BidaskClub downgraded shares of Clovis Oncology (NASDAQ:CLVS) from a hold rating to a sell rating in a research note issued to investors on Thursday.
Several other equities analysts have also issued reports on CLVS. Oppenheimer reissued a hold rating on shares of Clovis Oncology in a research note on Wednesday, December 20th. ValuEngine raised Clovis Oncology from a sell rating to a hold rating in a research note on Friday, December 29th. JPMorgan Chase reissued a buy rating on shares of Clovis Oncology in a research note on Thursday, January 11th. Zacks Investment Research lowered Clovis Oncology from a hold rating to a sell rating in a research note on Tuesday, January 16th. Finally, Credit Suisse Group set a $86.00 price target on Clovis Oncology and gave the company a buy rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Clovis Oncology has an average rating of Buy and an average price target of $87.60.
Shares of CLVS stock opened at $50.17 on Thursday. Clovis Oncology has a one year low of $45.42 and a one year high of $99.45. The company has a current ratio of 7.69, a quick ratio of 7.35 and a debt-to-equity ratio of 0.77.
In other news, Director Thorlef Spickschen sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $61.47, for a total transaction of $276,615.00. Following the transaction, the director now directly owns 12,118 shares of the company’s stock, valued at $744,893.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gillian C. Ivers-Read sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $54.09, for a total value of $162,270.00. Following the transaction, the insider now directly owns 180,571 shares in the company, valued at $9,767,085.39. The disclosure for this sale can be found here. Insiders have sold 16,500 shares of company stock worth $978,975 over the last ninety days. 12.50% of the stock is owned by insiders.
Several large investors have recently modified their holdings of CLVS. HealthCor Management L.P. raised its position in Clovis Oncology by 50.4% in the 4th quarter. HealthCor Management L.P. now owns 973,840 shares of the biopharmaceutical company’s stock valued at $66,221,000 after buying an additional 326,420 shares during the last quarter. Redmile Group LLC raised its position in Clovis Oncology by 32.5% in the 4th quarter. Redmile Group LLC now owns 1,320,027 shares of the biopharmaceutical company’s stock valued at $89,762,000 after buying an additional 323,417 shares during the last quarter. Franklin Resources Inc. raised its position in Clovis Oncology by 13.8% in the 4th quarter. Franklin Resources Inc. now owns 2,634,401 shares of the biopharmaceutical company’s stock valued at $179,138,000 after buying an additional 318,931 shares during the last quarter. Millennium Management LLC purchased a new stake in Clovis Oncology in the 4th quarter valued at $17,652,000. Finally, UBS Asset Management Americas Inc. raised its position in Clovis Oncology by 47.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 552,082 shares of the biopharmaceutical company’s stock valued at $37,542,000 after buying an additional 178,337 shares during the last quarter. 98.19% of the stock is currently owned by institutional investors.
Clovis Oncology Company Profile
Clovis Oncology, Inc, a biopharmaceutical company, focuses on acquiring, developing, and commercializing anti-cancer agents in the United States, Europe, and internationally. Its commercial product includes Rubraca (rucaparib) tablet, a small molecule poly ADP-ribose polymerase inhibitor, used as monotherapy for the treatment of patients with deleterious BRCA mutation associated advanced ovarian cancer, who have been treated with two or more chemotherapies, and selected for therapy by an FDA-approved companion diagnostic for Rubraca.
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