Creative Planning Purchases New Holdings in Tocagen Inc (TOCA)
Creative Planning purchased a new position in shares of Tocagen Inc (NASDAQ:TOCA) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 10,734 shares of the company’s stock, valued at approximately $117,000.
Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its holdings in Tocagen by 162.8% during the 4th quarter. Meeder Asset Management Inc. now owns 9,961 shares of the company’s stock worth $82,000 after purchasing an additional 6,170 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Tocagen by 9.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 11,449 shares of the company’s stock valued at $94,000 after acquiring an additional 949 shares in the last quarter. Caption Management LLC acquired a new position in Tocagen in the 4th quarter valued at $98,000. Bank of America Corp DE raised its holdings in Tocagen by 28.6% in the 4th quarter. Bank of America Corp DE now owns 14,584 shares of the company’s stock valued at $120,000 after acquiring an additional 3,240 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Tocagen by 50.7% in the 4th quarter. Rhumbline Advisers now owns 23,303 shares of the company’s stock valued at $191,000 after acquiring an additional 7,843 shares in the last quarter. 36.58% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ TOCA opened at $8.85 on Thursday. The firm has a market capitalization of $212.36 million, a price-to-earnings ratio of -3.63 and a beta of 3.29. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.75. Tocagen Inc has a fifty-two week low of $6.47 and a fifty-two week high of $15.80.
Several equities analysts have weighed in on the company. Cantor Fitzgerald assumed coverage on Tocagen in a report on Thursday, April 25th. They issued an “overweight” rating and a $28.00 price objective for the company. Zacks Investment Research raised Tocagen from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday. Leerink Swann assumed coverage on Tocagen in a report on Monday, April 15th. They issued a “market perform” rating and a $10.26 price objective for the company. Chardan Capital reaffirmed a “buy” rating on shares of Tocagen in a report on Tuesday, April 23rd. Finally, ValuEngine raised Tocagen from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $18.78.
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Tocagen Inc, a clinical-stage cancer-selective gene therapy company, focuses on developing and commercializing product candidates designed to activate a patient's immune system against their cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to deliver therapeutic genes into the DNA of cancer cells.
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