As Shire Plc (SHPG) Stock Value Rose, Sphera Funds Management LTD Trimmed Its Stake by $11.76 Million

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Sphera Funds Management Ltd decreased its stake in Shire Plc (SHPG) by 35.62% based on its latest 2018Q2 regulatory filing with the SEC. Sphera Funds Management Ltd sold 70,000 shares as the company’s stock rose 7.09% with the market. The institutional investor held 126,500 shares of the major pharmaceuticals company at the end of 2018Q2, valued at $21.35M, down from 196,500 at the end of the previous reported quarter. Sphera Funds Management Ltd who had been investing in Shire Plc for a number of months, seems to be less bullish one the $52.97B market cap company. The stock increased 2.39% or $4.1 during the last trading session, reaching $175.58. About 1.48M shares traded or 26.13% up from the average. Shire plc (NASDAQ:SHPG) has risen 6.31% since December 2, 2017 and is uptrending. It has underperformed by 9.31% the S&P500.

Sphera Funds Management Ltd, which manages about $725.36 million US Long portfolio, upped its stake in Glaxosmithkline Plc (NYSE:GSK) by 265,000 shares to 765,000 shares, valued at $30.84 million in 2018Q2, according to the filing. It also increased its holding in Merck & Co Inc (NYSE:MRK) by 100,000 shares in the quarter, for a total of 680,000 shares, and has risen its stake in Retrophin Inc (NASDAQ:RTRX).

More notable recent Shire plc (NASDAQ:SHPG) news were published by: Nasdaq.com which released: “Shire plc: JAMA Publishes Complete Results of Phase 3 HELP Studyâ„¢ Evaluating Lanadelumab as a Preventive Treatment for Hereditary Angioedema – Nasdaq” on November 27, 2018, also Benzinga.com with their article: “Daily Biotech Pulse: EC Nod For Shire, Mirati Gets FDA Clearance For Cancer Drug Trials, PhaseBio’s First Earnings – Benzinga” published on November 30, 2018, Seekingalpha.com published: “Merger Arbitrage Mondays – November 26, 2018 – Seeking Alpha” on November 26, 2018. More interesting news about Shire plc (NASDAQ:SHPG) were released by: Streetinsider.com and their article: “Paulson’s 13F Shows New Stake in Nielsen (NLSN), Dun & Bradstreet (DNB), Exits Comcast (CMCSA) (More…) – StreetInsider.com” published on November 14, 2018 as well as Globenewswire.com‘s news article titled: “BLOCK LISTING SIX MONTHLY RETURN London Stock Exchange:SHP – GlobeNewswire” with publication date: November 23, 2018.

Shire plc (NASDAQ:SHPG) Institutional Positions Chart

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