California State Teachers Retirement System reduced its position in shares of Patheon N.V. (NYSE:PTHN) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,195 shares of the company’s stock after selling 5,405 shares during the period. California State Teachers Retirement System’s holdings in Patheon N.V. were worth $2,100,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Patheon N.V. in the second quarter valued at approximately $119,000. Seven Eight Capital LP bought a new stake in Patheon N.V. in the second quarter valued at approximately $136,000. Pacad Investment Ltd. bought a new stake in Patheon N.V. in the second quarter valued at approximately $164,000. Utah Retirement Systems bought a new stake in Patheon N.V. in the second quarter valued at approximately $212,000. Finally, Amalgamated Bank bought a new stake in Patheon N.V. in the second quarter valued at approximately $222,000. Institutional investors own 19.07% of the company’s stock.
PTHN has been the topic of several analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $35.00 target price on shares of Patheon N.V. in a report on Friday, July 21st. BidaskClub cut Patheon N.V. from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $33.60.
Shares of Patheon N.V. (PTHN) opened at $34.98 on Wednesday. Patheon N.V. has a twelve month low of $23.72 and a twelve month high of $35.13. The company has a market capitalization of $5,076.86, a P/E ratio of 45.43 and a beta of 3.06. The company has a quick ratio of 0.91, a current ratio of 1.65 and a debt-to-equity ratio of -7.33.
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Patheon N.V. Company Profile
Patheon N.V. is a provider of outsourced pharmaceutical development and manufacturing services. The Company’s segments include Drug Product Services (DPS), Pharmaceutical Development Services (PDS) and Drug Substance Services (DSS). The DPS segment is engaged in manufacturing and packaging for approved prescription, over-the-counter (OTC) and nutritional products.
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