JPMorgan Chase & Co. Acquires 7,620 Shares of Theravance Biopharma, Inc. (NASDAQ:TBPH)

JPMorgan Chase & Co. increased its holdings in shares of Theravance Biopharma, Inc. (NASDAQ:TBPHFree Report) by 2.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 266,879 shares of the biopharmaceutical company’s stock after acquiring an additional 7,620 shares during the period. JPMorgan Chase & Co. owned about 0.54% of Theravance Biopharma worth $2,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC lifted its stake in shares of Theravance Biopharma by 279.9% during the 3rd quarter. Barclays PLC now owns 65,580 shares of the biopharmaceutical company’s stock worth $529,000 after acquiring an additional 48,316 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Theravance Biopharma during the 3rd quarter worth approximately $251,000. XTX Topco Ltd lifted its stake in shares of Theravance Biopharma by 34.5% during the 3rd quarter. XTX Topco Ltd now owns 20,439 shares of the biopharmaceutical company’s stock worth $165,000 after acquiring an additional 5,243 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Theravance Biopharma by 1.1% during the 3rd quarter. Jane Street Group LLC now owns 144,575 shares of the biopharmaceutical company’s stock worth $1,165,000 after acquiring an additional 1,640 shares during the last quarter. Finally, PDT Partners LLC lifted its stake in shares of Theravance Biopharma by 31.2% during the 3rd quarter. PDT Partners LLC now owns 87,177 shares of the biopharmaceutical company’s stock worth $703,000 after acquiring an additional 20,738 shares during the last quarter. 99.10% of the stock is owned by institutional investors.

Theravance Biopharma Stock Up 6.6 %

Shares of NASDAQ TBPH opened at $9.15 on Wednesday. The business has a fifty day simple moving average of $9.45 and a two-hundred day simple moving average of $8.90. The firm has a market cap of $449.91 million, a PE ratio of -9.06 and a beta of 0.21. Theravance Biopharma, Inc. has a twelve month low of $7.44 and a twelve month high of $10.44.

Theravance Biopharma (NASDAQ:TBPHGet Free Report) last issued its earnings results on Tuesday, November 12th. The biopharmaceutical company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.16). The firm had revenue of $16.87 million for the quarter, compared to the consensus estimate of $16.11 million. Theravance Biopharma had a negative net margin of 78.18% and a negative return on equity of 24.79%. During the same period last year, the firm earned ($0.17) earnings per share. On average, research analysts expect that Theravance Biopharma, Inc. will post -1.09 earnings per share for the current year.

Insider Buying and Selling at Theravance Biopharma

In other news, SVP Rhonda Farnum sold 4,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $9.00, for a total value of $36,000.00. Following the completion of the transaction, the senior vice president now directly owns 322,743 shares of the company’s stock, valued at approximately $2,904,687. The trade was a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.90% of the stock is currently owned by corporate insiders.

About Theravance Biopharma

(Free Report)

Theravance Biopharma, Inc is a diversified biopharmaceutical company primarily focused on the discovery, development and commercialization of organ-selective medicines. Its purpose is to pioneer a new generation of small molecule drugs designed to better meet patient needs. Its research is focused in the areas of inflammation and immunology.
In pursuit of its purpose, Theravance Biopharma applies insights and innovation at each stage of its business and utilizes its internal capabilities and those of partners around the world.

See Also

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

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