Tesaro INC (TSRO) Stock Price Declined While Sachem Head Capital Management LP Lowered Its Position by $8.79 Million

March 15, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.21 in 2017 Q3. Its down 0.25, from 1.46 in 2017Q2. It worsened, as 47 investors sold TSRO shares while 65 reduced holdings. 44 funds opened positions while 91 raised stakes. 58.28 million shares or 5.16% more from 55.42 million shares in 2017Q2 were reported. State Common Retirement Fund stated it has 0.02% in Tesaro, Inc. (NASDAQ:TSRO). Dupont Mgmt Corp accumulated 3,513 shares. 11,672 are held by Whittier Tru. Massachusetts Financial Services Ma accumulated 47,203 shares or 0% of the stock. Creative Planning holds 40,777 shares or 0.02% of its portfolio. California Employees Retirement holds 0.01% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO) for 56,931 shares. Moreover, Oracle Inv Mngmt Inc has 21.83% invested in Tesaro, Inc. (NASDAQ:TSRO) for 1.03M shares. Metropolitan Life Ins Company New York reported 2,798 shares stake. Tobam accumulated 148,855 shares. America First Inv Advisors Lc accumulated 1,000 shares. Ledyard National Bank invested 0% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO). Barclays Public Ltd Liability Co reported 0% in Tesaro, Inc. (NASDAQ:TSRO). Mitsubishi Ufj & Bk holds 0.02% or 74,560 shares. Manufacturers Life Insur Com The stated it has 1,910 shares. Nicholas Inv Ptnrs Lp owns 57,542 shares or 0.51% of their US portfolio.

Since September 18, 2017, it had 9 buys, and 9 selling transactions for $59.94 million activity. BASKETT FOREST had bought 145,532 shares worth $8.35 million. Shares for $8.35 million were bought by Viswanathan Ravi on Friday, March 2. 2,634 shares valued at $144,501 were sold by Farmer Joseph L on Thursday, March 1. On Thursday, March 1 the insider Huber Martin H. Jr. sold $98,913. MOTT DAVID M bought $8.35M worth of stock or 145,532 shares. $99,224 worth of Tesaro, Inc. (NASDAQ:TSRO) was sold by Bogle Grant C..

Scott Ferguson decreased its stake in Tesaro Inc (TSRO) by 18.26% based on its latest 2017Q3 regulatory filing with the SEC. Sachem Head Capital Management Lp sold 68,136 shares as the company’s stock declined 19.97% while stock markets rallied. The hedge fund run by Scott Ferguson held 305,000 shares of the health care company at the end of 2017Q3, valued at $39.38M, down from 373,136 at the end of the previous reported quarter. Sachem Head Capital Management Lp who had been investing in Tesaro Inc for a number of months, seems to be less bullish one the $3.42 billion market cap company. The stock decreased 2.96% or $1.91 during the last trading session, reaching $62.69. About 819,305 shares traded. Tesaro, Inc. (NASDAQ:TSRO) has risen 254.28% since March 15, 2017 and is uptrending. It has outperformed by 237.58% the S&P500.

Analysts await Tesaro, Inc. (NASDAQ:TSRO) to report earnings on May, 8. They expect $-2.80 EPS, down 9.80 % or $0.25 from last year’s $-2.55 per share. After $-3.35 actual EPS reported by Tesaro, Inc. for the previous quarter, Wall Street now forecasts -16.42 % EPS growth.

More notable recent Tesaro, Inc. (NASDAQ:TSRO) news were published by: Fool.com which released: “Here’s Why Tesaro Inc. Stock Dipped Today” on February 28, 2018, also Globenewswire.com with their article: “TESARO Announces Collaboration to Evaluate Combination of ZEJULA┬« (Niraparib …” published on February 26, 2018, Globenewswire.com published: “TESARO Announces Data Presentations at the 2018 American Association for …” on March 14, 2018. More interesting news about Tesaro, Inc. (NASDAQ:TSRO) were released by: Nasdaq.com and their article: “Earnings Reaction History: TESARO, Inc., 66.7% Follow-Through Indicator, 5.5 …” published on February 27, 2018 as well as Valuewalk.com‘s news article titled: “Insiders Just Bought $62.1 Million Worth Of Tesaro Inc (TSRO) Shares. Time To Buy?” with publication date: March 07, 2018.

Tesaro, Inc. (NASDAQ:TSRO) Ratings Coverage

Among 25 analysts covering Tesaro Inc (NASDAQ:TSRO), 15 have Buy rating, 1 Sell and 9 Hold. Therefore 60% are positive. Tesaro Inc has $23600 highest and $56 lowest target. $135’s average target is 115.35% above currents $62.69 stock price. Tesaro Inc had 72 analyst reports since August 24, 2015 according to SRatingsIntel. Barclays Capital maintained Tesaro, Inc. (NASDAQ:TSRO) rating on Wednesday, February 28. Barclays Capital has “Equal-Weight” rating and $90 target. The rating was downgraded by Piper Jaffray to “Hold” on Monday, October 23. The stock of Tesaro, Inc. (NASDAQ:TSRO) has “Hold” rating given on Thursday, January 18 by Piper Jaffray. The stock has “Neutral” rating by Bank of America on Tuesday, August 30. The firm earned “Buy” rating on Monday, October 10 by Bank of America. The rating was maintained by Jefferies with “Hold” on Thursday, August 17. The firm earned “Outperform” rating on Friday, August 18 by Credit Suisse. The firm earned “Hold” rating on Wednesday, February 28 by Cowen & Co. Wells Fargo maintained Tesaro, Inc. (NASDAQ:TSRO) rating on Wednesday, February 28. Wells Fargo has “Buy” rating and $122.0 target. Credit Suisse maintained the stock with “Buy” rating in Wednesday, July 19 report.

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