OZ Management LP purchased a new position in shares of Shire PLC (NASDAQ:SHPG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 395,652 shares of the biopharmaceutical company’s stock, valued at approximately $71,720,000. OZ Management LP owned 0.13% of Shire as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SHPG. Abrams Capital Management L.P. bought a new position in Shire during the third quarter worth about $407,338,000. Third Point LLC bought a new position in Shire during the third quarter worth about $290,032,000. PointState Capital LP lifted its stake in Shire by 4,642.0% during the second quarter. PointState Capital LP now owns 711,296 shares of the biopharmaceutical company’s stock worth $120,067,000 after purchasing an additional 696,296 shares during the period. Kepos Capital LP lifted its stake in Shire by 400.0% during the third quarter. Kepos Capital LP now owns 425,000 shares of the biopharmaceutical company’s stock worth $77,040,000 after purchasing an additional 340,000 shares during the period. Finally, LMR Partners LLP bought a new position in Shire during the second quarter worth about $55,664,000. Hedge funds and other institutional investors own 20.49% of the company’s stock.

NASDAQ:SHPG opened at $171.50 on Wednesday. Shire PLC has a 1 year low of $123.73 and a 1 year high of $182.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.92 and a quick ratio of 0.51. The company has a market capitalization of $53.37 billion, a PE ratio of 11.32, a PEG ratio of 1.59 and a beta of 1.01.

Shire (NASDAQ:SHPG) last posted its earnings results on Thursday, November 1st. The biopharmaceutical company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.65 by ($0.01). Shire had a net margin of 30.63% and a return on equity of 12.70%. The firm had revenue of $3.87 billion during the quarter. During the same period in the prior year, the business earned $3.81 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Shire PLC will post 15.08 EPS for the current year.

A number of research analysts have commented on the stock. BidaskClub cut shares of Shire from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. B. Riley reiterated a “buy” rating on shares of Shire in a research note on Tuesday. Zacks Investment Research reiterated a “hold” rating on shares of Shire in a research note on Thursday, November 15th. ValuEngine upgraded shares of Shire from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Finally, Berenberg Bank cut shares of Shire from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $201.11.

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About Shire

Shire plc, a biotechnology company, researches, develops, licenses, manufactures, markets, distributes, and sells medicines for rare diseases and other specialized conditions worldwide. The company offers products in therapeutic areas, including hematology, genetic diseases, neuroscience, immunology, internal medicine, ophthalmology, and oncology.

Further Reading: Buyback

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Institutional Ownership by Quarter for Shire (NASDAQ:SHPG)

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