Baird Financial Group Inc. Purchases 879 Shares of Emergent BioSolutions Inc. (NYSE:EBS)

Baird Financial Group Inc. grew its position in Emergent BioSolutions Inc. (NYSE:EBSGet Rating) by 12.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,192 shares of the biopharmaceutical company’s stock after purchasing an additional 879 shares during the period. Baird Financial Group Inc.’s holdings in Emergent BioSolutions were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EBS. Meeder Asset Management Inc. bought a new stake in Emergent BioSolutions during the first quarter worth about $46,000. Covestor Ltd increased its position in Emergent BioSolutions by 43.8% during the first quarter. Covestor Ltd now owns 1,612 shares of the biopharmaceutical company’s stock worth $66,000 after buying an additional 491 shares during the last quarter. Ancora Advisors LLC acquired a new position in Emergent BioSolutions during the first quarter worth approximately $66,000. Lazard Asset Management LLC acquired a new position in Emergent BioSolutions during the first quarter worth approximately $73,000. Finally, Islay Capital Management LLC acquired a new position in Emergent BioSolutions during the second quarter worth approximately $91,000. 81.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Cowen lowered their price target on Emergent BioSolutions to $25.00 in a research report on Tuesday, November 15th. Cowen lowered their price target on Emergent BioSolutions from $30.00 to $29.00 and set a “market perform” rating on the stock in a research report on Monday, September 12th. Benchmark downgraded Emergent BioSolutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Chardan Capital decreased their target price on Emergent BioSolutions from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, November 9th. Finally, StockNews.com downgraded Emergent BioSolutions from a “hold” rating to a “sell” rating in a research report on Monday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $46.50.

Emergent BioSolutions Price Performance

Emergent BioSolutions stock opened at $11.83 on Thursday. The company has a market capitalization of $590.18 million, a price-to-earnings ratio of 15.17 and a beta of 1.04. Emergent BioSolutions Inc. has a 12 month low of $11.58 and a 12 month high of $52.28. The company has a current ratio of 4.17, a quick ratio of 2.13 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average is $18.79 and its 200-day moving average is $26.09.

About Emergent BioSolutions

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Emergent BioSolutions Inc, a life sciences company, focuses on the provision of preparedness and response solutions that address accidental, deliberate, and naturally occurring public health threats (PHTs) in the United States. The company's products address PHTs, which include chemical, biological, radiological, nuclear, and explosives; emerging infectious diseases; travel health; and emerging health crises and acute/emergency care.

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Institutional Ownership by Quarter for Emergent BioSolutions (NYSE:EBS)

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