George Soros’s Fund Management has taken a new 1.16 million share, or 5.17%, stake in PlasmaTech Biopharmaceuticals (PTBI).
In after hours trade on Monday, PlasmaTech shares were up $1.43, or 50.00%, to $4.24.
Soros’s latest 13G filing with the SEC shows that the investing legend’s fund increased its stake in the Dallas, Texas-based company substantially, adding as much as 366% from the 250,000 shares held at the end of the latest quarter ending Dec. 31, 2014.
In the past 52 weeks, shares of the biopharmaceutical company have traded between a low of $2.75 and a high of $26.00. Shares are up 484% yoy ; down 17% year-to-date.