venBio Select Advisor LLC Invests $45.52 Million in Loxo Oncology Inc (LOXO)

venBio Select Advisor LLC acquired a new position in shares of Loxo Oncology Inc (NASDAQ:LOXO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 325,000 shares of the biopharmaceutical company’s stock, valued at approximately $45,523,000. Loxo Oncology accounts for 2.7% of venBio Select Advisor LLC’s holdings, making the stock its 12th largest holding.

Several other large investors also recently bought and sold shares of LOXO. Exane Derivatives purchased a new position in shares of Loxo Oncology during the 4th quarter worth approximately $43,000. Dorsey Wright & Associates boosted its position in shares of Loxo Oncology by 20.0% during the 4th quarter. Dorsey Wright & Associates now owns 312 shares of the biopharmaceutical company’s stock worth $44,000 after purchasing an additional 52 shares during the period. Meeder Asset Management Inc. boosted its position in Loxo Oncology by 177.0% in the 4th quarter. Meeder Asset Management Inc. now owns 338 shares of the biopharmaceutical company’s stock valued at $48,000 after buying an additional 216 shares during the period. Cornerstone Advisors Inc. boosted its position in Loxo Oncology by 46.0% in the 4th quarter. Cornerstone Advisors Inc. now owns 387 shares of the biopharmaceutical company’s stock valued at $54,000 after buying an additional 122 shares during the period. Finally, Advisor Group Inc. boosted its position in Loxo Oncology by 78.4% in the 4th quarter. Advisor Group Inc. now owns 505 shares of the biopharmaceutical company’s stock valued at $71,000 after buying an additional 222 shares during the period. 96.49% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on LOXO. Zacks Investment Research raised shares of Loxo Oncology from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. BidaskClub cut shares of Loxo Oncology from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. William Blair reissued a “buy” rating on shares of Loxo Oncology in a research report on Tuesday, November 27th. Leerink Swann cut shares of Loxo Oncology from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. Finally, JMP Securities reissued a “buy” rating and issued a $215.00 price target on shares of Loxo Oncology in a research report on Thursday, November 29th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Loxo Oncology presently has an average rating of “Buy” and a consensus price target of $198.58.



Shares of LOXO remained flat at $$234.66 during midday trading on Friday. 400 shares of the stock were exchanged, compared to its average volume of 565,561. Loxo Oncology Inc has a fifty-two week low of $101.70 and a fifty-two week high of $234.93. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of -44.19 and a beta of 2.51.

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Loxo Oncology Profile

Loxo Oncology, Inc, a biopharmaceutical company, develops and sells medicines for patients with genetically defined cancers in the United States. Its lead product candidate comprises larotrectinib, an oral selective inhibitor of tropomyosin receptor kinase (TRK), which is in adult Phase 1 trial, a pediatric Phase 1/2 trial, and an adult/adolescent Phase 2 trial for the treatment of patients with tumor types, such as lung, head and neck, melanoma, colorectal, sarcoma, and breast cancer.

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Institutional Ownership by Quarter for Loxo Oncology (NASDAQ:LOXO)

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