United Bank Acquires New Position in Shire PLC (SHPG)

United Bank acquired a new stake in Shire PLC (NASDAQ:SHPG) during the fourth quarter, Holdings Channel reports. The fund acquired 3,490 shares of the biopharmaceutical company’s stock, valued at approximately $595,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SHPG. Prudential PLC boosted its position in shares of Shire PLC by 392.3% in the fourth quarter. Prudential PLC now owns 61,600 shares of the biopharmaceutical company’s stock valued at $10,495,000 after buying an additional 49,087 shares during the period. Van ECK Associates Corp boosted its position in shares of Shire PLC by 26.8% in the fourth quarter. Van ECK Associates Corp now owns 70,507 shares of the biopharmaceutical company’s stock valued at $12,013,000 after buying an additional 14,888 shares during the period. Syntal Capital Partners LLC purchased a new position in shares of Shire PLC during the fourth quarter valued at about $498,000. Clark Capital Management Group Inc. boosted its position in shares of Shire PLC by 0.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 12,014 shares of the biopharmaceutical company’s stock valued at $2,047,000 after buying an additional 97 shares during the period. Finally, Comerica Bank boosted its position in shares of Shire PLC by 7.6% in the fourth quarter. Comerica Bank now owns 21,762 shares of the biopharmaceutical company’s stock valued at $3,705,000 after buying an additional 1,532 shares during the period. 22.69% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Shire PLC (NASDAQ:SHPG)

Shire PLC (NASDAQ:SHPG) traded down 0.63% during midday trading on Monday, reaching $170.55. The company had a trading volume of 706,494 shares. Shire PLC has a 1-year low of $150.05 and a 1-year high of $209.22. The firm’s 50 day moving average is $169.74 and its 200 day moving average is $182.37. The stock has a market capitalization of $50.80 billion, a PE ratio of 260.78 and a beta of 1.53.

“United Bank Acquires New Position in Shire PLC (SHPG)” was reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this story on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this story can be accessed at http://sleekmoney.com/united-bank-acquires-new-position-in-shire-plc-shpg/1658907.html.

Several brokerages recently issued reports on SHPG. BTIG Research reissued a “buy” rating and issued a $242.00 price objective on shares of Shire PLC in a research note on Friday, December 23rd. Societe Generale began coverage on Shire PLC in a research report on Friday, December 2nd. They set a “buy” rating on the stock. Leerink Swann set a $198.00 target price on Shire PLC and gave the company a “buy” rating in a research report on Monday, November 14th. Jefferies Group LLC set a $248.00 target price on Shire PLC and gave the company a “buy” rating in a research report on Friday, November 11th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $235.00 target price on shares of Shire PLC in a research report on Friday, November 11th. Four research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus 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.

5 Day Chart for NASDAQ:SHPG

Want to see what other hedge funds are holding SHPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shire PLC (NASDAQ:SHPG).

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/united-bank-acquires-new-position-in-shire-plc-shpg/1658907.html

Receive News & Ratings for Shire PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shire PLC 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 *