Oppenheimer Asset Management Inc. decreased its stake in Eidos Therapeutics Inc (NASDAQ:EIDX) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,210 shares of the company’s stock after selling 713 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Eidos Therapeutics were worth $131,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Eidos Therapeutics by 151.8% in the second quarter. Bank of Montreal Can now owns 1,385 shares of the company’s stock worth $43,000 after buying an additional 835 shares during the period. Alps Advisors Inc. purchased a new stake in shares of Eidos Therapeutics in the second quarter valued at $2,395,000. Swiss National Bank purchased a new stake in shares of Eidos Therapeutics in the second quarter valued at $426,000. SG Americas Securities LLC purchased a new stake in shares of Eidos Therapeutics in the second quarter valued at $125,000. Finally, Strs Ohio lifted its holdings in shares of Eidos Therapeutics by 457.1% in the second quarter. Strs Ohio now owns 11,700 shares of the company’s stock valued at $363,000 after purchasing an additional 9,600 shares in the last quarter. 32.46% of the stock is owned by institutional investors.
In other news, insider Jonathan C. Fox sold 15,000 shares of Eidos Therapeutics stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $40.04, for a total value of $600,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Uma Sinha sold 5,000 shares of Eidos Therapeutics stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $36.13, for a total transaction of $180,650.00. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock valued at $1,171,700 in the last quarter. 70.10% of the stock is currently owned by corporate insiders.
Eidos Therapeutics (NASDAQ:EIDX) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.01). As a group, equities analysts anticipate that Eidos Therapeutics Inc will post -1.7 EPS for the current year.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Eidos Therapeutics from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Piper Jaffray Companies assumed coverage on Eidos Therapeutics in a report on Monday, July 22nd. They issued an “overweight” rating and a $55.00 target price for the company. BTIG Research increased their target price on Eidos Therapeutics to $56.00 and gave the company a “buy” rating in a report on Friday. Finally, BMO Capital Markets increased their target price on Eidos Therapeutics to $50.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Eidos Therapeutics has a consensus rating of “Buy” and an average price target of $37.57.
Eidos Therapeutics Company Profile
Eidos Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on developing drugs to treat diseases caused by transthyretin (TTR) amyloidosis (ATTR). It is developing AG10, an orally-administered small molecule designed to stabilize tetrameric TTR, thereby halting at its outset the series of molecular events that give rise to ATTR.
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