Great West Life Assurance Co. Can Continues to Hold Stake in Teligent, Inc. (TLGT)
Great West Life Assurance Co. Can held its stake in shares of Teligent, Inc. (NASDAQ:TLGT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,080 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Teligent were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Parkwood LLC purchased a new position in Teligent in the 2nd quarter valued at approximately $112,000. UBS Asset Management Americas Inc. purchased a new position in Teligent in the 1st quarter valued at approximately $170,000. Renaissance Technologies LLC purchased a new position in Teligent in the 1st quarter valued at approximately $198,000. American International Group Inc. boosted its position in Teligent by 7.1% in the 1st quarter. American International Group Inc. now owns 25,488 shares of the company’s stock valued at $199,000 after buying an additional 1,680 shares during the period. Finally, Aperio Group LLC purchased a new position in Teligent in the 2nd quarter valued at approximately $256,000. 65.96% of the stock is owned by institutional investors.
Several brokerages have commented on TLGT. Canaccord Genuity reissued a “buy” rating and issued a $11.00 price target on shares of Teligent in a research report on Tuesday, August 8th. Roth Capital set a $9.00 price target on shares of Teligent and gave the company a “buy” rating in a research report on Wednesday, August 9th. BidaskClub cut shares of Teligent from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research cut shares of Teligent from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, ValuEngine cut shares of Teligent from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Teligent currently has a consensus rating of “Hold” and an average price target of $9.00.
Teligent, Inc. (TLGT) opened at 6.65 on Wednesday. Teligent, Inc. has a 12 month low of $5.75 and a 12 month high of $7.99. The firm has a 50-day moving average of $6.87 and a 200 day moving average of $6.87. The stock’s market cap is $355.05 million.
Teligent (NASDAQ:TLGT) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Teligent had a positive return on equity of 1.49% and a negative net margin of 11.36%. The business had revenue of $18.40 million for the quarter, compared to analysts’ expectations of $20.11 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Teligent’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Teligent, Inc. will post $0.07 EPS for the current year.
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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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