Today The Todd Asset Management LLC Cuts Stake in ICON PLC (ICLR)

Today The Todd Asset Management LLC Cuts Stake in ICON PLC (ICLR)

Todd Asset Management LLC cut its stake in ICON PLC (NASDAQ:ICLR) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 293,776 shares of the company’s stock after selling 1,724 shares during the period. Todd Asset Management LLC’s holdings in ICON PLC were worth $22,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invictus RG boosted its position in ICON PLC by 2.2% in the second quarter. Invictus RG now owns 1,852 shares of the company’s stock valued at $130,000 after buying an additional 40 shares during the period. J.Safra Asset Management Corp bought a new position in ICON PLC during the second quarter valued at about $150,000. Cubist Systematic Strategies LLC bought a new position in ICON PLC during the second quarter valued at about $166,000. BlackRock Japan Co. Ltd bought a new position in ICON PLC during the second quarter valued at about $169,000. Finally, Atria Investments LLC bought a new position in ICON PLC during the third quarter valued at about $214,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Shares of ICON PLC (NASDAQ:ICLR) opened at 79.97 on Wednesday. The stock has a market cap of $4.46 billion, a P/E ratio of 17.92 and a beta of 0.67. ICON PLC has a 12 month low of $62.31 and a 12 month high of $85.74. The company has a 50 day moving average of $77.71 and a 200 day moving average of $76.97.

Several research analysts have recently issued reports on the stock. Jefferies Group LLC increased their price objective on shares of ICON PLC to $86.00 in a report on Tuesday. Goldman Sachs Group, Inc. (The) upgraded shares of ICON PLC from a “neutral” rating to a “buy” rating and increased their price objective for the company from $86.00 to $90.00 in a report on Friday, December 16th. SunTrust Banks, Inc. cut shares of ICON PLC from a “buy” rating to a “hold” rating and decreased their price objective for the company from $95.00 to $80.00 in a report on Friday, December 16th. Zacks Investment Research upgraded shares of ICON PLC from a “sell” rating to a “hold” rating in a report on Tuesday, January 17th. Finally, Evercore ISI upgraded shares of ICON PLC from a “hold” rating to a “buy” rating and increased their price objective for the company from $81.50 to $89.00 in a report on Friday, October 14th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $82.11.

About ICON PLC

ICON public limited company is a contract research organization (CRO), which is engaged in providing outsourced development services to the pharmaceutical, biotechnology and medical device industries. The Company is engaged in the strategic development, management and analysis of programs that support the various stages of the clinical development process, from compound selection to Phase I-IV clinical studies.

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