Blair William & Co. IL Takes Position in Radius Health, Inc. (RDUS)
Blair William & Co. IL acquired a new position in shares of Radius Health, Inc. (NASDAQ:RDUS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,543 shares of the biopharmaceutical company’s stock, valued at approximately $205,000.
Other hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in Radius Health during the 1st quarter worth approximately $105,000. Sei Investments Co. increased its position in Radius Health by 27.7% during the 2nd quarter. Sei Investments Co. now owns 3,180 shares of the biopharmaceutical company’s stock worth $144,000 after purchasing an additional 690 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Radius Health by 1.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,231 shares of the biopharmaceutical company’s stock worth $163,000 after purchasing an additional 46 shares in the last quarter. Karp Capital Management Corp acquired a new position in Radius Health during the 1st quarter worth approximately $217,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Radius Health during the 1st quarter worth approximately $228,000.
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In other Radius Health news, major shareholder Growth N. V. Biotech acquired 50,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was purchased at an average cost of $36.75 per share, for a total transaction of $1,837,500.00. Following the acquisition, the insider now owns 5,298,799 shares in the company, valued at approximately $194,730,863.25. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Growth N. V. Biotech acquired 150,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $34.97 per share, with a total value of $5,245,500.00. Following the completion of the acquisition, the insider now owns 5,113,799 shares in the company, valued at approximately $178,829,551.03. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 260,000 shares of company stock valued at $9,241,800. Company insiders own 15.00% of the company’s stock.
A number of research firms recently issued reports on RDUS. Canaccord Genuity set a $85.00 price objective on shares of Radius Health and gave the stock a “buy” rating in a research report on Monday, July 17th. BidaskClub cut shares of Radius Health from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Cantor Fitzgerald set a $65.00 price objective on shares of Radius Health and gave the stock a “buy” rating in a research report on Monday, July 17th. HC Wainwright reiterated a “buy” rating and set a $63.00 price objective on shares of Radius Health in a research report on Monday, May 15th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Radius Health in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Radius Health currently has an average rating of “Hold” and a consensus target price of $53.60.
Radius Health, Inc. (RDUS) opened at 36.60 on Friday. The firm has a 50-day moving average of $38.51 and a 200 day moving average of $39.43. Radius Health, Inc. has a 12 month low of $31.58 and a 12 month high of $59.22. The firm’s market capitalization is $1.59 billion.
Radius Health (NASDAQ:RDUS) last announced its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($1.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.35) by $0.23. The firm had revenue of $0.98 million for the quarter, compared to analysts’ expectations of $1.96 million. During the same period last year, the firm posted ($1.01) EPS. Equities research analysts forecast that Radius Health, Inc. will post ($5.58) earnings per share for the current year.
Radius Health Company Profile
Radius Health, Inc is a biopharmaceutical company. The Company is focused on the developing therapeutics in the areas of osteoporosis, oncology and endocrine diseases. The Company’s lead investigational product candidate, TYMLOS (abaloparatide-SC) injection is developed for the treatment of postmenopausal women with osteoporosis at high risk for fracture.
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