Panagora Asset Management Inc. Has $7,882,000 Position in Quintiles Transitional Holdings Inc. (Q)

Panagora Asset Management Inc. increased its stake in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) by 2.8% during the third quarter, Holdings Channel reports. The fund owned 97,232 shares of the company’s stock after buying an additional 2,678 shares during the period. Panagora Asset Management Inc.’s holdings in Quintiles Transitional Holdings were worth $7,882,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Harris Associates L P acquired a new position in Quintiles Transitional Holdings during the second quarter worth approximately $216,159,000. Brahman Capital Corp. acquired a new position in Quintiles Transitional Holdings during the second quarter worth approximately $208,797,000. Highline Capital Management L.P. acquired a new position in Quintiles Transitional Holdings during the third quarter worth approximately $107,785,000. CNH Partners LLC acquired a new position in Quintiles Transitional Holdings during the second quarter worth approximately $56,435,000. Finally, Palestra Capital Management LLC acquired a new position in Quintiles Transitional Holdings during the second quarter worth approximately $54,216,000. Institutional investors own 45.52% of the company’s stock.

Institutional Ownership by Quarter for Quintiles Transitional Holdings (NYSE:Q)

Shares of Quintiles Transitional Holdings Inc. (NYSE:Q) traded up 0.90% on Friday, reaching $79.56. 1,011,381 shares of the company’s stock traded hands. Quintiles Transitional Holdings Inc. has a one year low of $60.23 and a one year high of $81.45. The firm has a market cap of $19.59 billion, a P/E ratio of 24.46 and a beta of 0.68. The company’s 50-day moving average price is $76.97 and its 200 day moving average price is $76.97.

ILLEGAL ACTIVITY WARNING: “Panagora Asset Management Inc. Has $7,882,000 Position in Quintiles Transitional Holdings Inc. (Q)” was first published by sleekmoney and is owned by of sleekmoney. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be accessed at http://sleekmoney.com/panagora-asset-management-inc-has-7882000-position-in-quintiles-transitional-holdings-inc-q/1656216.html.

Q has been the subject of a number of research analyst reports. Bank of America Corporation cut Quintiles Transitional Holdings from a “buy” rating to a “neutral” rating and set a $89.00 price target for the company. in a report on Friday, December 2nd. Zacks Investment Research cut Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a report on Thursday, January 12th. Jefferies Group LLC cut Quintiles Transitional Holdings from a “buy” rating to a “hold” rating and set a $79.00 price target for the company. in a report on Wednesday, October 19th. They noted that the move was a valuation call. Barclays PLC reiterated an “overweight” rating and set a $90.00 price target on shares of Quintiles Transitional Holdings in a report on Wednesday, November 30th. Finally, Deutsche Bank AG downgraded shares of Quintiles Transitional Holdings from a “buy” rating to a “hold” rating and cut their price objective for the stock from $81.00 to $80.00 in a research report on Friday, February 3rd. Fifteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Quintiles Transitional Holdings currently has an average rating of “Hold” and a consensus price target of $81.88.

In other news, Director Jack M. Greenberg sold 2,000 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $79.77, for a total transaction of $159,540.00. Following the completion of the transaction, the director now directly owns 2,930 shares of the company’s stock, valued at approximately $233,726.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.90% of the stock is owned by corporate insiders.

Quintiles Transitional Holdings Company Profile

Quintiles IMS Holdings Inc, formerly Quintiles Transnational Holdings Inc, is a provider of biopharmaceutical development services and commercial outsourcing services. It is engaged in the development and commercialization of pharmaceutical therapies. Its segments include Product Development and Integrated Healthcare Services.

5 Day Chart for NYSE:Q

Want to see what other hedge funds are holding Q? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quintiles Transitional Holdings Inc. (NYSE:Q).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/panagora-asset-management-inc-has-7882000-position-in-quintiles-transitional-holdings-inc-q/1656216.html

Receive News & Ratings for Quintiles Transitional Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quintiles Transitional Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *