Great Lakes Advisors LLC raised its position in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) by 94.4% during the third quarter, Holdings Channel reports. The institutional investor owned 75,275 shares of the company’s stock after buying an additional 36,546 shares during the period. Great Lakes Advisors LLC’s holdings in Quintiles Transitional Holdings were worth $6,102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of Q. Toronto Dominion Bank boosted its stake in shares of Quintiles Transitional Holdings by 158.5% in the third quarter. Toronto Dominion Bank now owns 1,272 shares of the company’s stock valued at $103,000 after buying an additional 780 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Quintiles Transitional Holdings by 22.2% in the second quarter. Pacer Advisors Inc. now owns 1,685 shares of the company’s stock valued at $110,000 after buying an additional 306 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Quintiles Transitional Holdings by 41.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,700 shares of the company’s stock valued at $111,000 after buying an additional 500 shares during the last quarter. Invictus RG purchased a new stake in shares of Quintiles Transitional Holdings during the second quarter valued at about $125,000. Finally, Citizens Financial Group Inc RI boosted its stake in shares of Quintiles Transitional Holdings by 4.7% in the second quarter. Citizens Financial Group Inc RI now owns 2,070 shares of the company’s stock valued at $135,000 after buying an additional 92 shares during the last quarter. 45.37% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Quintiles Transitional Holdings (NYSE:Q)

Quintiles Transitional Holdings Inc. (NYSE:Q) traded down 5.07% during midday trading on Wednesday, hitting $76.83. The stock had a trading volume of 4,721,071 shares. The stock’s 50-day moving average is $76.04 and its 200-day moving average is $73.44. Quintiles Transitional Holdings Inc. has a one year low of $55.01 and a one year high of $81.45. The company has a market cap of $18.91 billion, a P/E ratio of 23.63 and a beta of 0.66.

Quintiles Transitional Holdings (NYSE:Q) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Quintiles Transitional Holdings had a negative return on equity of 212.51% and a net margin of 6.55%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 earnings per share. Equities analysts predict that Quintiles Transitional Holdings Inc. will post $3.90 EPS for the current fiscal year.

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A number of analysts have recently weighed in on Q shares. Zacks Investment Research upgraded Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Tuesday, August 2nd. TheStreet upgraded Quintiles Transitional Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 10th. Goldman Sachs Group Inc. upgraded Quintiles Transitional Holdings from a “not rated” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Wednesday, October 5th. Argus reiterated a “buy” rating and set a $85.00 price target (up from $75.00) on shares of Quintiles Transitional Holdings in a research report on Thursday, August 18th. Finally, Jefferies Group cut Quintiles Transitional Holdings from a “buy” rating to a “hold” rating and set a $79.00 price target on the stock. in a research report on Wednesday, October 19th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Quintiles Transitional Holdings currently has an average rating of “Buy” and a consensus price target of $81.67.

In other news, Director Jack M. Greenberg sold 2,000 shares of Quintiles Transitional Holdings stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $79.77, for a total value of $159,540.00. Following the completion of the transaction, the director now owns 2,930 shares in the company, valued at $233,726.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.90% of the company’s stock.

About Quintiles Transitional Holdings

Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services. The Company is engaged in the development and commercialization of pharmaceutical therapies. The Company’s segments include Product Development and Integrated Healthcare Services.

5 Day Chart for NYSE:Q

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