Is it Still Worthy to Own Amarin (AMRN) Shares?

ClearBridge Investments, an investment management firm, published its “Small Cap Value Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Small Cap Value Strategy outperformed the Russell 2000 Value Index, the Strategy’s benchmark, during the fourth quarter. On an absolute basis, the Strategy posted gains in nine of 11 sectors in which it was invested for the quarter. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments Small Cap Value Strategy, in its Q4 2021 investor letter, mentioned Amarin Corporation plc (NASDAQ:AMRN) and discussed its stance on the firm. Founded in 1989, Amarin Corporation plc (NASDAQ:AMRN) is a Dublin, Ireland-based biopharmaceutical company with a $1.3 billion market capitalization, and is currently spearheaded by its CEO, (CEO). Amarin Corporation plc (NASDAQ:AMRN) delivered a -0.89% return since the beginning of the year, while its 12-month returns are down by -46.22%. The stock closed at $3.34 per share on March 29, 2022.

Here is what ClearBridge Investments Small Cap Value Strategy has to say about Amarin Corporation plc (NASDAQ:AMRN) in its Q4 2021 investor letter:

“Consistent with our bottom-up approach, detractors were likewise diverse. Broader headwinds to the biotech industry, including the emergence of the Omicron variant, a spike in inflation and year-end tax loss harvesting weighed on Amarin’s performance.”

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Our calculations show that Amarin Corporation plc (NASDAQ:AMRN) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Amarin Corporation plc (NASDAQ:AMRN) was in 24 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 21 funds in the previous quarter. Amarin Corporation plc (NASDAQ:AMRN) delivered a 0.91% return in the past 3 months.

In December 2021, we also shared another hedge fund’s views on Amarin Corporation plc (NASDAQ:AMRN) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.