Engineers Gate Manager LP purchased a new stake in Theravance Biopharma, Inc. (NASDAQ:TBPH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,051 shares of the biopharmaceutical company’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in Theravance Biopharma by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 323,578 shares of the biopharmaceutical company’s stock valued at $5,750,000 after purchasing an additional 10,014 shares in the last quarter. Laurion Capital Management LP increased its stake in Theravance Biopharma by 3,191.6% in the fourth quarter. Laurion Capital Management LP now owns 641,235 shares of the biopharmaceutical company’s stock valued at $11,395,000 after purchasing an additional 621,754 shares in the last quarter. Allstate Corp bought a new stake in Theravance Biopharma in the fourth quarter valued at $220,000. CWM Advisors LLC bought a new stake in Theravance Biopharma in the fourth quarter valued at $208,000. Finally, Penserra Capital Management LLC increased its stake in Theravance Biopharma by 170.3% in the fourth quarter. Penserra Capital Management LLC now owns 1,465 shares of the biopharmaceutical company’s stock valued at $26,000 after purchasing an additional 923 shares in the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

Theravance Biopharma stock opened at $21.55 on Thursday. Theravance Biopharma, Inc. has a fifty-two week low of $14.48 and a fifty-two week high of $31.35. The stock has a market cap of $1.41 billion, a PE ratio of -4.56 and a beta of 0.94. The firm’s 50-day simple moving average is $19.56 and its 200 day simple moving average is $18.36.

Theravance Biopharma (NASDAQ:TBPH) last released its quarterly earnings results on Monday, February 22nd. The biopharmaceutical company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($1.02) by $0.10. On average, equities analysts predict that Theravance Biopharma, Inc. will post -4.25 EPS for the current fiscal year.

TBPH has been the subject of several recent research reports. SVB Leerink decreased their target price on shares of Theravance Biopharma from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, April 1st. Morgan Stanley decreased their target price on shares of Theravance Biopharma from $31.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 8th. Finally, Zacks Investment Research downgraded shares of Theravance Biopharma from a “hold” rating to a “strong sell” rating and set a $15.00 target price for the company. in a research report on Monday, January 18th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. Theravance Biopharma presently has a consensus rating of “Buy” and a consensus price target of $31.00.

In other Theravance Biopharma news, SVP Philip D. Worboys sold 8,829 shares of the business’s stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of $20.00, for a total value of $176,580.00. Following the transaction, the senior vice president now directly owns 343,679 shares in the company, valued at $6,873,580. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by insiders.

About Theravance Biopharma

Theravance Biopharma, Inc, a diversified biopharmaceutical company, discovers, develops, and commercializes organ-selective medicines in the United States, Europe, and Asia. The company offers YUPELRI, a once-daily, nebulized long-acting muscarinic antagonist used for the treatment of chronic obstructive pulmonary disease (COPD).

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Institutional Ownership by Quarter for Theravance Biopharma (NASDAQ:TBPH)

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