TPG Group Holdings SBS Advisors Inc. Holds Position in Alder Biopharmaceuticals Inc (ALDR)
TPG Group Holdings SBS Advisors Inc. continued to hold its position in Alder Biopharmaceuticals Inc (NASDAQ:ALDR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,238,533 shares of the biopharmaceutical company’s stock at the close of the 2nd quarter. TPG Group Holdings SBS Advisors Inc. owned about 1.83% of Alder Biopharmaceuticals worth $14,181,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in Alder Biopharmaceuticals by 3,047.2% in the 1st quarter. Bank of Montreal Can now owns 5,602 shares of the biopharmaceutical company’s stock worth $117,000 after purchasing an additional 5,424 shares in the last quarter. Legal & General Group Plc boosted its holdings in Alder Biopharmaceuticals by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 15,496 shares of the biopharmaceutical company’s stock valued at $177,000 after purchasing an additional 400 shares during the period. SG Americas Securities LLC boosted its holdings in Alder Biopharmaceuticals by 109.4% in the 2nd quarter. SG Americas Securities LLC now owns 15,580 shares of the biopharmaceutical company’s stock valued at $178,000 after purchasing an additional 8,140 shares during the period. Stifel Financial Corp purchased a new position in shares of Alder Biopharmaceuticals during the 1st quarter valued at $206,000. Finally, Voya Investment Management LLC grew its position in shares of Alder Biopharmaceuticals by 8.4% during the 2nd quarter. Voya Investment Management LLC now owns 22,304 shares of the biopharmaceutical company’s stock valued at $255,000 after purchasing an additional 1,734 shares in the last quarter. 76.16% of the stock is currently owned by institutional investors and hedge funds.
ALDR has been the topic of several research analyst reports. ValuEngine raised shares of Alder Biopharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 20th. Leerink Swann reiterated an “outperform” rating and issued a $32.00 price objective on shares of Alder Biopharmaceuticals in a research report on Monday, June 12th. Needham & Company LLC reissued a “buy” rating and set a $36.00 price objective on shares of Alder Biopharmaceuticals in a research note on Friday, June 9th. Credit Suisse Group lowered Alder Biopharmaceuticals from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $17.00 in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $47.00 target price on shares of Alder Biopharmaceuticals in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Alder Biopharmaceuticals currently has a consensus rating of “Hold” and a consensus target price of $28.69.
Alder Biopharmaceuticals Inc (NASDAQ:ALDR) traded up 0.81% on Tuesday, reaching $12.40. The company had a trading volume of 631,590 shares. The stock’s 50 day moving average price is $10.06 and its 200-day moving average price is $14.98. Alder Biopharmaceuticals Inc has a 12-month low of $8.60 and a 12-month high of $34.30. The stock’s market capitalization is $839.64 million.
Alder Biopharmaceuticals (NASDAQ:ALDR) last issued its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($1.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.67) by $0.19. Alder Biopharmaceuticals had a negative return on equity of 118.04% and a negative net margin of 10,926.65%. The company had revenue of $0.68 million for the quarter. During the same period last year, the business posted ($0.79) EPS. The firm’s revenue for the quarter was up 518.2% compared to the same quarter last year. Equities analysts expect that Alder Biopharmaceuticals Inc will post ($5.60) earnings per share for the current fiscal year.
In other Alder Biopharmaceuticals news, Director Stephen M. Dow purchased 25,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $250,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 10.60% of the stock is currently owned by insiders.
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Alder Biopharmaceuticals Company Profile
Alder BioPharmaceuticals, Inc, is a clinical-stage biopharmaceutical company that discovers, develops and seeks to commercialize genetically engineered therapeutic antibodies with the potential to meaningfully transform current treatment paradigms. Alder’s lead pivotal-stage product candidate, eptinezumab, is being evaluated for migraine prevention.
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