G1 THERAPEUTICS (GTHX) Director Fredric N. Eshelman Purchases 250,000 Shares of Stock
G1 THERAPEUTICS (NASDAQ:GTHX) Director Fredric N. Eshelman acquired 250,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $19.73 per share, for a total transaction of $4,932,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
G1 THERAPEUTICS (NASDAQ GTHX) traded up $1.60 during trading hours on Friday, hitting $20.75. 665,200 shares of the stock were exchanged, compared to its average volume of 94,664. G1 THERAPEUTICS has a 52 week low of $12.04 and a 52 week high of $28.67.
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Several large investors have recently bought and sold shares of the company. Alps Advisors Inc. raised its stake in shares of G1 THERAPEUTICS by 9.1% in the third quarter. Alps Advisors Inc. now owns 27,766 shares of the company’s stock valued at $691,000 after acquiring an additional 2,317 shares during the last quarter. Chartwell Investment Partners LLC raised its stake in shares of G1 THERAPEUTICS by 5.0% in the third quarter. Chartwell Investment Partners LLC now owns 92,558 shares of the company’s stock valued at $2,303,000 after acquiring an additional 4,388 shares during the last quarter. American International Group Inc. bought a new position in shares of G1 THERAPEUTICS in the third quarter valued at approximately $130,000. California State Teachers Retirement System bought a new position in shares of G1 THERAPEUTICS in the third quarter valued at approximately $319,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of G1 THERAPEUTICS in the third quarter valued at approximately $364,000. Institutional investors own 35.28% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded G1 THERAPEUTICS from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Cowen and Company reiterated a “buy” rating on shares of G1 THERAPEUTICS in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $29.75.
G1 THERAPEUTICS Company Profile
G1 Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is engaged in developing small-molecule therapies for the treatment of cancer. Its two clinical-stage candidates are trilaciclib (G1T28) and G1T38, which are potent, selective inhibitors of the validated kinase targets CDK4/6.
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