The Vanguard Group, Inc. has recently announced that it has increased stake in TG Therapeutics Inc (NASDAQ:TGTX) by 0.07%. After grabbing 13.06 million shares, the institutional investor is now in possession of 9159.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 8.63% having worth around $167.36 million. Moreover, SSgA Funds Management, Inc. increased its share by 4.19 million to have a control over 9.82 million shares. And BlackRock Fund Advisors raised its holdings to 0.12 million shares by acquiring 8.49 million shares or 5.61% of the stake.
TG Therapeutics Inc (TGTX) concluded trading on December 20, 2023 at a closing price of $17.21, with 4.8 million shares of worth about $82.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -27.41% during that period and On Wednesday the price saw a loss of about -8.51%. Currently the company’s common shares owned by public are about 146.39M shares, out of which, 137.41M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 1,259,000 shares in 8 of the transactions. In 4 selling transactions, insiders dumped 158,501 shares.
SPDR S&P Biotech ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in TG Therapeutics Inc SPDR S&P Biotech ETF is currently holding 7.56 million shares of worth totaling $96.78 million. The company recently came buying 35085.0 shares which brought its stake up to 4.99% of the company’s outstanding shares. Vanguard Total Stock Market ETF sold 34197.0 shares, after which its hold over company’s outstanding shares shrunk to 2.81%, leaving 4.25 million shares with the mutual fund that have a worth of about $54.4 million. Vanguard Small Cap Index Fund, after buying 3.51 million shares, have now control over 2.32% of the stake in the company. It holds 22712.0 shares of worth $45.0 million.
However, the stock later moved at a day high price of 18.69, or with a loss of -8.51%. Stock saw a price change of 3.12% in past 5 days and over the past one month there was a price change of 34.24%. Year-to-date (YTD), TGTX shares are showing a performance of 45.48% which increased to 114.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.46 but also hit the highest price of $35.67 during that period. The average intraday trading volume for TG Therapeutics Inc shares is 5.70 million. The stock is currently trading 14.63% above its 20-day simple moving average (SMA20), while that difference is up 52.20% for SMA50 and it goes to 1.86% higher than SMA200.
The Vanguard Group, Inc. acquired 13.06 million shares of TG Therapeutics Inc having value of about $167.36 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 9159.0 shares in the company valued at close to $157626.39, or have control over 0.07% stake in the company. TG Therapeutics Inc (NASDAQ: TGTX) currently have 146.39M outstanding shares and institutions hold larger chunk of about 60.18% of that. Holding of mutual funds in the company is about 27.55% while other institutional holders and individual stake holders have control over 32.68% and 17.63% of the stake respectively.
The stock has a current market capitalization of $2.61B and its 3Y-monthly beta is at 2.35. It has posted earnings per share of -$0.27 in the same period. It has Quick Ratio of 4.95 while making debt-to-equity ratio of 0.67. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TGTX, volatility over the week remained 5.69% while standing at 6.50% over the month.
Analysts are in expectations that TG Therapeutics Inc (TGTX) stock would likely to be making an EPS of -$0.12 in the current quarter, while forecast for next quarter EPS is -$0.09 and it is $0.01 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.2 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.39 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 96.50% while it is estimated to increase by 152.17% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on August 02, 2023 offering a Neutral rating for the stock and assigned a target price range of between $16 and $12 to it.
