Replies to post #85035 on Biotech Values

[wallstarb]

The big fund selling makes sense explaining the weakness over the last few weeks. I wonder WHY a major shareholder for an exntended period would re-evaluate their position size. It can't be liquidity issues i.e. they need to raise cash as there have to be easier/quicker ways to raise cash selling more liquid stocks.

Maybe a little housekeeping? Selling a stock that they have a loss in for tax reasons? Seems a little early for that though.

[marthambles]

It seems likely that the recent selling pressure on MNTA was nothing more than end of quarter rebalancing by Federated.

[DewDiligence]

T Rowe Price has increased its MNTA holding by 34% (from 3,338,081 shares to 4,469,373 shares), as reported in an SEC Form 13G/A filing on 11/10/09:

http://sec.gov/Archives/edgar/data/80255/000008025509000580/mnta13gaoct09.txt

T Rowe Price is now MNTA’s second largest shareholder, trailing only Novartis.

[DewDiligence]

MNTA Major Shareholders

[Updated for T Rowe Price filing on 11/10/09.

Officer/director holdings are as of today and include restricted
stock and options, whether or not vested. Institutional holdings
are as reported on the most recent Form 13G filing; unless
otherwise indicated, the most recent Form 13G filing is for
holdings as of 12/31/08 .

The percentages shown below are based on 49.1M diluted
shares (#msg-42163809), and hence they differ from the
percentages reported in SEC filings.]

 
                             Shares  Stake 
 Novartis                  4,708,679  9.6% 
 T Rowe Price              4,468,373‡ 9.1% 
 Visium Asset Mgmt         3,349,122  6.8% 
 Samana Capital            2,109,760  4.3% 
 Federated Investors       1,381,457† 2.8% 
 R. Langer (Ex-director)   1,066,022  2.7% 
 Craig Wheeler (CEO)         987,344  2.0% 
 Alan  Crane (Director)      652,202  1.3% 
 G. Venkataraman (SVP, R&D)  628,540  1.2%  
 Ram Sasisekharan (Director) 517,344  1.0%  
  
 †As of  9/30/09 (from 13G/A filing 10/13/09). 
 ‡As of 10/31/09 (from 13G/A filing 11/10/09).