D.A. Davidson & CO. acquired a new position in Genomic Health, Inc. (NASDAQ:GHDX) in the third quarter, HoldingsChannel reports. The institutional investor acquired 3,330 shares of the medical research company’s stock, valued at approximately $234,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GHDX. First Quadrant L P CA lifted its position in shares of Genomic Health by 2,575.5% in the third quarter. First Quadrant L P CA now owns 21,083 shares of the medical research company’s stock worth $1,480,000 after buying an additional 20,295 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Genomic Health by 30.7% in the second quarter. Bank of New York Mellon Corp now owns 122,246 shares of the medical research company’s stock worth $6,161,000 after buying an additional 28,710 shares in the last quarter. Northern Trust Corp lifted its position in shares of Genomic Health by 4.7% in the second quarter. Northern Trust Corp now owns 282,021 shares of the medical research company’s stock worth $14,214,000 after buying an additional 12,597 shares in the last quarter. Millennium Management LLC lifted its position in shares of Genomic Health by 114.0% in the second quarter. Millennium Management LLC now owns 1,446,250 shares of the medical research company’s stock worth $72,891,000 after buying an additional 770,413 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Genomic Health in the second quarter worth about $213,000. 89.21% of the stock is owned by hedge funds and other institutional investors.
In other Genomic Health news, Director Bros. Advisors Lp Baker sold 195,134 shares of the company’s stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $75.82, for a total transaction of $14,795,059.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Frederic Pla sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $65.43, for a total value of $98,145.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,635,985 shares of company stock worth $126,469,701. Company insiders own 45.80% of the company’s stock.
Shares of GHDX stock opened at $72.90 on Friday. Genomic Health, Inc. has a 1 year low of $26.54 and a 1 year high of $92.18. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 7,290.00 and a beta of 0.40.
Genomic Health (NASDAQ:GHDX) last issued its quarterly earnings data on Tuesday, November 6th. The medical research company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.28. Genomic Health had a return on equity of 14.05% and a net margin of 4.95%. The business had revenue of $101.30 million for the quarter, compared to the consensus estimate of $94.27 million. During the same period in the prior year, the business posted ($0.06) earnings per share. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. As a group, equities research analysts predict that Genomic Health, Inc. will post 1.06 EPS for the current year.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Genomic Health from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. BidaskClub downgraded Genomic Health from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 4th. Canaccord Genuity reiterated a “buy” rating and issued a $82.00 target price (up from $70.00) on shares of Genomic Health in a research report on Wednesday, November 7th. Finally, Raymond James assumed coverage on Genomic Health in a research report on Tuesday, October 23rd. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $48.33.
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About Genomic Health
Genomic Health, Inc, a healthcare company, provides actionable genomic information to personalize cancer treatment decisions worldwide. It develops and commercializes genomic-based clinical laboratory services that analyze the underlying biology of cancer, allowing physicians and patients to make individualized treatment decisions.
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