Radius Health, Inc. (RDUS) Major Shareholder Buys $1,312,500.00 in Stock
Radius Health, Inc. (NASDAQ:RDUS) major shareholder Growth N. V. Biotech purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of $26.25 per share, with a total value of $1,312,500.00. Following the completion of the purchase, the insider now owns 5,698,799 shares of the company’s stock, valued at approximately $149,593,473.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Radius Health, Inc. (NASDAQ RDUS) opened at $28.32 on Friday. Radius Health, Inc. has a one year low of $24.66 and a one year high of $55.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 12.79 and a current ratio of 12.87.
Radius Health (NASDAQ:RDUS) last posted its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($1.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.28) by ($0.03). The firm had revenue of $13.50 million during the quarter, compared to analyst estimates of $6.90 million. During the same period last year, the firm earned ($1.07) earnings per share. equities analysts anticipate that Radius Health, Inc. will post -5.4 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of RDUS. Principal Financial Group Inc. raised its holdings in shares of Radius Health by 3.1% in the first quarter. Principal Financial Group Inc. now owns 5,970 shares of the biopharmaceutical company’s stock worth $231,000 after buying an additional 180 shares during the period. Teachers Advisors LLC raised its holdings in shares of Radius Health by 4.4% in the first quarter. Teachers Advisors LLC now owns 54,024 shares of the biopharmaceutical company’s stock worth $2,088,000 after buying an additional 2,289 shares during the period. Vanguard Group Inc. raised its holdings in shares of Radius Health by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,010,646 shares of the biopharmaceutical company’s stock worth $116,362,000 after buying an additional 93,188 shares during the period. Geode Capital Management LLC raised its holdings in shares of Radius Health by 6.8% in the first quarter. Geode Capital Management LLC now owns 299,263 shares of the biopharmaceutical company’s stock worth $11,566,000 after buying an additional 19,085 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Radius Health by 98,245.6% in the first quarter. BlackRock Inc. now owns 2,630,745 shares of the biopharmaceutical company’s stock worth $101,679,000 after buying an additional 2,628,070 shares during the period.
A number of equities analysts recently commented on the company. Cantor Fitzgerald set a $58.00 price target on Radius Health and gave the company a “buy” rating in a research note on Sunday, July 23rd. Canaccord Genuity set a $85.00 price target on Radius Health and gave the company a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised Radius Health from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Maxim Group reaffirmed a “positive” rating on shares of Radius Health in a research note on Friday, September 29th. They noted that the move was a valuation call. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Radius Health in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $51.00.
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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