York Capital Management Global Advisors LLC trimmed its position in Shire PLC (NASDAQ:SHPG) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 464,709 shares of the biopharmaceutical company’s stock after selling 53,487 shares during the quarter. Shire comprises 1.7% of York Capital Management Global Advisors LLC’s investment portfolio, making the stock its 14th biggest position. York Capital Management Global Advisors LLC’s holdings in Shire were worth $72,086,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of SHPG. SeaCrest Wealth Management LLC acquired a new position in shares of Shire in the 4th quarter worth approximately $107,000. Amica Retiree Medical Trust acquired a new position in shares of Shire in the 4th quarter worth approximately $120,000. BB&T Investment Services Inc. lifted its holdings in shares of Shire by 1,672.3% in the 3rd quarter. BB&T Investment Services Inc. now owns 833 shares of the biopharmaceutical company’s stock worth $127,000 after acquiring an additional 786 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Shire in the 3rd quarter worth approximately $159,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Shire by 277.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,253 shares of the biopharmaceutical company’s stock worth $194,000 after acquiring an additional 921 shares during the last quarter. Institutional investors own 19.75% of the company’s stock.
Shares of Shire PLC (NASDAQ:SHPG) traded down $1.14 during trading hours on Monday, hitting $132.32. 115,408 shares of the company’s stock were exchanged, compared to its average volume of 1,386,675. Shire PLC has a 52 week low of $123.73 and a 52 week high of $192.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.97. The stock has a market cap of $40,486.03, a P/E ratio of 9.43, a PEG ratio of 0.77 and a beta of 1.44.
The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 24th. Shareholders of record on Friday, March 9th will be given a $0.8937 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Shire’s previous semiannual dividend of $0.15. This represents a dividend yield of 1.33%. Shire’s dividend payout ratio is currently 7.47%.
SHPG has been the topic of a number of research reports. ValuEngine lowered shares of Shire from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Shire from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Cantor Fitzgerald set a $222.00 target price on shares of Shire and gave the stock a “buy” rating in a report on Wednesday, February 14th. Royal Bank of Canada reduced their target price on shares of Shire to $181.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Shire in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $204.00.
Shire plc is a biotech company focused on serving people with rare diseases and other specialized conditions. The Company’s segment is engaged in research, development, licensing, manufacturing, marketing, distribution and sale of specialist medicines. It focuses its development resources on projects in various therapeutic areas (TAs), including Neuroscience, Ophthalmology, Hematology, Oncology, Immunology, Gastrointestinal (GI)/Metabolic/Endocrinology Diseases.
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