Pacad Investment Ltd. Purchases New Stake in Juno Therapeutics, Inc. (JUNO)
Pacad Investment Ltd. purchased a new stake in Juno Therapeutics, Inc. (NASDAQ:JUNO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,500 shares of the biopharmaceutical company’s stock, valued at approximately $105,000.
A number of other hedge funds also recently bought and sold shares of JUNO. Teachers Advisors LLC raised its position in Juno Therapeutics by 12.3% in the 4th quarter. Teachers Advisors LLC now owns 60,834 shares of the biopharmaceutical company’s stock valued at $1,147,000 after purchasing an additional 6,643 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in Juno Therapeutics in the 1st quarter valued at about $200,000. Wells Fargo & Company MN raised its position in Juno Therapeutics by 238.4% in the 1st quarter. Wells Fargo & Company MN now owns 121,392 shares of the biopharmaceutical company’s stock valued at $2,693,000 after purchasing an additional 85,516 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Juno Therapeutics by 111.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 94,400 shares of the biopharmaceutical company’s stock valued at $2,095,000 after purchasing an additional 49,700 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Juno Therapeutics by 80.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 8,518 shares of the biopharmaceutical company’s stock valued at $189,000 after purchasing an additional 3,800 shares in the last quarter. 70.76% of the stock is currently owned by institutional investors.
Shares of Juno Therapeutics, Inc. (JUNO) opened at 44.30 on Monday. The stock’s market cap is $4.65 billion. The stock has a 50 day moving average price of $34.04 and a 200-day moving average price of $27.13. Juno Therapeutics, Inc. has a 12 month low of $17.52 and a 12 month high of $47.00.
Juno Therapeutics (NASDAQ:JUNO) last announced its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.24). The company had revenue of $21.30 million for the quarter, compared to analyst estimates of $15.59 million. Juno Therapeutics had a negative net margin of 354.36% and a negative return on equity of 27.10%. Juno Therapeutics’s revenue was down 22.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.64) EPS. On average, analysts forecast that Juno Therapeutics, Inc. will post ($3.12) EPS for the current fiscal year.
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A number of equities research analysts have issued reports on the company. ValuEngine raised Juno Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Wells Fargo & Company reiterated an “outperform” rating and issued a $54.00 price objective (up previously from $35.00) on shares of Juno Therapeutics in a report on Tuesday, September 5th. Barclays PLC began coverage on Juno Therapeutics in a research note on Wednesday, September 6th. They set an “overweight” rating and a $55.00 price target on the stock. Standpoint Research restated a “reduce” rating on shares of Juno Therapeutics in a research note on Thursday, August 31st. Finally, Raymond James Financial, Inc. upgraded Juno Therapeutics from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Juno Therapeutics has an average rating of “Hold” and a consensus price target of $34.88.
In other news, EVP Robert Azelby sold 12,850 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $44.95, for a total value of $577,607.50. Following the completion of the sale, the executive vice president now owns 37,439 shares in the company, valued at $1,682,883.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steve Harr sold 8,750 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $30.00, for a total value of $262,500.00. Following the completion of the sale, the chief financial officer now owns 736,189 shares of the company’s stock, valued at approximately $22,085,670. The disclosure for this sale can be found here. Insiders sold 8,119,219 shares of company stock valued at $220,455,844 in the last 90 days. Corporate insiders own 15.26% of the company’s stock.
About Juno Therapeutics
Juno Therapeutics, Inc (Juno) is a biopharmaceutical company, which is focused on developing cellular immunotherapies for the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.
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