D. E. Shaw & Co. Inc. Increases Stake in Teligent Inc (TLGT)

D. E. Shaw & Co. Inc. lifted its stake in shares of Teligent Inc (NASDAQ:TLGT) by 27.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 203,729 shares of the company’s stock after purchasing an additional 43,414 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.38% of Teligent worth $279,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Teligent by 15.9% during the third quarter. Wells Fargo & Company MN now owns 123,329 shares of the company’s stock valued at $488,000 after acquiring an additional 16,919 shares in the last quarter. BlackRock Inc. grew its stake in shares of Teligent by 0.5% during the third quarter. BlackRock Inc. now owns 3,463,605 shares of the company’s stock valued at $13,681,000 after acquiring an additional 16,198 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Teligent during the third quarter valued at about $172,000. Vanguard Group Inc grew its stake in shares of Teligent by 0.7% during the third quarter. Vanguard Group Inc now owns 2,249,427 shares of the company’s stock valued at $8,885,000 after acquiring an additional 15,800 shares in the last quarter. Finally, Sanders Morris Harris LLC grew its stake in shares of Teligent by 6.1% during the fourth quarter. Sanders Morris Harris LLC now owns 1,545,032 shares of the company’s stock valued at $2,117,000 after acquiring an additional 88,585 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.

TLGT has been the subject of several recent analyst reports. ValuEngine upgraded Teligent from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Raymond James downgraded Teligent from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, March 19th.

NASDAQ:TLGT opened at $1.00 on Tuesday. The stock has a market capitalization of $51.36 million, a P/E ratio of -3.03 and a beta of 1.54. Teligent Inc has a one year low of $0.86 and a one year high of $4.52. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.48 and a quick ratio of 0.98.

Teligent (NASDAQ:TLGT) last posted its quarterly earnings results on Monday, March 18th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.16). The firm had revenue of $16.78 million during the quarter, compared to analyst estimates of $17.73 million. Teligent had a negative return on equity of 71.90% and a negative net margin of 66.08%. On average, analysts predict that Teligent Inc will post -0.11 EPS for the current year.

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About Teligent

Teligent, Inc, a specialty generic pharmaceutical company, develops, manufactures, and markets generic topical, branded generic, and generic injectable pharmaceutical products in the United States and Canada. The company sells generic pharmaceutical products in topical, injectable, complex, and ophthalmic dosage forms.

See Also: Balance Sheet

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Institutional Ownership by Quarter for Teligent (NASDAQ:TLGT)

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