Citigroup Inc. trimmed its holdings in shares of Tricida Inc (NASDAQ:TCDA) by 26.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,411 shares of the company’s stock after selling 851 shares during the period. Citigroup Inc.’s holdings in Tricida were worth $57,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Tricida during the 3rd quarter worth approximately $54,000. TD Asset Management Inc. increased its position in shares of Tricida by 17.7% during the fourth quarter. TD Asset Management Inc. now owns 23,297 shares of the company’s stock worth $549,000 after purchasing an additional 3,500 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Tricida by 2.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 205,409 shares of the company’s stock worth $4,844,000 after purchasing an additional 4,239 shares in the last quarter. Wells Fargo & Company MN purchased a new stake in shares of Tricida during the third quarter worth approximately $170,000. Finally, United Services Automobile Association increased its position in shares of Tricida by 30.8% during the third quarter. United Services Automobile Association now owns 24,848 shares of the company’s stock worth $759,000 after purchasing an additional 5,848 shares in the last quarter. 69.83% of the stock is owned by institutional investors and hedge funds.

Shares of TCDA opened at $34.58 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 16.50 and a quick ratio of 16.51. Tricida Inc has a one year low of $19.43 and a one year high of $40.83. The company has a market cap of $1.56 billion and a P/E ratio of -7.45.

Tricida (NASDAQ:TCDA) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($0.66) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.89) by $0.23. As a group, equities analysts predict that Tricida Inc will post -3.42 EPS for the current year.

Several brokerages recently commented on TCDA. Zacks Investment Research upgraded Tricida from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Saturday, March 30th. Empire boosted their price target on Tricida from $37.00 to $58.00 in a research report on Monday, April 1st.

In other Tricida news, Director Klaus R. Dr Veitinger sold 6,000 shares of the company’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $20.86, for a total value of $125,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Claire Lockey sold 13,494 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.01, for a total value of $337,484.94. The disclosure for this sale can be found here. Insiders have sold 151,794 shares of company stock valued at $4,407,688 over the last quarter.

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Tricida Company Profile

Tricida, Inc, a pharmaceutical company, focuses on the development and commercialization of its drug candidate, TRC101, a non-absorbed, orally-administered polymer designed as a potential treatment for metabolic acidosis in patients with chronic kidney disease (CKD). It has completed a Phase 3, double-blind, placebo-controlled trial of TRC101 in patients with CKD and metabolic acidosis.

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Institutional Ownership by Quarter for Tricida (NASDAQ:TCDA)

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