Rice Hall James & Associates LLC acquired a new stake in Global Blood Therapeutics Inc (NASDAQ:GBT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 139,120 shares of the company’s stock, valued at approximately $7,318,000. Rice Hall James & Associates LLC owned about 0.25% of Global Blood Therapeutics as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also added to or reduced their stakes in GBT. Norges Bank acquired a new position in Global Blood Therapeutics in the fourth quarter valued at approximately $17,826,000. Dimensional Fund Advisors LP raised its holdings in shares of Global Blood Therapeutics by 497.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 492,420 shares of the company’s stock worth $20,214,000 after buying an additional 409,934 shares during the period. FMR LLC raised its holdings in shares of Global Blood Therapeutics by 1.1% in the first quarter. FMR LLC now owns 8,417,709 shares of the company’s stock worth $445,549,000 after buying an additional 88,310 shares during the period. Geode Capital Management LLC raised its holdings in shares of Global Blood Therapeutics by 15.5% in the fourth quarter. Geode Capital Management LLC now owns 619,730 shares of the company’s stock worth $25,439,000 after buying an additional 83,347 shares during the period. Finally, Segantii Capital Management Ltd purchased a new stake in shares of Global Blood Therapeutics in the second quarter worth approximately $2,630,000.
Shares of NASDAQ GBT traded down $0.80 during trading hours on Thursday, hitting $47.34. 209,862 shares of the stock were exchanged, compared to its average volume of 586,890. The company has a quick ratio of 16.79, a current ratio of 16.79 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $54.12. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -13.88 and a beta of 1.51. Global Blood Therapeutics Inc has a one year low of $30.15 and a one year high of $64.94.
Global Blood Therapeutics (NASDAQ:GBT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.96) by ($0.05). During the same period last year, the company earned ($0.78) EPS. On average, analysts anticipate that Global Blood Therapeutics Inc will post -3.87 EPS for the current year.
A number of research firms have recently weighed in on GBT. Cantor Fitzgerald set a $110.00 price objective on Global Blood Therapeutics and gave the stock a “buy” rating in a research report on Friday, June 14th. Cowen restated a “buy” rating and set a $83.00 target price on shares of Global Blood Therapeutics in a report on Thursday, August 8th. Wedbush restated an “outperform” rating and set a $103.00 target price on shares of Global Blood Therapeutics in a report on Monday. JPMorgan Chase & Co. restated a “buy” rating and set a $75.00 target price on shares of Global Blood Therapeutics in a report on Sunday. Finally, BidaskClub cut Global Blood Therapeutics from a “sell” rating to a “strong sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $88.33.
Global Blood Therapeutics Profile
Global Blood Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in the discovery, development, and delivery of treatments for underserved patient communities. It is developing its lead product candidate, voxelotor, an oral, once-daily therapy for sickle cell disease (SCD). The company is evaluating voxelotor in SCD in a Phase III clinical trial in adult and adolescent patients with SCD.
Want to see what other hedge funds are holding GBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Blood Therapeutics Inc (NASDAQ:GBT).
Receive News & Ratings for Global Blood Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Blood Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.