Teacher Retirement System of Texas Invests $736,000 in Insmed Incorporated (INSM) Stock

Teacher Retirement System of Texas purchased a new stake in shares of Insmed Incorporated (NASDAQ:INSM) in the fourth quarter, Holdings Channel reports. The firm purchased 23,598 shares of the biopharmaceutical company’s stock, valued at approximately $736,000.

Other hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Insmed by 137.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,662 shares of the biopharmaceutical company’s stock worth $145,000 after buying an additional 2,698 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of Insmed in the 4th quarter worth approximately $188,000. Prudential Financial Inc. purchased a new position in shares of Insmed in the 3rd quarter worth approximately $232,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Insmed in the 3rd quarter worth approximately $256,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Insmed in the 3rd quarter worth approximately $287,000. Institutional investors and hedge funds own 98.15% of the company’s stock.

How to Become a New Pot Stock Millionaire

Insmed Incorporated (NASDAQ:INSM) opened at $26.23 on Friday. Insmed Incorporated has a 12 month low of $11.49 and a 12 month high of $33.94. The company has a quick ratio of 8.72, a current ratio of 8.72 and a debt-to-equity ratio of 0.15.

Insmed (NASDAQ:INSM) last posted its quarterly earnings data on Friday, February 23rd. The biopharmaceutical company reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.18). research analysts anticipate that Insmed Incorporated will post -3.65 EPS for the current year.

A number of equities analysts have recently weighed in on INSM shares. Zacks Investment Research downgraded Insmed from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Credit Suisse Group started coverage on Insmed in a research note on Wednesday, January 17th. They issued a “neutral” rating and a $31.00 target price on the stock. BidaskClub upgraded Insmed from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. ValuEngine upgraded Insmed from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, HC Wainwright restated a “buy” rating and issued a $35.00 target price on shares of Insmed in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.67.

COPYRIGHT VIOLATION NOTICE: “Teacher Retirement System of Texas Invests $736,000 in Insmed Incorporated (INSM) Stock” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://sportsperspectives.com/2018/03/10/teacher-retirement-system-of-texas-invests-736000-in-insmed-incorporated-insm-stock.html.

About Insmed

Insmed Incorporated is a biopharmaceutical company. The Company operates through development and commercialization of therapies for patients with rare diseases segment. Its lead product candidate is ARIKAYCE, or liposomal amikacin for inhalation (LAI), which is in late-stage development for adult patients with treatment refractory nontuberculous mycobacteria (NTM) lung disease caused by Mycobacterium avium complex (MAC).

Want to see what other hedge funds are holding INSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insmed Incorporated (NASDAQ:INSM).

Institutional Ownership by Quarter for Insmed (NASDAQ:INSM)

Receive News & Ratings for Insmed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insmed and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply