Adell Harriman & Carpenter Inc. Takes Position in ZIOPHARM Oncology Inc (ZIOP)
Adell Harriman & Carpenter Inc. purchased a new stake in shares of ZIOPHARM Oncology Inc (NASDAQ:ZIOP) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 23,029 shares of the biotechnology company’s stock, valued at approximately $141,000.
Other large investors also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in shares of ZIOPHARM Oncology by 12.9% during the second quarter. Amalgamated Bank now owns 16,807 shares of the biotechnology company’s stock valued at $105,000 after purchasing an additional 1,924 shares during the period. BB&T Securities LLC purchased a new stake in shares of ZIOPHARM Oncology during the second quarter valued at approximately $112,000. Oppenheimer & Co. Inc. boosted its stake in shares of ZIOPHARM Oncology by 50.0% during the second quarter. Oppenheimer & Co. Inc. now owns 18,000 shares of the biotechnology company’s stock valued at $112,000 after purchasing an additional 6,000 shares during the period. Principal Financial Group Inc. boosted its stake in shares of ZIOPHARM Oncology by 7.5% during the second quarter. Principal Financial Group Inc. now owns 24,046 shares of the biotechnology company’s stock valued at $150,000 after purchasing an additional 1,673 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in shares of ZIOPHARM Oncology during the second quarter valued at approximately $162,000. 41.88% of the stock is owned by hedge funds and other institutional investors.
ZIOPHARM Oncology Inc (NASDAQ:ZIOP) traded up $0.21 during trading hours on Tuesday, hitting $4.51. The stock had a trading volume of 2,756,400 shares, compared to its average volume of 1,341,807. ZIOPHARM Oncology Inc has a 52-week low of $4.03 and a 52-week high of $7.88.
ZIOPHARM Oncology (NASDAQ:ZIOP) last announced its quarterly earnings results on Monday, November 6th. The biotechnology company reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13). The business had revenue of $1.60 million during the quarter, compared to analysts’ expectations of $1.66 million. During the same period in the previous year, the business earned ($0.11) EPS. The business’s revenue was up .0% compared to the same quarter last year. sell-side analysts forecast that ZIOPHARM Oncology Inc will post -0.54 EPS for the current year.
A number of research firms have recently weighed in on ZIOP. ValuEngine lowered ZIOPHARM Oncology from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research raised ZIOPHARM Oncology from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research note on Friday. BidaskClub raised ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, HC Wainwright set a $10.00 price objective on ZIOPHARM Oncology and gave the company a “buy” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. ZIOPHARM Oncology currently has a consensus rating of “Hold” and a consensus price target of $12.58.
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In other ZIOPHARM Oncology news, CEO Laurence James Neil Cooper purchased 6,440 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average price of $4.68 per share, with a total value of $30,139.20. Following the completion of the purchase, the chief executive officer now directly owns 1,083,731 shares of the company’s stock, valued at approximately $5,071,861.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.40% of the company’s stock.
About ZIOPHARM Oncology
ZIOPHARM Oncology, Inc is a biopharmaceutical company, which is seeking to develop, acquire and commercialize, on its own or with partners, a portfolio of cancer therapies that address unmet medical needs. The Company is focused on developing products in immuno-oncology that employ gene expression, control and cell technologies to deliver cell- and viral-based therapies for the treatment of cancer and graft-versus-host-disease.
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