Colony Group LLC cut its stake in shares of Emergent Biosolutions Inc (NYSE:EBS) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,610 shares of the biopharmaceutical company’s stock after selling 895 shares during the period. Colony Group LLC owned about 0.06% of Emergent Biosolutions worth $1,874,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Rehmann Capital Advisory Group boosted its stake in Emergent Biosolutions by 78.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 452 shares of the biopharmaceutical company’s stock worth $27,000 after purchasing an additional 199 shares during the period. Quantamental Technologies LLC bought a new stake in Emergent Biosolutions in the 4th quarter worth approximately $29,000. Semmax Financial Advisors Inc. bought a new stake in Emergent Biosolutions in the 4th quarter worth approximately $30,000. Bronfman E.L. Rothschild L.P. lifted its position in Emergent Biosolutions by 1,108.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,112 shares of the biopharmaceutical company’s stock worth $66,000 after buying an additional 1,020 shares during the last quarter. Finally, Clarus Wealth Advisors lifted its position in Emergent Biosolutions by 1,518.0% in the 4th quarter. Clarus Wealth Advisors now owns 1,618 shares of the biopharmaceutical company’s stock worth $96,000 after buying an additional 1,518 shares during the last quarter. Institutional investors and hedge funds own 84.63% of the company’s stock.
EBS has been the topic of several research analyst reports. Wells Fargo & Co set a $68.00 target price on Emergent Biosolutions and gave the company a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research cut Emergent Biosolutions from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. ValuEngine raised Emergent Biosolutions from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. TheStreet cut Emergent Biosolutions from a “b+” rating to a “c+” rating in a research note on Tuesday, March 12th. Finally, Cantor Fitzgerald set a $75.00 price target on Emergent Biosolutions and gave the stock a “buy” rating in a research note on Friday, January 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Emergent Biosolutions presently has a consensus rating of “Buy” and a consensus price target of $70.43.
Emergent Biosolutions stock traded down $0.22 during mid-day trading on Monday, reaching $52.89. 300,127 shares of the stock traded hands, compared to its average volume of 501,850. The stock has a market cap of $2.72 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 0.83 and a beta of 1.33. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.07 and a current ratio of 3.10. Emergent Biosolutions Inc has a 12-month low of $46.93 and a 12-month high of $73.89.
Emergent Biosolutions (NYSE:EBS) last issued its quarterly earnings results on Thursday, February 21st. The biopharmaceutical company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. The business had revenue of $270.70 million during the quarter, compared to analysts’ expectations of $269.05 million. Emergent Biosolutions had a return on equity of 12.61% and a net margin of 8.02%. The business’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. As a group, sell-side analysts predict that Emergent Biosolutions Inc will post 3.23 EPS for the current fiscal year.
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Emergent Biosolutions Company Profile
Emergent BioSolutions Inc focuses on the development, manufacture, and commercialization of medical countermeasures that address public health threats. Its products address public health threats primarily chemical, biological, radiological, nuclear, and explosive-related threats, as well as infectious diseases.
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