Retrophin Inc (RTRX) Stake Lowered by Prudential Financial Inc.

Prudential Financial Inc. lessened its holdings in Retrophin Inc (NASDAQ:RTRX) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 332,516 shares of the biopharmaceutical company’s stock after selling 38,427 shares during the period. Prudential Financial Inc. owned approximately 0.81% of Retrophin worth $9,554,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Trexquant Investment LP acquired a new position in shares of Retrophin in the 2nd quarter valued at $273,000. Sei Investments Co. acquired a new position in shares of Retrophin in the 2nd quarter valued at $141,000. Algert Global LLC purchased a new stake in shares of Retrophin in the 2nd quarter valued at $358,000. PNC Financial Services Group Inc. raised its holdings in shares of Retrophin by 1,404.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 272,328 shares of the biopharmaceutical company’s stock valued at $7,424,000 after buying an additional 254,232 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Retrophin by 1.3% in the 2nd quarter. Jennison Associates LLC now owns 1,070,327 shares of the biopharmaceutical company’s stock valued at $29,177,000 after buying an additional 14,166 shares during the period.

RTRX stock opened at $23.85 on Wednesday. The company has a current ratio of 5.04, a quick ratio of 4.99 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.01 billion, a P/E ratio of -15.90 and a beta of 1.19. Retrophin Inc has a 12-month low of $20.09 and a 12-month high of $33.00.

Retrophin (NASDAQ:RTRX) last posted its quarterly earnings data on Thursday, November 1st. The biopharmaceutical company reported ($0.92) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.39). The firm had revenue of $40.70 million during the quarter, compared to analysts’ expectations of $44.36 million. Retrophin had a negative net margin of 69.38% and a negative return on equity of 35.43%. Retrophin’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, research analysts expect that Retrophin Inc will post -2.67 EPS for the current year.

In other Retrophin news, SVP Elizabeth E. Reed sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $23.73, for a total transaction of $59,325.00. Following the sale, the senior vice president now owns 20,627 shares in the company, valued at approximately $489,478.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steve Aselage sold 11,100 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $24.03, for a total value of $266,733.00. Following the sale, the chief executive officer now owns 259,433 shares in the company, valued at approximately $6,234,174.99. The disclosure for this sale can be found here. Insiders sold a total of 36,100 shares of company stock worth $863,658 in the last quarter. Company insiders own 3.67% of the company’s stock.

Several equities research analysts recently issued reports on the company. Nomura assumed coverage on Retrophin in a report on Monday, November 19th. They issued a “buy” rating and a $57.00 price objective on the stock. Canaccord Genuity assumed coverage on Retrophin in a report on Friday, August 17th. They issued a “buy” rating on the stock. BidaskClub upgraded Retrophin from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded Retrophin from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Finally, ValuEngine upgraded Retrophin from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Retrophin currently has an average rating of “Buy” and an average target price of $48.00.

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Retrophin Profile

Retrophin, Inc, a biopharmaceutical company, focuses on the development, acquisition, and commercialization of therapies for the treatment of rare diseases. Its marketed products include Chenodal, a synthetic oral form of chenodeoxycholic acid for the treatment of radiolucent stones in well-opacifying gallbladders; Cholbam, a cholic acid capsule to treat pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects, and for adjunctive treatment of patients with peroxisomal disorders; and Thiola, a tiopronin tablet for the treatment of cystinuria.

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Institutional Ownership by Quarter for Retrophin (NASDAQ:RTRX)

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