Quantamental Technologies LLC Takes $39,000 Position in Tricida Inc (TCDA)

Quantamental Technologies LLC acquired a new position in shares of Tricida Inc (NASDAQ:TCDA) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,000 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds have also recently modified their holdings of the stock. Legal & General Group Plc purchased a new position in Tricida during the third quarter worth $54,000. Great West Life Assurance Co. Can purchased a new position in Tricida during the fourth quarter worth $71,000. SG Americas Securities LLC purchased a new position in Tricida during the first quarter worth $143,000. BNP Paribas Arbitrage SA grew its position in shares of Tricida by 1,586.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,030 shares of the company’s stock valued at $156,000 after purchasing an additional 3,791 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Tricida in the fourth quarter valued at $99,000. 70.10% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Orbimed Advisors Llc purchased 225,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was purchased at an average price of $36.00 per share, with a total value of $8,100,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandra I. Coufal sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $23.04, for a total value of $46,080.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,822 shares of company stock valued at $4,242,654. Company insiders own 66.70% of the company’s stock.

Shares of NASDAQ:TCDA opened at $36.31 on Thursday. The firm has a market capitalization of $1.74 billion and a PE ratio of -7.83. The company has a quick ratio of 16.51, a current ratio of 8.30 and a debt-to-equity ratio of 0.24. Tricida Inc has a 52 week low of $19.43 and a 52 week high of $40.83.

Tricida (NASDAQ:TCDA) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.90) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.80) by ($0.10). On average, research analysts anticipate that Tricida Inc will post -3.34 earnings per share for the current fiscal year.

A number of brokerages have recently commented on TCDA. Zacks Investment Research raised Tricida from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Saturday, March 30th. Empire lifted their price objective on Tricida from $37.00 to $58.00 in a research report on Monday, April 1st.

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Tricida Company Profile

Tricida, Inc, a pharmaceutical company, focuses on the development and commercialization of its drug candidate, TRC101, a non-absorbed, orally-administered polymer designed as a potential treatment for metabolic acidosis in patients with chronic kidney disease (CKD). It has completed a Phase 3, double-blind, placebo-controlled trial of TRC101 in patients with CKD and metabolic acidosis.

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Institutional Ownership by Quarter for Tricida (NASDAQ:TCDA)

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