Nationwide Fund Advisors continued to hold its position in shares of Puma Biotechnology Inc (NYSE:PBYI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,222 shares of the biopharmaceutical company’s stock at the close of the 2nd quarter. Nationwide Fund Advisors’ holdings in Puma Biotechnology were worth $1,418,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in PBYI. Franklin Resources Inc. purchased a new stake in shares of Puma Biotechnology during the 2nd quarter valued at approximately $50,134,000. Renaissance Technologies LLC purchased a new stake in shares of Puma Biotechnology during the 1st quarter valued at approximately $7,682,000. Vanguard Group Inc. raised its position in shares of Puma Biotechnology by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 2,428,909 shares of the biopharmaceutical company’s stock valued at $90,355,000 after buying an additional 101,722 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Puma Biotechnology during the 1st quarter valued at approximately $3,481,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Puma Biotechnology during the 1st quarter valued at approximately $3,481,000. 80.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Puma Biotechnology Inc (NYSE PBYI) opened at 121.60 on Friday. The company has a 50-day moving average of $111.89 and a 200 day moving average of $79.30. Puma Biotechnology Inc has a 12-month low of $28.35 and a 12-month high of $127.02. The firm’s market cap is $4.52 billion.
Puma Biotechnology (NYSE:PBYI) last posted its quarterly earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($2.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.32) by ($0.78). Equities research analysts anticipate that Puma Biotechnology Inc will post ($8.69) earnings per share for the current fiscal year.
Several research firms have recently commented on PBYI. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Puma Biotechnology in a research report on Tuesday, July 18th. Citigroup Inc. reiterated a “buy” rating and issued a $114.00 target price on shares of Puma Biotechnology in a report on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 target price (up previously from $105.00) on shares of Puma Biotechnology in a report on Tuesday, July 18th. Leerink Swann reiterated an “outperform” rating and issued a $125.00 target price on shares of Puma Biotechnology in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of Puma Biotechnology from a “hold” rating to a “buy” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $124.89.
In other Puma Biotechnology news, SVP Richard Paul Bryce sold 15,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $120.00, for a total transaction of $1,800,000.00. Following the transaction, the senior vice president now owns 42,239 shares of the company’s stock, valued at $5,068,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 22.70% of the company’s stock.
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Puma Biotechnology Company Profile
Puma Biotechnology, Inc is a biopharmaceutical company that focuses on the development and commercialization of products for the treatment of cancer. The Company focuses on in-licensing the development and commercialization rights to over three drug candidates, including PB272 (neratinib (oral)), PB272 (neratinib (intravenous)) and PB357.
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