Venbio Select Advisor LLC Lowered Position in Tesaro INC (TSRO) as Valuation Declined

February 15, 2018 - By simple simple

Investors sentiment decreased to 1.21 in Q3 2017. Its down 0.25, from 1.46 in 2017Q2. It dropped, 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. Raymond James Financial Advsrs owns 12,538 shares. Renaissance Technology Lc reported 0.01% in Tesaro, Inc. (NASDAQ:TSRO). British Columbia Invest Mngmt has 0.02% invested in Tesaro, Inc. (NASDAQ:TSRO) for 23,739 shares. Ray Gerald L Assoc Ltd holds 2,500 shares. Nicholas Inv Partners Lp owns 57,542 shares. Livforsakringsbolaget Skandia Omsesidigt reported 0.01% in Tesaro, Inc. (NASDAQ:TSRO). 74,560 were accumulated by Mitsubishi Ufj Trust & Corporation. Dupont Capital Management Corporation holds 0.01% or 3,513 shares in its portfolio. Senator Invest Grp L P, New York-based fund reported 400,000 shares. Wellington Mngmt Gp Inc Limited Liability Partnership holds 0.2% or 6.61M shares. Jasper Ridge Prtn LP reported 4,028 shares. Pointstate Cap Lp reported 236,339 shares stake. Public Employees Retirement System Of Ohio holds 0.02% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO) for 36,161 shares. Fred Alger Mngmt Incorporated stated it has 0.17% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO). Northern Trust owns 215,096 shares.

Since September 1, 2017, it had 0 insider buys, and 5 selling transactions for $4.63 million activity. $1.91 million worth of Tesaro, Inc. (NASDAQ:TSRO) shares were sold by Bogle Grant C.. 592 Tesaro, Inc. (NASDAQ:TSRO) shares with value of $70,211 were sold by Huber Martin H. Jr.. Shares for $1.17M were sold by Armitage James O on Monday, September 18. $1.47 million worth of Tesaro, Inc. (NASDAQ:TSRO) was sold by English Edward C on Wednesday, September 6.

Venbio Select Advisor Llc decreased its stake in Tesaro Inc (TSRO) by 51.28% based on its latest 2017Q3 regulatory filing with the SEC. Venbio Select Advisor Llc sold 205,311 shares as the company’s stock declined 19.97% while stock markets rallied. The institutional investor held 195,092 shares of the health care company at the end of 2017Q3, valued at $25.19M, down from 400,403 at the end of the previous reported quarter. Venbio Select Advisor Llc who had been investing in Tesaro Inc for a number of months, seems to be less bullish one the $3.34 billion market cap company. The stock decreased 0.54% or $0.33 during the last trading session, reaching $61.33. About 294,181 shares traded. Tesaro, Inc. (NASDAQ:TSRO) has risen 254.28% since February 15, 2017 and is uptrending. It has outperformed by 237.58% the S&P500.

Venbio Select Advisor Llc, which manages about $380.08M and $1.29B US Long portfolio, upped its stake in Amicus Therapeutics Inc (Call) (NASDAQ:FOLD) by 2.75M shares to 3.00M shares, valued at $8.40M in 2017Q3, according to the filing. It also increased its holding in Argenx Se by 214,003 shares in the quarter, for a total of 429,600 shares, and has risen its stake in Mirati Therapeutics Inc (NASDAQ:MRTX).

Analysts await Tesaro, Inc. (NASDAQ:TSRO) to report earnings on February, 27. They expect $-2.38 earnings per share, up 8.46 % or $0.22 from last year’s $-2.6 per share. After $-0.47 actual earnings per share reported by Tesaro, Inc. for the previous quarter, Wall Street now forecasts 406.38 % negative EPS growth.

More notable recent Tesaro, Inc. (NASDAQ:TSRO) news were published by: Businesswire.com which released: “Robbins Arroyo LLP: Tesaro, Inc. (TSRO) Misled Shareholders According to a …” on January 19, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Tesaro, Inc …” published on January 25, 2018, Globenewswire.com published: “TESARO Notice: Rosen Law Firm Announces Filing of Securities Class Action …” on February 08, 2018. More interesting news about Tesaro, Inc. (NASDAQ:TSRO) were released by: Globenewswire.com and their article: “INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Tesaro, Inc. of …” published on January 25, 2018 as well as Globenewswire.com‘s news article titled: “Lawsuit for Investors in NASDAQ: TSRO shares against TESARO Inc announced by …” with publication date: February 06, 2018.

Tesaro, Inc. (NASDAQ:TSRO) Ratings Coverage

Among 25 analysts covering Tesaro Inc (NASDAQ:TSRO), 14 have Buy rating, 1 Sell and 10 Hold. Therefore 56% are positive. Tesaro Inc had 65 analyst reports since August 24, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, July 19 by Robert W. Baird. As per Friday, August 18, the company rating was maintained by Credit Suisse. The stock of Tesaro, Inc. (NASDAQ:TSRO) earned “Sell” rating by Zacks on Tuesday, September 1. Credit Suisse maintained the stock with “Buy” rating in Wednesday, July 19 report. The rating was maintained by Piper Jaffray on Thursday, January 18 with “Hold”. The stock of Tesaro, Inc. (NASDAQ:TSRO) earned “Outperform” rating by Leerink Swann on Wednesday, November 15. FBR Capital maintained the stock with “Hold” rating in Monday, June 5 report. The rating was initiated by RBC Capital Markets on Friday, August 12 with “Outperform”. The firm has “Outperform” rating by Credit Suisse given on Friday, May 13. Wedbush maintained the shares of TSRO in report on Wednesday, March 15 with “Outperform” rating.

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