Trillium Therapeutics Inc. (NASDAQ:TRIL) (TSE:TR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, October 17th.
According to Zacks, “Trillium Therapeutics Inc. is a clinical stage immuno-oncology company developing innovative therapies for the treatment of cancer. The company’s lead program, SIRPaFc (TTI-621), is a fusion protein that consists of the CD47-binding domain of human SIRPa linked to the Fc region of a human immunoglobulin (IgG1). It is designed to act as a soluble decoy receptor, preventing CD47 from delivering its inhibitory (do not eat) signal. Neutralization of the inhibitory CD47 signal enables the activation of macrophage anti-tumor effects by pro-phagocytic (eat) signals. A Phase 1 clinical trial (NCT02663518) evaluating SIRPaFc is ongoing. Trillium also has a proprietary medicinal chemistry platform, using unique fluorine chemistry, which permits the creation of new chemical entities from validated drugs and drug candidates with improved pharmacological properties. “
A number of other brokerages have also recently commented on TRIL. HC Wainwright set a $7.00 price target on shares of Trillium Therapeutics and gave the company a “buy” rating in a research report on Monday, August 14th. Cowen and Company reissued a “buy” rating on shares of Trillium Therapeutics in a research report on Wednesday, July 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Trillium Therapeutics presently has an average rating of “Buy” and an average price target of $15.00.
Trillium Therapeutics (NASDAQ TRIL) remained flat at $7.35 on Tuesday. The company’s stock had a trading volume of 27,908 shares. The firm’s market capitalization is $79.34 million. The firm’s 50-day moving average price is $5.56 and its 200 day moving average price is $5.20. Trillium Therapeutics has a 1-year low of $4.15 and a 1-year high of $15.50.
TRADEMARK VIOLATION NOTICE: This report was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/27/trillium-therapeutics-inc-tril-downgraded-to-sell-at-zacks-investment-research.html.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its position in Trillium Therapeutics by 34.1% in the 1st quarter. Wells Fargo & Company MN now owns 17,700 shares of the biotechnology company’s stock valued at $109,000 after acquiring an additional 4,500 shares in the last quarter. Creative Planning lifted its position in Trillium Therapeutics by 1.1% in the 2nd quarter. Creative Planning now owns 26,400 shares of the biotechnology company’s stock valued at $116,000 after acquiring an additional 300 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in Trillium Therapeutics in the 2nd quarter valued at about $128,000. K2 Principal Fund L.P. bought a new position in Trillium Therapeutics in the 2nd quarter valued at about $264,000. Finally, Victory Capital Management Inc. lifted its position in Trillium Therapeutics by 40.0% in the 1st quarter. Victory Capital Management Inc. now owns 77,601 shares of the biotechnology company’s stock valued at $479,000 after acquiring an additional 22,171 shares in the last quarter. 47.97% of the stock is currently owned by institutional investors and hedge funds.
Trillium Therapeutics Company Profile
Trillium Therapeutics Inc, a clinical-stage immuno-oncology company, develops therapies for the treatment of cancer. The companys lead program is TTI-621, a SIRPaFc fusion protein that acts a soluble decoy receptor preventing CD47 from delivering its inhibitory signal, which is in Phase I clinical trial for advanced hematologic malignancies and solid tumors therapy.
Get a free copy of the Zacks research report on Trillium Therapeutics (TRIL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Trillium Therapeutics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trillium Therapeutics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.