Valinor Management Lowers stake in Quintiles Transnational Holdings Inc (Q)

Quintiles Transnational Holdings Inc (Q) : Valinor Management reduced its stake in Quintiles Transnational Holdings Inc by 17.8% during the most recent quarter end. The investment management company now holds a total of 1,654,564 shares of Quintiles Transnational Holdings Inc which is valued at $127,219,426 after selling 358,170 shares in Quintiles Transnational Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Quintiles Transnational Holdings Inc makes up approximately 4.65% of Valinor Management’s portfolio.

Other Hedge Funds, Including , Nuveen Fund Advisors reduced its stake in Q by selling 1,517 shares or 35.34% in the most recent quarter. The Hedge Fund company now holds 2,775 shares of Q which is valued at $214,036. Quintiles Transnational Holdings Inc makes up approx 0.03% of Nuveen Fund Advisors’s portfolio.California State Teachers Retirement System boosted its stake in Q in the latest quarter, The investment management firm added 2,575 additional shares and now holds a total of 301,697 shares of Quintiles Transnational Holdings Inc which is valued at $23,435,823. Quintiles Transnational Holdings Inc makes up approx 0.05% of California State Teachers Retirement System’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in Q by selling 81,879 shares or 67.37% in the most recent quarter. The Hedge Fund company now holds 39,666 shares of Q which is valued at $3,081,255. Quintiles Transnational Holdings Inc makes up approx 0.03% of Nn Investment Partners Holdings N.v.’s portfolio.Sg Americas Securities reduced its stake in Q by selling 38,634 shares or 82.95% in the most recent quarter. The Hedge Fund company now holds 7,940 shares of Q which is valued at $592,245. Quintiles Transnational Holdings Inc makes up approx 0.01% of Sg Americas Securities’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in Q in the latest quarter, The investment management firm added 4,964 additional shares and now holds a total of 245,102 shares of Quintiles Transnational Holdings Inc which is valued at $17,735,581. Quintiles Transnational Holdings Inc makes up approx 0.05% of Mizuho Trust Banking Ltd.’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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