Rosenblum Silverman Sutton S F Inc. CA Decreases Position in Portola Pharmaceuticals Inc (PTLA)
Rosenblum Silverman Sutton S F Inc. CA reduced its stake in shares of Portola Pharmaceuticals Inc (NASDAQ:PTLA) by 6.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 148,370 shares of the biopharmaceutical company’s stock after selling 10,640 shares during the quarter. Portola Pharmaceuticals comprises approximately 1.3% of Rosenblum Silverman Sutton S F Inc. CA’s portfolio, making the stock its 28th largest holding. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Portola Pharmaceuticals were worth $3,951,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of PTLA. Jackson Square Partners LLC acquired a new position in Portola Pharmaceuticals during the 3rd quarter worth about $26,924,000. BlackRock Inc. lifted its position in Portola Pharmaceuticals by 1.1% during the 3rd quarter. BlackRock Inc. now owns 5,307,407 shares of the biopharmaceutical company’s stock worth $141,335,000 after buying an additional 55,895 shares in the last quarter. Asymmetry Capital Management L.P. lifted its position in Portola Pharmaceuticals by 189.1% during the 3rd quarter. Asymmetry Capital Management L.P. now owns 251,881 shares of the biopharmaceutical company’s stock worth $6,708,000 after buying an additional 164,765 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its position in Portola Pharmaceuticals by 12.8% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 164,300 shares of the biopharmaceutical company’s stock worth $4,375,000 after buying an additional 18,600 shares in the last quarter. Finally, C WorldWide Group Holding A S lifted its position in Portola Pharmaceuticals by 51.6% during the 3rd quarter. C WorldWide Group Holding A S now owns 223,682 shares of the biopharmaceutical company’s stock worth $5,957,000 after buying an additional 76,095 shares in the last quarter.
Several brokerages recently issued reports on PTLA. Oppenheimer set a $60.00 price target on shares of Portola Pharmaceuticals and gave the stock a “buy” rating in a research report on Sunday, August 26th. MED reduced their price target on shares of Portola Pharmaceuticals from $70.00 to $60.00 and set a “positive” rating on the stock in a research report on Monday, August 27th. ValuEngine upgraded shares of Portola Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Morgan Stanley reduced their price target on shares of Portola Pharmaceuticals from $45.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, August 13th. Finally, Credit Suisse Group reiterated an “underperform” rating and set a $28.00 price target (down previously from $49.00) on shares of Portola Pharmaceuticals in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $42.86.
Shares of NASDAQ:PTLA opened at $19.28 on Wednesday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -4.01 and a beta of 2.04. Portola Pharmaceuticals Inc has a 1-year low of $18.18 and a 1-year high of $56.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 6.61 and a quick ratio of 6.51.
Portola Pharmaceuticals (NASDAQ:PTLA) last announced its quarterly earnings data on Wednesday, November 7th. The biopharmaceutical company reported ($1.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.54) by $0.46. The firm had revenue of $14.20 million during the quarter, compared to analysts’ expectations of $7.10 million. Portola Pharmaceuticals had a negative return on equity of 135.08% and a negative net margin of 1,020.52%. The company’s quarterly revenue was up 270.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.41) EPS. As a group, sell-side analysts expect that Portola Pharmaceuticals Inc will post -5.03 EPS for the current year.
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About Portola Pharmaceuticals
Portola Pharmaceuticals, Inc, a commercial-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel therapeutics that could advance the fields of thrombosis and other hematologic diseases. The company's two FDA-approved medicines are Andexxa (coagulation factor Xa (recombinant), inactivated-zhzo), an antidote for patients treated with rivaroxaban and apixaban when reversal of anticoagulation is needed due to life-threatening or uncontrolled bleeding; and Bevyxxa (betrixaban), an oral, once-daily Factor Xa inhibitor for the prevention of VTE in adult patients hospitalized for an acute medical illness.
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