Teachers Advisors LLC Has $433,000 Stake in Teligent, Inc. (TLGT)
Teachers Advisors LLC boosted its position in Teligent, Inc. (NASDAQ:TLGT) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 65,454 shares of the company’s stock after buying an additional 648 shares during the period. Teachers Advisors LLC’s holdings in Teligent were worth $433,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of TLGT. Metropolitan Life Insurance Co. NY raised its stake in Teligent by 10.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 38,332 shares of the company’s stock worth $253,000 after buying an additional 3,512 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Teligent by 22.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 40,133 shares of the company’s stock worth $265,000 after buying an additional 7,437 shares during the period. Guggenheim Capital LLC raised its stake in Teligent by 22.9% in the fourth quarter. Guggenheim Capital LLC now owns 207,040 shares of the company’s stock worth $1,369,000 after buying an additional 38,594 shares during the period. Ranger Investment Management L.P. raised its stake in Teligent by 34.0% in the fourth quarter. Ranger Investment Management L.P. now owns 227,110 shares of the company’s stock worth $1,501,000 after buying an additional 57,610 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in Teligent during the fourth quarter worth $2,851,000. 63.82% of the stock is currently owned by institutional investors.
Teligent, Inc. (NASDAQ TLGT) opened at 8.63 on Friday. The stock’s 50 day moving average is $8.62 and its 200-day moving average is $7.60. The stock’s market capitalization is $459.34 million. Teligent, Inc. has a 12 month low of $5.75 and a 12 month high of $9.21.
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Separately, Zacks Investment Research lowered shares of Teligent from a “buy” rating to a “hold” rating in a research report on Saturday, February 18th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Teligent has a consensus rating of “Buy” and an average price target of $9.67.
Teligent Company Profile
Teligent, Inc is a specialty generic pharmaceutical company. Under the Company’s own label, it markets and sells generic injectable pharmaceutical products in the United States and Canada. In the United States it marketed 16 generic topical pharmaceutical products and four branded generic pharmaceutical products, as of December 31, 2016.
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