of N-acetylcysteine for the treatment of acetaminophen poisoning; and Kristalose, a prescription laxative product, which is a crystalline form of lactulose to enhance patient acceptance and compliance. In addition, the company is developing a treatment for fluid buildup in the lungs of cancer patients and an anti-infective for treating fungal infections in immuno-compromised patients. “

Separately, TheStreet upgraded shares of Cumberland Pharmaceuticals from a d+ rating to a c- rating in a research note on Wednesday, April 10th.

Shares of NASDAQ CPIX opened at $6.40 on Tuesday. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.36. Cumberland Pharmaceuticals has a 52 week low of $4.83 and a 52 week high of $7.00. The stock has a market capitalization of $97.88 million, a P/E ratio of -53.33 and a beta of 0.28.

Cumberland Pharmaceuticals (NASDAQ:CPIX) last announced its quarterly earnings data on Tuesday, May 14th. The specialty pharmaceutical company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.22. Cumberland Pharmaceuticals had a negative net margin of 10.57% and a positive return on equity of 2.54%. The firm had revenue of $11.90 million during the quarter, compared to analysts’ expectations of $10.70 million. As a group, research analysts anticipate that Cumberland Pharmaceuticals will post -0.22 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in CPIX. BlueCrest Capital Management Ltd acquired a new stake in shares of Cumberland Pharmaceuticals in the first quarter valued at about $63,000. Renaissance Technologies LLC lifted its stake in shares of Cumberland Pharmaceuticals by 2.5% in the first quarter. Renaissance Technologies LLC now owns 390,777 shares of the specialty pharmaceutical company’s stock valued at $2,270,000 after purchasing an additional 9,403 shares during the period. Finally, Stonepine Capital Management LLC lifted its stake in shares of Cumberland Pharmaceuticals by 7.8% in the fourth quarter. Stonepine Capital Management LLC now owns 1,313,429 shares of the specialty pharmaceutical company’s stock valued at $7,920,000 after purchasing an additional 95,028 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

About Cumberland Pharmaceuticals

Cumberland Pharmaceuticals Inc, a specialty pharmaceutical company, focuses on the acquisition, development, and commercialization of prescription products for hospital acute care, gastroenterology, and oncology markets in the United States and internationally. It offers Acetadote, an injection for the treatment of acetaminophen poisoning; Caldolor, an injection for the treatment of pain and fever; Kristalose, a prescription laxative, for the treatment of chronic and acute constipation; Omeclamox-Pak for the treatment of Helicobacter pylori infection and duodenal ulcer disease; Vaprisol injection for treating hyponatremia; Ethyol injection for the reduction of xerostomia; Totect injection, for emergency oncology intervention, to treat the toxic effects of anthracycline chemotherapy; and Vibativ injection, for the treatment of certain serious bacterial infections.

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