Sphera Funds Management LTD Lifted Holding in Shire Plc (SHPG) by $16.39 Million as Share Price Rose

July 13, 2018 - By Mary Markley

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Sphera Funds Management Ltd increased its stake in Shire Plc (SHPG) by 127.17% based on its latest 2018Q1 regulatory filing with the SEC. Sphera Funds Management Ltd bought 110,000 shares as the company’s stock rose 30.80% while stock markets declined. The institutional investor held 196,500 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $29.36M, up from 86,500 at the end of the previous reported quarter. Sphera Funds Management Ltd who had been investing in Shire Plc for a number of months, seems to be bullish on the $53.44B market cap company. The stock increased 0.39% or $0.67 during the last trading session, reaching $172.96. About 361,255 shares traded. Shire plc (NASDAQ:SHPG) has declined 10.60% since July 13, 2017 and is downtrending. It has underperformed by 23.17% the S&P500.

Sphera Funds Management Ltd, which manages about $658.65M US Long portfolio, decreased its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 38,000 shares to 82,000 shares, valued at $9.14M in 2018Q1, according to the filing. It also reduced its holding in Deciphera Pharmaceuticals In by 183,308 shares in the quarter, leaving it with 40,846 shares, and cut its stake in Arsanis Inc.

Another recent and important Shire plc (NASDAQ:SHPG) news was published by Seekingalpha.com which published an article titled: “Insurers making headway on corralling drug costs with copay accumulators” on July 05, 2018.

Shire plc (NASDAQ:SHPG) Ratings Coverage

Among 11 analysts covering Shire (NASDAQ:SHPG), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Shire had 16 analyst reports since February 5, 2018 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Friday, April 20. The stock has “Buy” rating by Cantor Fitzgerald on Thursday, April 26. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, February 14. The firm earned “Buy” rating on Wednesday, March 28 by Bank of America. The firm earned “Buy” rating on Monday, February 5 by RBC Capital Markets. Jefferies maintained the shares of SHPG in report on Thursday, February 15 with “Buy” rating. The stock of Shire plc (NASDAQ:SHPG) earned “Buy” rating by Susquehanna on Friday, February 16. The stock of Shire plc (NASDAQ:SHPG) has “Buy” rating given on Monday, February 5 by Bank of America. The firm earned “Buy” rating on Thursday, February 22 by Bank of America. The firm has “Outperform” rating given on Wednesday, February 14 by Bernstein.

Shire plc (NASDAQ:SHPG) Institutional Positions Chart

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