2,393 Shares in Puma Biotechnology Inc (PBYI) Acquired by Kazazian Asset Management LLC
Kazazian Asset Management LLC purchased a new position in shares of Puma Biotechnology Inc (NYSE:PBYI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,393 shares of the biopharmaceutical company’s stock, valued at approximately $209,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in Puma Biotechnology in the 2nd quarter valued at $211,000. Renaissance Technologies LLC acquired a new stake in shares of Puma Biotechnology in the 1st quarter valued at $7,682,000. American International Group Inc. increased its stake in shares of Puma Biotechnology by 19.2% in the 1st quarter. American International Group Inc. now owns 16,931 shares of the biopharmaceutical company’s stock valued at $630,000 after buying an additional 2,733 shares during the period. Endurant Capital Management LP acquired a new stake in shares of Puma Biotechnology in the 1st quarter valued at $1,101,000. Finally, Swiss National Bank increased its stake in shares of Puma Biotechnology by 2.1% in the 1st quarter. Swiss National Bank now owns 54,730 shares of the biopharmaceutical company’s stock valued at $2,036,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 80.98% of the company’s stock.
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In other Puma Biotechnology news, insider Alan H. Auerbach sold 13,175 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $94.73, for a total transaction of $1,248,067.75. Following the completion of the sale, the insider now directly owns 4,170,623 shares in the company, valued at approximately $395,083,116.79. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Richard Paul Bryce sold 15,000 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $120.00, for a total value of $1,800,000.00. Following the sale, the senior vice president now owns 42,239 shares of the company’s stock, valued at $5,068,680. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,173 shares of company stock valued at $4,738,189. Company insiders own 22.70% of the company’s stock.
Puma Biotechnology Inc (PBYI) traded up 2.543% during midday trading on Wednesday, reaching $119.975. The company had a trading volume of 293,494 shares. The stock has a 50-day moving average price of $98.26 and a 200 day moving average price of $72.59. The company’s market capitalization is $4.46 billion. Puma Biotechnology Inc has a 12-month low of $28.35 and a 12-month high of $122.40.
Puma Biotechnology (NYSE:PBYI) last announced its earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($2.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.32) by ($0.78). Equities analysts forecast that Puma Biotechnology Inc will post ($8.67) EPS for the current year.
A number of equities research analysts have recently weighed in on PBYI shares. J P Morgan Chase & Co restated 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 price target on shares of Puma Biotechnology in a report on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 price objective (up from $105.00) on shares of Puma Biotechnology in a research report on Tuesday, July 18th. Zacks Investment Research upgraded Puma Biotechnology from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Thursday, June 8th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $117.00 price objective (up from $100.00) on shares of Puma Biotechnology in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $112.70.
About Puma Biotechnology
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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