Three Bays Capital Lp adds Quintiles Transnational Holdings Inc (Q) to its portfolio

Quintiles Transnational Holdings Inc (Q) : Three Bays Capital Lp added new position in Quintiles Transnational Holdings Inc during the most recent quarter end. The investment management firm now holds 816,424 shares of Quintiles Transnational Holdings Inc which is valued at $62,774,841 , the company said in a statement filed on Nov 14, 2016 with the SEC.Quintiles Transnational Holdings Inc makes up approximately 6.64% of Three Bays Capital Lp’s portfolio.

Other Hedge Funds, Including , Chicago Partners Investment Group sold out all of its stake in Q during the most recent quarter. The investment firm sold 150 shares of Q which is valued $11,534. Tfs Capital sold out all of its stake in Q during the most recent quarter. The investment firm sold 5,476 shares of Q which is valued $428,990.Dimensional Fund Advisors Lp boosted its stake in Q in the latest quarter, The investment management firm added 9,318 additional shares and now holds a total of 438,792 shares of Quintiles Transnational Holdings Inc which is valued at $34,374,965. Quintiles Transnational Holdings Inc makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.Wesbanco Bank Inc boosted its stake in Q in the latest quarter, The investment management firm added 408 additional shares and now holds a total of 53,613 shares of Quintiles Transnational Holdings Inc which is valued at $4,164,658. Quintiles Transnational Holdings Inc makes up approx 0.25% of Wesbanco Bank Inc’s portfolio.Wcm Investment Managementca boosted its stake in Q in the latest quarter, The investment management firm added 121,936 additional shares and now holds a total of 493,982 shares of Quintiles Transnational Holdings Inc which is valued at $35,398,750. Quintiles Transnational Holdings Inc makes up approx 0.42% of Wcm Investment Managementca’s portfolio.

Quintiles Transnational Holdings Inc opened for trading at $79.55 and hit $80.02 on the upside on Monday, eventually ending the session at $79.88, with a gain of 0.50% or 0.4 points. The heightened volatility saw the trading volume jump to 18,66,465 shares. Company has a market cap of $19,665 M.

On the company’s financial health, Quintiles Transnational Holdings Inc reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.99. The company had revenue of $1136.40 million for the quarter, compared to analysts expectations of $1157.91 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.

Many Wall Street Analysts have commented on Quintiles Transnational Holdings Inc. Quintiles Transnational Holdings Inc was Downgraded by Piper Jaffray to ” Neutral” on Oct 27, 2016. Quintiles Transnational Holdings Inc was Downgraded by Jefferies to ” Hold” on Oct 19, 2016. Stifel Initiated Quintiles Transnational Holdings Inc on Oct 14, 2016 to “Hold”, Price Target of the shares are set at $84.

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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