Jane Street Group LLC Invests $1.88 Million in Legend Biotech Corporation (NASDAQ:LEGN)

Jane Street Group LLC bought a new stake in Legend Biotech Corporation (NASDAQ:LEGN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 44,171 shares of the company’s stock, valued at approximately $1,880,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. acquired a new position in Legend Biotech during the 2nd quarter worth approximately $26,000. Macquarie Group Ltd. purchased a new stake in shares of Legend Biotech in the second quarter valued at approximately $37,000. Russell Investments Group Ltd. acquired a new position in Legend Biotech during the second quarter worth $65,000. Ikarian Capital LLC purchased a new position in Legend Biotech in the second quarter worth $213,000. Finally, Tudor Investment Corp Et Al acquired a new stake in Legend Biotech in the second quarter valued at $373,000. Hedge funds and other institutional investors own 19.03% of the company’s stock.

A number of brokerages have recently issued reports on LEGN. Morgan Stanley assumed coverage on shares of Legend Biotech in a report on Tuesday, June 30th. They issued an “overweight” rating and a $55.00 price target for the company. Jefferies Financial Group reiterated a “buy” rating and set a $47.00 target price on shares of Legend Biotech in a research report on Tuesday, August 11th. JPMorgan Chase & Co. started coverage on Legend Biotech in a research report on Wednesday, July 1st. They issued an “overweight” rating and a $50.00 price target for the company. Finally, BidaskClub upgraded shares of Legend Biotech from a “strong sell” rating to a “sell” rating in a research report on Wednesday.

Shares of LEGN traded down $0.27 during trading hours on Wednesday, reaching $32.13. 50,778 shares of the company traded hands, compared to its average volume of 232,648. The company’s fifty day moving average price is $32.80. Legend Biotech Corporation has a fifty-two week low of $28.33 and a fifty-two week high of $43.24.

Legend Biotech Company Profile

Legend Biotech Corporation develops cell therapy solutions for cancer patients. The company was founded in 2014 and is based in Cayman Islands. The company operates as a subsidiary of Genscript Biotech Corporation.

Read More: What are the risks of holding treasury bonds?

Want to see what other hedge funds are holding LEGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Legend Biotech Corporation (NASDAQ:LEGN).

Institutional Ownership by Quarter for Legend Biotech (NASDAQ:LEGN)

Receive News & Ratings for Legend Biotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legend Biotech and related companies with MarketBeat.com's FREE daily email newsletter.