Private Advisor Group LLC lowered its stake in Shire PLC (NASDAQ:SHPG) by 36.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,002 shares of the biopharmaceutical company’s stock after selling 2,293 shares during the period. Private Advisor Group LLC’s holdings in Shire PLC were worth $681,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rail Splitter Capital Management LLC bought a new position in Shire PLC during the second quarter valued at about $6,461,000. Macquarie Group Ltd. bought a new position in Shire PLC during the second quarter valued at about $5,561,000. Bedell Frazier Investment Counseling LLC bought a new position in Shire PLC during the third quarter valued at about $4,213,000. TIAA CREF Investment Management LLC increased its position in Shire PLC by 288.6% in the third quarter. TIAA CREF Investment Management LLC now owns 539,075 shares of the biopharmaceutical company’s stock valued at $104,505,000 after buying an additional 400,343 shares during the last quarter. Finally, Bienville Capital Management LLC bought a new position in Shire PLC during the second quarter valued at about $450,000. Institutional investors own 22.69% of the company’s stock.
Shire PLC (NASDAQ:SHPG) traded up 1.0059% during mid-day trading on Tuesday, hitting $172.2655. 469,374 shares of the stock were exchanged. Shire PLC has a 52 week low of $150.06 and a 52 week high of $209.22. The company has a market capitalization of $51.31 billion, a PE ratio of 263.4029 and a beta of 1.53. The stock’s 50-day moving average is $169.80 and its 200 day moving average is $182.05.
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Several research analysts have recently issued reports on SHPG shares. J P Morgan Chase & Co restated an “overweight” rating on shares of Shire PLC in a report on Monday, October 24th. BNP Paribas restated a “buy” rating on shares of Shire PLC in a report on Sunday, October 23rd. Zacks Investment Research raised shares of Shire PLC from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research note on Friday, October 21st. BTIG Research reissued a “buy” rating and issued a $242.00 target price on shares of Shire PLC in a research note on Tuesday, November 1st. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $235.00 target price on shares of Shire PLC in a research note on Friday, November 11th. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $226.60.
Shire PLC Company Profile
Shire plc is a biotech company. The Company, along with its subsidiaries, is engaged in developing and marketing medicines for patients with rare diseases and other select conditions. The Company operates in the segment of research, development, licensing, manufacturing, marketing, distribution and sale of specialist medicines.
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