Palestra Capital Management adds Quintiles Transnational Holdings Inc (Q) to its portfolio

Quintiles Transnational Holdings Inc (Q) : Palestra Capital Management added new position in Quintiles Transnational Holdings Inc during the most recent quarter end. The investment management firm now holds 830,000 shares of Quintiles Transnational Holdings Inc which is valued at $63,412,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Quintiles Transnational Holdings Inc makes up approximately 4.80% of Palestra Capital Management’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp boosted its stake in Q in the latest quarter, The investment management firm added 485,200 additional shares and now holds a total of 878,500 shares of Quintiles Transnational Holdings Inc which is valued at $67,117,400. Quintiles Transnational Holdings Inc makes up approx 0.32% of Two Sigma Advisers Lp’s portfolio. Hightower Advisors sold out all of its stake in Q during the most recent quarter. The investment firm sold 10,258 shares of Q which is valued $783,711.Blackrock Advisors boosted its stake in Q in the latest quarter, The investment management firm added 3,857 additional shares and now holds a total of 116,388 shares of Quintiles Transnational Holdings Inc which is valued at $8,892,043. Quintiles Transnational Holdings Inc makes up approx 0.01% of Blackrock Advisors’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in Q in the latest quarter, The investment management firm added 16,522 additional shares and now holds a total of 107,489 shares of Quintiles Transnational Holdings Inc which is valued at $8,360,494. Quintiles Transnational Holdings Inc makes up approx 0.03% of State Board Of Administration Of Florida Retirement System’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in Q in the latest quarter, The investment management firm added 1,916 additional shares and now holds a total of 9,790 shares of Quintiles Transnational Holdings Inc which is valued at $734,250. Quintiles Transnational Holdings Inc makes up approx 0.02% of Candriam Luxembourg S.c.a.’s portfolio.

Quintiles Transnational Holdings Inc opened for trading at $77.46 and hit $77.54 on the upside on Thursday, eventually ending the session at $77.42, with a gain of 0.16% or 0.12 points. The heightened volatility saw the trading volume jump to 7,20,025 shares. Company has a market cap of $9,173 M.

On the company’s financial health, Quintiles Transnational Holdings Inc reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.90. The company had revenue of $1167.10 million for the quarter, compared to analysts expectations of $1150.61 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Quintiles Transnational Holdings Inc. Quintiles Transnational Holdings Inc was Upgraded by Avondale to ” Mkt Outperform” on Jul 12, 2016.

Quintiles Transnational Holdings Inc. is a biopharmaceutical services company. The Company is a provider of biopharmaceutical development services and commercial outsourcing services. The Company is engaged in the development and commercialization of pharmaceutical therapies. It also offers therapeutic scientific and analytical services to its biopharmaceutical and other healthcare customers. The Company offers its services through two segments: Product Development and Integrated Healthcare Services. Its product development segment is a contract research organization (CRO) and is focused on Phase II-IV clinical trials and associated laboratory and analytical activities. Its Integrated Healthcare Services segment provides services including commercial services such as contract pharmaceutical sales forces and healthcare business services such as phase research market access and consulting and health information analytics and technology consulting.

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