Emergent BioSolutions Inc. (NYSE:EBS) Shares Sold by Truist Financial Corp
Truist Financial Corp reduced its stake in Emergent BioSolutions Inc. (NYSE:EBS) by 40.9% in Q4, owning 85,193 shares after selling 59,003. The company is valued at $814,000. Other hedge funds also increased their positions. Emergent's stock opened at $7.46, with a market cap of $403.94 million and a PE ratio of -1.82. Analysts have raised price targets, with Benchmark increasing it from $8.00 to $12.00, maintaining a "buy" rating.
Truist Financial Corp reduced its position in shares of Emergent BioSolutions Inc. (NYSE:EBS - Free Report) by 40.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,193 shares of the biopharmaceutical company's stock after selling 59,003 shares during the period. Truist Financial Corp owned 0.16% of Emergent BioSolutions worth $814,000 at the end of the most recent quarter.
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Other hedge funds also recently modified their holdings of the company. Stifel Financial Corp purchased a new position in shares of Emergent BioSolutions during the 3rd quarter worth about $96,000. FORA Capital LLC purchased a new position in shares of Emergent BioSolutions during the 3rd quarter worth about $103,000. Landscape Capital Management L.L.C. purchased a new position in shares of Emergent BioSolutions during the 3rd quarter worth about $141,000. Entropy Technologies LP purchased a new position in shares of Emergent BioSolutions during the 3rd quarter worth about $155,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Emergent BioSolutions during the 3rd quarter worth about $295,000. 78.40% of the stock is owned by institutional investors and hedge funds.
Emergent BioSolutions Stock Performance
Emergent BioSolutions stock opened at $7.46 on Friday. The company has a market cap of $403.94 million, a PE ratio of -1.82 and a beta of 1.62. The company has a fifty day moving average price of $9.54 and a two-hundred day moving average price of $9.06. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.88 and a quick ratio of 1.47. Emergent BioSolutions Inc. has a 12 month low of $1.82 and a 12 month high of $15.10.
Wall Street Analyst Weigh In
EBS has been the topic of several research reports. Benchmark raised their price target on shares of Emergent BioSolutions from $8.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, November 7th. StockNews.com upgraded shares of Emergent BioSolutions from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Finally, HC Wainwright restated a "buy" rating and issued a $15.00 price target on shares of Emergent BioSolutions in a report on Tuesday, January 21st.
Check Out Our Latest Stock Analysis on Emergent BioSolutions
Emergent BioSolutions Profile
(Free Report)Emergent BioSolutions Inc, a life sciences company, provides preparedness and response solutions for accidental, deliberate, and naturally occurring public health threats in the United States. The company offers NARCAN Nasal Spray for the emergency treatment of known or suspected opioid overdose; Vaxchora vaccine for the prevention of cholera; Vivotif vaccine for oral administration for the prevention of typhoid fever; Anthrasil for the treatment of inhalational anthrax; BioThrax, an anthrax vaccine; CYFENDUS for post-exposure prophylaxis of disease following suspected or confirmed exposure to Bacillus anthracis; and Raxibacumab injection for the treatment and prophylaxis of inhalational anthrax.
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