Copper Rock Capital Partners LLC lowered its position in INC Research Holdings Inc. (NASDAQ:INCR) by 0.9% during the third quarter, Holdings Channel reports. The fund owned 480,423 shares of the company’s stock after selling 4,484 shares during the period. Copper Rock Capital Partners LLC’s holdings in INC Research Holdings were worth $21,230,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Rational Advisors LLC acquired a new position in INC Research Holdings during the second quarter worth about $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in INC Research Holdings by 302.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,052 shares of the company’s stock worth $116,000 after buying an additional 2,294 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in INC Research Holdings during the first quarter worth about $117,000. BNP Paribas Arbitrage SA boosted its position in INC Research Holdings by 121.8% in the third quarter. BNP Paribas Arbitrage SA now owns 3,606 shares of the company’s stock worth $161,000 after buying an additional 1,980 shares during the last quarter. Finally, BlackRock Inc. boosted its position in INC Research Holdings by 4.6% in the second quarter. BlackRock Inc. now owns 4,810 shares of the company’s stock worth $183,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 91.27% of the company’s stock.
Shares of INC Research Holdings Inc. (NASDAQ:INCR) opened at 46.17 on Friday. The company has a 50-day moving average price of $44.25 and a 200-day moving average price of $43.54. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 22.77 and a beta of 1.80. INC Research Holdings Inc. has a 52-week low of $34.19 and a 52-week high of $57.11.
INC Research Holdings (NASDAQ:INCR) last posted its earnings results on Thursday, July 28th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. INC Research Holdings had a return on equity of 46.76% and a net margin of 7.43%. The firm had revenue of $258.80 million for the quarter, compared to analysts’ expectations of $252.39 million. During the same period in the previous year, the firm earned $0.47 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. On average, equities analysts anticipate that INC Research Holdings Inc. will post $2.47 earnings per share for the current year.
A number of equities analysts recently issued reports on the company. Zacks Investment Research cut INC Research Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Jefferies Group cut their target price on INC Research Holdings from $56.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, August 17th. Credit Suisse Group AG assumed coverage on INC Research Holdings in a report on Monday, June 20th. They issued an “outperform” rating and a $51.00 target price on the stock. Finally, Goldman Sachs Group Inc. increased their target price on INC Research Holdings from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. INC Research Holdings has an average rating of “Buy” and a consensus target price of $55.00.
In other news, COO Alistair Macdonald sold 9,468 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $40.19, for a total transaction of $380,518.92. Following the transaction, the chief operating officer now directly owns 28,144 shares of the company’s stock, valued at $1,131,107.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gregory S. Rush sold 4,066 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $45.23, for a total value of $183,905.18. Following the transaction, the vice president now directly owns 22,165 shares in the company, valued at $1,002,522.95. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
INC Research Holdings Company Profile
INC Research Holdings, Inc is a global contract research organization (CRO). The Company is focused on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.
Want to see what other hedge funds are holding INCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for INC Research Holdings Inc. (NASDAQ:INCR).
Receive News & Ratings for INC Research Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for INC Research Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.