Macquarie Group Ltd. cut its position in shares of Clovis Oncology (NASDAQ:CLVS) by 88.6% in the fourth quarter, HoldingsChannel reports. The firm owned 100,200 shares of the biopharmaceutical company’s stock after selling 778,330 shares during the period. Macquarie Group Ltd.’s holdings in Clovis Oncology were worth $1,800,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CLVS. Samlyn Capital LLC purchased a new position in shares of Clovis Oncology in the 4th quarter valued at $18,054,000. Orbimed Advisors LLC increased its holdings in shares of Clovis Oncology by 23.2% in the 4th quarter. Orbimed Advisors LLC now owns 2,752,200 shares of the biopharmaceutical company’s stock valued at $49,430,000 after acquiring an additional 517,630 shares during the period. Elk Creek Partners LLC purchased a new position in shares of Clovis Oncology in the 4th quarter valued at $6,828,000. Dimensional Fund Advisors LP purchased a new position in shares of Clovis Oncology in the 4th quarter valued at $5,641,000. Finally, Perceptive Advisors LLC purchased a new position in shares of Clovis Oncology in the 3rd quarter valued at $4,406,000.

Shares of CLVS stock opened at $24.34 on Wednesday. Clovis Oncology has a 1-year low of $11.50 and a 1-year high of $65.24. The company has a current ratio of 4.55, a quick ratio of 4.34 and a debt-to-equity ratio of 3.93. The firm has a market cap of $1.33 billion, a P/E ratio of -3.44 and a beta of 2.08.

Clovis Oncology (NASDAQ:CLVS) last announced its earnings results on Tuesday, February 26th. The biopharmaceutical company reported ($1.88) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.72) by ($0.16). Clovis Oncology had a negative return on equity of 147.39% and a negative net margin of 385.80%. The business had revenue of $30.40 million for the quarter, compared to analysts’ expectations of $30.46 million. During the same quarter last year, the firm earned ($1.04) earnings per share. The firm’s quarterly revenue was up 78.4% compared to the same quarter last year. On average, equities research analysts forecast that Clovis Oncology will post -7.06 earnings per share for the current fiscal year.

Several brokerages recently weighed in on CLVS. Zacks Investment Research downgraded Clovis Oncology from a “hold” rating to a “sell” rating in a research note on Monday. JPMorgan Chase & Co. restated a “hold” rating on shares of Clovis Oncology in a research note on Sunday. ValuEngine upgraded Clovis Oncology from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. BidaskClub downgraded Clovis Oncology from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, SunTrust Banks boosted their target price on Clovis Oncology to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Clovis Oncology presently has an average rating of “Hold” and a consensus price target of $44.78.

In other Clovis Oncology news, Director James C. Blair sold 17,056 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $27.79, for a total transaction of $473,986.24. Following the sale, the director now owns 13,439 shares in the company, valued at approximately $373,469.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lindsey Rolfe sold 1,729 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $26.13, for a total value of $45,178.77. Following the sale, the insider now owns 20,953 shares in the company, valued at approximately $547,501.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,782 shares of company stock worth $576,755. 10.20% of the stock is owned by company insiders.

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About Clovis Oncology

Clovis Oncology, Inc, a biopharmaceutical company, focuses on acquiring, developing, and commercializing anti-cancer agents in the United States, Europe, and internationally. Its commercial product includes Rubraca (rucaparib) tablet, a small molecule poly ADP-ribose polymerase inhibitor, used as monotherapy for the treatment of patients with deleterious BRCA mutation associated advanced ovarian cancer, who have been treated with two or more chemotherapies, and selected for therapy by an FDA-approved companion diagnostic for Rubraca.

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Institutional Ownership by Quarter for Clovis Oncology (NASDAQ:CLVS)

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