Urovant Sciences Ltd (UROV) Position Reduced by Millennium Management LLC

Millennium Management LLC cut its stake in Urovant Sciences Ltd (NASDAQ:UROV) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,650 shares of the company’s stock after selling 91,114 shares during the period. Millennium Management LLC owned 1.33% of Urovant Sciences worth $2,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC acquired a new stake in Urovant Sciences in the 3rd quarter worth approximately $14,400,000. Perceptive Advisors LLC boosted its stake in Urovant Sciences by 35.2% in the 4th quarter. Perceptive Advisors LLC now owns 625,359 shares of the company’s stock worth $3,915,000 after purchasing an additional 162,700 shares in the last quarter. BlackRock Inc. acquired a new stake in Urovant Sciences in the 3rd quarter worth approximately $4,574,000. Sphera Funds Management LTD. boosted its stake in Urovant Sciences by 30.5% in the 4th quarter. Sphera Funds Management LTD. now owns 214,030 shares of the company’s stock worth $1,410,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Man Group plc acquired a new stake in Urovant Sciences in the 3rd quarter worth approximately $300,000. Institutional investors own 22.77% of the company’s stock.

UROV opened at $8.05 on Monday. Urovant Sciences Ltd has a 12-month low of $4.05 and a 12-month high of $14.49.

Urovant Sciences (NASDAQ:UROV) last posted its quarterly earnings results on Wednesday, February 13th. The company reported ($0.87) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.22. On average, analysts forecast that Urovant Sciences Ltd will post -3.96 earnings per share for the current fiscal year.

A number of research firms recently commented on UROV. Zacks Investment Research upgraded shares of Urovant Sciences from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. HC Wainwright started coverage on shares of Urovant Sciences in a research report on Monday, March 11th. They set a “buy” rating and a $28.00 price target for the company. Finally, SunTrust Banks started coverage on shares of Urovant Sciences in a research report on Friday, March 15th. They set a “buy” rating and a $24.00 price target for the company. Six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $21.13.

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Urovant Sciences Profile

Urovant Sciences Ltd., a clinical-stage biopharmaceutical company, focuses on developing and commercializing therapies for urologic conditions. It is developing vibegron, an oral, once-daily, small molecule beta-3 agonist that is in Phase III trials for the treatment of overactive bladder (OAB) and OAB in men with benign prostatic hyperplasia; and in Phase IIa clinical trials for irritable bowel syndrome-associated pain.

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Institutional Ownership by Quarter for Urovant Sciences (NASDAQ:UROV)

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