ibusinesslines.com July 24, 2017

Shire PLC (SHPG) Stake Increased by Morgan Stanley

17 July 2017, 10:35 | Jodi Jackson

North Star Investment Management Corp. increased its stake in Shire PLC by 8.5% in the first quarter. The Birch Hill Investment Advisors Llc holds 108,825 shares with $18.54 million value, up from 89,512 last quarter. Renaissance Group Llc who had been investing in Shire Plc for a number of months, seems to be less bullish one the $50.42 billion market cap company. The stock declined 0.33% or $0.54 reaching $163.8 on the news.

About 316,906 shares traded. It has underperformed by 12.01% the S&P500. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company's stock. Therefore 33% are positive. Cognex Corporation had 28 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by Wedbush on Thursday, May 12 to "Neutral". The firm has "Overweight" rating given on Monday, September 21 by Barclays Capital. Shire PLC now has an average rating of "Buy" and an average price target of $227.45. As per Tuesday, November 17, the company rating was upgraded by Leerink Swann. The firm earned "Buy" rating on Friday, May 6 by Liberum Capital. As per Friday, June 16, the company rating was maintained by RBC Capital Markets.

About 968 shares traded.

More recent Shire PLC (ADR) (NASDAQ:SHPG) news were published by: Marketwatch.com which released: "Shire ADRs jump nearly 7% premarket after positive trial of Angioedema treatment" on May 18, 2017. The rating was maintained by Needham on Tuesday, August 4 with "Buy".

Since February 10, 2017, it had 0 insider purchases, and 2 selling transactions for $638,882 activity. On Tuesday, February 14 the insider BECKHAM BRAD W sold $2.16 million. The Firm sells its products to both do-it-yourself and professional service well-known provider customers. The business had revenue of $3.57 billion during the quarter. It operates through five divisions. It has a 13.46 P/E ratio. The Specialty Minerals produces and sells the synthetic mineral product precipitated calcium carbonate and processed mineral product quicklime (lime).

Investors sentiment increased to 1.01 in Q4 2016. Its down 0.22, from 1.18 in 2016Q3.

Other institutional investors have also recently bought and sold shares of the company. 106 funds opened positions while 394 raised stakes. Voya Invest Limited Liability Corp, a Georgia-based fund reported 658,074 shares. Kalmar De holds 1.21% of its portfolio in Minerals Technologies Inc (NYSE:MTX) for 304,697 shares. Shelton Capital Management now owns 22,270 shares of the biopharmaceutical company's stock worth $3,880,000 after buying an additional 1,304 shares during the period.

Bard Associates Inc holds 0.38% of its portfolio in Truett-Hurst Inc for 457,844 shares. 797.06 million shares or 0.34% more from 794.39 million shares in 2016Q3 were reported. Swiss Financial Bank has 56,600 shares. North Star Investment Management Corp. owns 1.03 million shares or 0.28% of their United States portfolio. Balasa Dinverno And Foltz Lc accumulated 0.07% or 4,025 shares. Macquarie Grp Incorporated has invested 0.11% in Minerals Technologies Inc (NYSE:MTX). The stock of Shire PLC (ADR) (NASDAQ:SHPG) has "Sector Perform" rating given on Tuesday, January 12 by RBC Capital Markets. Therefore 86% are positive.

Shire PLC (NASDAQ:SHPG) last posted its quarterly earnings results on Tuesday, May 2nd. The stock has "Sector Perform" rating by RBC Capital Markets on Monday, October 26. On Friday, May 27 the stock rating was maintained by Credit Suisse with "Neutral". The company now has a consensus rating of "Buy" and an average price target of $227.45. After $3.63 actual earnings per share reported by Shire PLC (ADR) for the previous quarter, Wall Street now forecasts -0.55% negative EPS growth. The firm has "Hold" rating given on Friday, May 26 by Bernstein. As per Monday, September 21, the company rating was upgraded by Barclays Capital. Finally, Royal Bank Of Canada set a $218.00 price objective on Shire PLC and gave the company a "buy" rating in a research report on Thursday, June 8th. The rating was maintained by Cantor Fitzgerald on Tuesday, July 11 with "Buy".

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