California State Teachers Retirement System Sells 4,903 Shares of Puma Biotechnology Inc (PBYI)

California State Teachers Retirement System decreased its position in Puma Biotechnology Inc (NASDAQ:PBYI) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,990 shares of the biopharmaceutical company’s stock after selling 4,903 shares during the period. California State Teachers Retirement System owned about 0.12% of Puma Biotechnology worth $5,507,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PBYI. Russell Investments Group Ltd. purchased a new stake in shares of Puma Biotechnology in the second quarter valued at about $2,026,000. Strs Ohio purchased a new stake in shares of Puma Biotechnology in the second quarter valued at about $122,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Puma Biotechnology by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 123,380 shares of the biopharmaceutical company’s stock valued at $10,784,000 after acquiring an additional 4,068 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Puma Biotechnology by 0.8% in the second quarter. Rhumbline Advisers now owns 33,733 shares of the biopharmaceutical company’s stock valued at $2,948,000 after acquiring an additional 271 shares in the last quarter. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Puma Biotechnology in the second quarter valued at about $1,923,000. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on PBYI shares. Bank of America reaffirmed a “buy” rating and issued a $135.00 target price (up previously from $117.00) on shares of Puma Biotechnology in a report on Monday, October 9th. Citigroup reaffirmed a “buy” rating and issued a $156.00 target price (up previously from $114.00) on shares of Puma Biotechnology in a report on Thursday, October 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $131.00 target price on shares of Puma Biotechnology in a report on Wednesday, October 4th. BidaskClub raised shares of Puma Biotechnology from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Finally, Stifel Nicolaus lifted their target price on shares of Puma Biotechnology from $110.00 to $130.00 and gave the company a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. Puma Biotechnology presently has an average rating of “Buy” and a consensus price target of $130.67.

In related news, insider Charles R. Eyler sold 1,322 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $105.46, for a total transaction of $139,418.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 21.10% of the stock is currently owned by insiders.

Shares of Puma Biotechnology Inc (NASDAQ PBYI) opened at $98.85 on Tuesday. The company has a market cap of $3,750.00, a PE ratio of -12.07 and a beta of 0.73. Puma Biotechnology Inc has a fifty-two week low of $28.35 and a fifty-two week high of $136.90.

Puma Biotechnology (NASDAQ:PBYI) last released its quarterly earnings data on Thursday, November 9th. The biopharmaceutical company reported ($2.07) EPS for the quarter, topping analysts’ consensus estimates of ($2.50) by $0.43. The company had revenue of $6.10 million for the quarter, compared to analysts’ expectations of $3.78 million. During the same period in the prior year, the firm posted ($1.11) EPS. analysts anticipate that Puma Biotechnology Inc will post -8.19 earnings per share for the current fiscal year.

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Puma Biotechnology Company Profile

Puma Biotechnology, Inc is a biopharmaceutical company that focuses on the development and commercialization of products for the treatment of cancer. The Company focuses on in-licensing the development and commercialization rights to over three drug candidates, including PB272 (neratinib (oral)), PB272 (neratinib (intravenous)) and PB357.

Institutional Ownership by Quarter for Puma Biotechnology (NASDAQ:PBYI)

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