Shire Plc (SHPG) Stake Has Boosted by Boothbay Fund Management Llc

May 17, 2018 - By Harriett Tippett

Shire plc (NASDAQ:SHPG) Logo

Boothbay Fund Management Llc increased its stake in Shire Plc (SHPG) by 68.68% based on its latest 2017Q4 regulatory filing with the SEC. Boothbay Fund Management Llc bought 19,453 shares as the company’s stock declined 17.82% with the market. The institutional investor held 47,778 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $7.41M, up from 28,325 at the end of the previous reported quarter. Boothbay Fund Management Llc who had been investing in Shire Plc for a number of months, seems to be bullish on the $51.00B market cap company. The stock decreased 1.80% or $3.11 during the last trading session, reaching $170.02. About 621,321 shares traded. Shire plc (NASDAQ:SHPG) has declined 27.67% since May 17, 2017 and is downtrending. It has underperformed by 39.22% the S&P500.

Boothbay Fund Management Llc, which manages about $486.48 million and $683.58 million US Long portfolio, decreased its stake in Micron Technology Inc (NASDAQ:MU) by 120,355 shares to 11,230 shares, valued at $462,000 in 2017Q4, according to the filing. It also reduced its holding in Calpine Corp (NYSE:CPN) by 212,625 shares in the quarter, leaving it with 124,375 shares, and cut its stake in Cree Inc (NASDAQ:CREE).

More notable recent Shire plc (NASDAQ:SHPG) news were published by: which released: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018, also with their article: “Takeda closing in on Shire” published on May 07, 2018, published: “The Takeda-Shire Deal: Potential Impact On Neuroscience” on May 01, 2018. More interesting news about Shire plc (NASDAQ:SHPG) were released by: and their article: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” published on May 15, 2018 as well as‘s news article titled: “Shire’s Share Prices And Takeda’s Deal Price Are Getting Closer” with publication date: April 26, 2018.

Shire plc (NASDAQ:SHPG) Ratings Coverage

Among 14 analysts covering Shire (NASDAQ:SHPG), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Shire had 21 analyst reports since December 20, 2017 according to SRatingsIntel. The company was downgraded on Wednesday, December 20 by Liberum Capital. RBC Capital Markets maintained Shire plc (NASDAQ:SHPG) on Monday, February 5 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, January 2. RBC Capital Markets maintained the shares of SHPG in report on Friday, April 20 with “Buy” rating. The rating was maintained by Cowen & Co with “Buy” on Friday, January 5. As per Friday, February 23, the company rating was maintained by FBR Capital. The stock of Shire plc (NASDAQ:SHPG) has “Hold” rating given on Wednesday, February 14 by Piper Jaffray. As per Wednesday, February 14, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, December 20 by Jefferies. The rating was maintained by Bank of America on Monday, February 5 with “Buy”.

Shire plc (NASDAQ:SHPG) Institutional Positions Chart

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