Putnam Investments LLC lowered its position in Theravance Biopharma, Inc. (NASDAQ:TBPH – Get Rating) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 102,156 shares of the biopharmaceutical company’s stock after selling 1,852 shares during the period. Putnam Investments LLC’s holdings in Theravance Biopharma were worth $1,036,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG grew its holdings in shares of Theravance Biopharma by 45.0% in the first quarter. UBS Group AG now owns 3,549 shares of the biopharmaceutical company’s stock worth $34,000 after purchasing an additional 1,101 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Theravance Biopharma in the second quarter worth about $62,000. Royal Bank of Canada grew its holdings in shares of Theravance Biopharma by 1,330.7% in the third quarter. Royal Bank of Canada now owns 6,610 shares of the biopharmaceutical company’s stock worth $67,000 after purchasing an additional 6,148 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Theravance Biopharma by 51.6% in the first quarter. Acadian Asset Management LLC now owns 8,277 shares of the biopharmaceutical company’s stock worth $77,000 after purchasing an additional 2,818 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Theravance Biopharma by 292.4% in the third quarter. Tower Research Capital LLC TRC now owns 9,877 shares of the biopharmaceutical company’s stock worth $100,000 after purchasing an additional 7,360 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on TBPH shares. StockNews.com cut shares of Theravance Biopharma from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. HC Wainwright restated a “buy” rating and issued a $19.00 price target on shares of Theravance Biopharma in a report on Tuesday, February 28th. Finally, SVB Leerink increased their target price on shares of Theravance Biopharma from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, November 17th.
Insiders Place Their Bets
Theravance Biopharma Price Performance
Shares of Theravance Biopharma stock opened at $10.25 on Tuesday. Theravance Biopharma, Inc. has a 1 year low of $7.53 and a 1 year high of $11.83. The firm’s 50-day moving average is $10.59 and its two-hundred day moving average is $10.39. The stock has a market cap of $644.32 million, a price-to-earnings ratio of 0.89 and a beta of 0.51.
Theravance Biopharma Company Profile
Theravance Biopharma, Inc is a diversified biopharmaceutical company primarily focused on the discovery, development and commercialization of organ-selective medicines. Its purpose is to pioneer a new generation of small molecule drugs designed to better meet patient needs. Its research is focused in the areas of inflammation and immunology.
In pursuit of its purpose, Theravance Biopharma applies insights and innovation at each stage of its business and utilizes its internal capabilities and those of partners around the world.
- Get a free copy of the StockNews.com research report on Theravance Biopharma (TBPH)
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