As Tesaro INC (TSRO) Shares Declined, Oracle Investment Management INC Has Trimmed Position by $3.57 Million

October 2, 2018 - By Richard Conner

Tesaro, Inc. (NASDAQ:TSRO) LogoInvestors sentiment decreased to 0.93 in 2018 Q2. Its down 0.21, from 1.14 in 2018Q1. It dived, as 59 investors sold TSRO shares while 44 reduced holdings. 29 funds opened positions while 67 raised stakes. 58.58 million shares or 3.28% less from 60.57 million shares in 2018Q1 were reported. Cubist Systematic Strategies Ltd Limited Liability Company holds 0% or 126 shares. Parametric Portfolio Assocs Ltd Company reported 0% in Tesaro, Inc. (NASDAQ:TSRO). 20,830 were accumulated by Dekabank Deutsche Girozentrale. Gabelli Funds Ltd Com invested in 0% or 13,800 shares. Rhumbline Advisers has invested 0% in Tesaro, Inc. (NASDAQ:TSRO). Rock Springs Cap Mngmt LP stated it has 1.07% in Tesaro, Inc. (NASDAQ:TSRO). Trellus Mgmt Ltd Liability holds 0.91% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO) for 13,819 shares. 1832 Asset Mngmt L P, a Ontario – Canada-based fund reported 37,200 shares. Geode Capital Management Ltd Liability Corporation owns 364,455 shares or 0% of their US portfolio. Acuta Capital Limited Com invested in 0.4% or 50,000 shares. Alps Inc has invested 0.03% in Tesaro, Inc. (NASDAQ:TSRO). Metropolitan Life New York has invested 0% in Tesaro, Inc. (NASDAQ:TSRO). 358,900 were accumulated by Point72 Asset Mgmt L P. Global X Ltd Llc has 1,573 shares. Tekla Capital Mngmt Limited Liability Corp owns 0.16% invested in Tesaro, Inc. (NASDAQ:TSRO) for 94,970 shares.

Since June 12, 2018, it had 0 insider buys, and 2 selling transactions for $310,256 activity. Shares for $2,336 were sold by Oliveira Orlando.

Oracle Investment Management Inc decreased its stake in Tesaro Inc (TSRO) by 9.61% based on its latest 2018Q2 regulatory filing with the SEC. Oracle Investment Management Inc sold 81,183 shares as the company’s stock declined 18.11% while stock markets rallied. The hedge fund held 763,535 shares of the health care company at the end of 2018Q2, valued at $33.95M, down from 844,718 at the end of the previous reported quarter. Oracle Investment Management Inc who had been investing in Tesaro Inc for a number of months, seems to be less bullish one the $2.13 billion market cap company. The stock decreased 0.46% or $0.18 during the last trading session, reaching $38.83. About 1.19 million shares traded. Tesaro, Inc. (NASDAQ:TSRO) has declined 70.32% since October 2, 2017 and is downtrending. It has underperformed by 85.94% the S&P500.

Oracle Investment Management Inc, which manages about $877.33 million and $413.70 million US Long portfolio, upped its stake in Quidel Corp (NASDAQ:QDEL) by 2.17M shares to 2.36 million shares, valued at $157.27M in 2018Q2, according to the filing.

Analysts await Tesaro, Inc. (NASDAQ:TSRO) to report earnings on November, 6. They expect $-2.61 EPS, down 455.32 % or $2.14 from last year’s $-0.47 per share. After $-3.04 actual EPS reported by Tesaro, Inc. for the previous quarter, Wall Street now forecasts -14.14 % EPS growth.

More notable recent Tesaro, Inc. (NASDAQ:TSRO) news were published by: Globenewswire.com which released: “TESARO Announces Data Presentations at the SITC 2018 Annual Meeting” on October 01, 2018, also Seekingalpha.com with their article: “Tesaro advancing Zejula in first-line lung cancer” published on September 05, 2018, Nasdaq.com published: “TESARO Announces Expansion to Second Stage of JASPER Trial of ZEJULA® in Combination With TSR-042 in Non …” on September 04, 2018. More interesting news about Tesaro, Inc. (NASDAQ:TSRO) were released by: Globenewswire.com and their article: “TESARO Announces Participation at Two Investor Conferences” published on September 19, 2018 as well as Nasdaq.com‘s news article titled: “Why Opko Health Rallied 15% Today” with publication date: September 17, 2018.

Tesaro, Inc. (NASDAQ:TSRO) Ratings Coverage

Among 10 analysts covering Tesaro (NASDAQ:TSRO), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Tesaro had 15 analyst reports since April 16, 2018 according to SRatingsIntel. As per Friday, May 4, the company rating was maintained by Bank of America. Barclays Capital maintained Tesaro, Inc. (NASDAQ:TSRO) rating on Monday, August 6. Barclays Capital has “Overweight” rating and $56 target. The stock has “Buy” rating by Lake Street on Monday, May 7. On Thursday, May 31 the stock rating was maintained by Citigroup with “Buy”. On Tuesday, September 11 the stock rating was maintained by Bank of America with “Neutral”. The firm earned “Buy” rating on Wednesday, June 27 by Barclays Capital. On Friday, May 4 the stock rating was maintained by Citigroup with “Buy”. On Wednesday, May 2 the stock rating was maintained by Argus Research with “Buy”. The rating was maintained by Credit Suisse on Friday, May 4 with “Outperform”. The rating was downgraded by Bank of America to “Neutral” on Monday, August 6.

Tesaro, Inc. (NASDAQ:TSRO) Institutional Positions Chart

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