Shire Plc Sponsored Adr (SHPG) Holder Waters Parkerson & Company Has Raised Holding

May 25, 2018 - By Linda Rogers

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Waters Parkerson & Company increased its stake in Shire Plc Sponsored Adr (SHPG) by 231.46% based on its latest 2017Q4 regulatory filing with the SEC. Waters Parkerson & Company bought 49,868 shares as the company’s stock declined 17.82% with the market. The institutional investor held 71,413 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $11.08 million, up from 21,545 at the end of the previous reported quarter. Waters Parkerson & Company who had been investing in Shire Plc Sponsored Adr for a number of months, seems to be bullish on the $50.44B market cap company. The stock decreased 1.16% or $1.93 during the last trading session, reaching $164.5. About 1.16 million shares traded. Shire plc (NASDAQ:SHPG) has declined 27.67% since May 25, 2017 and is downtrending. It has underperformed by 39.22% the S&P500.

More notable recent Shire plc (NASDAQ:SHPG) news were published by: Digitaljournal.com which released: “NASDAQ:SHPG Shareholder Notice: Investigation of Takeover of Shire Plc by Takeda Pharmaceutical Company” on May 16, 2018, also Bizjournals.com with their article: “Ahead of Shire buyout, Takeda sells joint venture and reportedly plans $20B bond deal” published on May 22, 2018, Seekingalpha.com published: “Shire’s Share Prices And Takeda’s Deal Price Are Getting Closer” on April 26, 2018. More interesting news about Shire plc (NASDAQ:SHPG) were released by: Streetinsider.com and their article: “Takeda Near Deal to Buy Shire (SHPG) for $64 Billion – Bloomberg” published on May 07, 2018 as well as Seekingalpha.com‘s news article titled: “Takeda closing in on Shire” with publication date: May 07, 2018.

Shire plc (NASDAQ:SHPG) Ratings Coverage

Among 14 analysts covering Shire (NASDAQ:SHPG), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Shire had 21 analyst reports since December 20, 2017 according to SRatingsIntel. The company was maintained on Friday, April 20 by RBC Capital Markets. The stock of Shire plc (NASDAQ:SHPG) earned “Hold” rating by Liberum Capital on Wednesday, December 20. As per Wednesday, March 28, the company rating was maintained by Bank of America. RBC Capital Markets maintained Shire plc (NASDAQ:SHPG) rating on Wednesday, February 14. RBC Capital Markets has “Buy” rating and $181.0 target. The firm has “Buy” rating by Jefferies given on Wednesday, December 20. As per Thursday, February 22, the company rating was maintained by Bank of America. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, January 2. The firm has “Buy” rating given on Friday, February 23 by FBR Capital. The firm has “Outperform” rating by Bernstein given on Wednesday, February 14. The firm earned “Buy” rating on Monday, February 5 by Bank of America.

Shire plc (NASDAQ:SHPG) Institutional Positions Chart

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