American Century Companies Inc. Has $3.86 Million Position in Puma Biotechnology Inc (PBYI)
American Century Companies Inc. increased its position in Puma Biotechnology Inc (NYSE:PBYI) by 63.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,102 shares of the biopharmaceutical company’s stock after acquiring an additional 17,115 shares during the period. American Century Companies Inc. owned approximately 0.12% of Puma Biotechnology worth $3,855,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in PBYI. Bank of Montreal Can acquired a new stake in shares of Puma Biotechnology in the 1st quarter worth about $195,000. Wells Fargo & Company MN increased its holdings in shares of Puma Biotechnology by 10.0% in the 1st quarter. Wells Fargo & Company MN now owns 24,151 shares of the biopharmaceutical company’s stock worth $899,000 after acquiring an additional 2,201 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Puma Biotechnology by 101.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 43,000 shares of the biopharmaceutical company’s stock worth $1,600,000 after acquiring an additional 21,700 shares during the period. Suntrust Banks Inc. increased its holdings in shares of Puma Biotechnology by 98.1% in the 1st quarter. Suntrust Banks Inc. now owns 28,314 shares of the biopharmaceutical company’s stock worth $1,052,000 after acquiring an additional 14,023 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Puma Biotechnology by 999.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 23,071 shares of the biopharmaceutical company’s stock worth $858,000 after acquiring an additional 20,972 shares during the period. 80.98% of the stock is currently owned by institutional investors and hedge funds.
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A number of analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $110.00 price objective (down previously from $118.00) on shares of Puma Biotechnology in a report on Thursday, August 10th. BidaskClub raised shares of Puma Biotechnology from a “hold” rating to a “buy” rating in a report on Friday. Citigroup Inc. raised shares of Puma Biotechnology to a “buy” rating and set a $105.00 price objective on the stock in a report on Sunday, May 28th. J P Morgan Chase & Co set a $105.00 price objective on shares of Puma Biotechnology and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Credit Suisse Group increased their price objective on shares of Puma Biotechnology from $118.00 to $136.00 and gave the stock an “outperform” rating in a report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $110.70.
In other Puma Biotechnology news, SVP Richard Paul Bryce sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $100.09, for a total transaction of $1,501,350.00. Following the completion of the sale, the senior vice president now directly owns 28,239 shares of the company’s stock, valued at approximately $2,826,441.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alan H. Auerbach sold 13,175 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $94.73, for a total value of $1,248,067.75. Following the sale, the insider now directly owns 4,170,623 shares of the company’s stock, valued at $395,083,116.79. The disclosure for this sale can be found here. Insiders sold 35,173 shares of company stock valued at $3,373,689 over the last ninety days. 22.70% of the stock is currently owned by company insiders.
Puma Biotechnology Inc (PBYI) opened at 105.55 on Tuesday. The company’s market cap is $3.93 billion. The company has a 50-day moving average of $88.21 and a 200-day moving average of $64.22. Puma Biotechnology Inc has a 12 month low of $28.35 and a 12 month high of $109.85.
Puma Biotechnology (NYSE:PBYI) last released its quarterly earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($2.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.32) by $0.78. Analysts predict that Puma Biotechnology Inc will post ($8.60) EPS for the current year.
Puma Biotechnology Company Profile
Puma Biotechnology, Inc is a biopharmaceutical company that focuses on the development and commercialization of products for the treatment of cancer. The Company focuses on in-licensing the development and commercialization rights to over three drug candidates, including PB272 (neratinib (oral)), PB272 (neratinib (intravenous)) and PB357.
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