Does Spectrum Pharmaceuticals Have The Prescription These Top Institutional Shareholders Need?

Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) claims that the integration of Allos Therapeutics has surpassed expectations. Anticipated synergies are predicted to be at $50 million or higher, which exceeds the previous estimated range of $40 million to $50 million.

Will Spectrum Pharmaceuticals, Inc.’s shareholders decrease their holdings?  They reported owning a total of 2.187 million shares on 09/30/2012. The shares closed at $11.70 on 09/30/2012.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

Here are the ten largest positions in Spectrum Pharmaceuticals, Inc. at the end of September 30th, 2012.

Bank of New York Mellon Corp. held 745,379 shares on 09/30/2012 worth $8,720,934. This brought the portfolio total to 0.0%.

Public Employees Retirement Association of Colorado held 231,800 shares on 09/30/2012 worth $2,712,060. This brought the portfolio total to 0.02%.

Denali Advisors LLC. held 133,700 shares on 09/30/2012 worth $1,564,290. This brought the portfolio total to 0.28%.

Smith Asset Management Group LP. held 121,190 shares on 09/30/2012 worth $1,417,923. This brought the portfolio total to 0.06%.

Charles Schwab  Investment Management Inc. held 114,478 shares on 09/30/2012 worth $1,339,393. This brought the portfolio total to 0.0%.

Los Angeles Capital Management & Equity Research Inc. held 93,840 shares on 09/30/2012 worth $1,097,928. This brought the portfolio total to 0.02%.

Rhumbline Advisers held 78,053 shares on 09/30/2012 worth $913,220. This brought the portfolio total to 0.0%.

State Board of Administration of Florida Retirement System held 65,767 shares on 09/30/2012 worth $769,474. This brought the portfolio total to 0.0%.

Strs Ohio held 50,700 shares on 09/30/2012 worth $593,190. This brought the portfolio total to 0.0%.

Metropolitan Life Insurance Co./NY held 49,132 shares on 09/30/2012 worth $574,844. This brought the portfolio total to 0.01%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

More Articles About:   , , , , , ,  

More from The Cheat Sheet