Liquidia Co. (NASDAQ:LQDA) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in Liquidia Co. (NASDAQ:LQDA) by 42.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,322 shares of the company’s stock after purchasing an additional 4,825 shares during the period. Teacher Retirement System of Texas’ holdings in Liquidia were worth $192,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Whitefort Capital Management LP raised its holdings in Liquidia by 119.8% in the third quarter. Whitefort Capital Management LP now owns 1,702,025 shares of the company’s stock valued at $17,020,000 after acquiring an additional 927,546 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Liquidia by 9.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 428,570 shares of the company’s stock worth $5,040,000 after buying an additional 38,313 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Liquidia by 855.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 235,393 shares of the company’s stock worth $2,354,000 after buying an additional 210,753 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Liquidia by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 188,584 shares of the company’s stock valued at $2,218,000 after buying an additional 6,034 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Liquidia by 12.5% in the third quarter. Wellington Management Group LLP now owns 179,923 shares of the company’s stock valued at $1,799,000 after buying an additional 19,932 shares in the last quarter. 64.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on LQDA shares. HC Wainwright reaffirmed a “buy” rating and set a $29.00 price target on shares of Liquidia in a research note on Thursday, March 20th. Wells Fargo & Company started coverage on shares of Liquidia in a research report on Friday, December 20th. They set an “overweight” rating and a $20.00 target price on the stock. Scotiabank reiterated an “outperform” rating on shares of Liquidia in a research report on Thursday, March 20th. Finally, Needham & Company LLC upped their price target on Liquidia from $19.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Liquidia presently has an average rating of “Buy” and an average target price of $26.63.

Insider Buying and Selling at Liquidia

In other news, CFO Michael Kaseta sold 23,370 shares of Liquidia stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $11.78, for a total value of $275,298.60. Following the completion of the sale, the chief financial officer now owns 401,755 shares of the company’s stock, valued at $4,732,673.90. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajeev Saggar sold 2,445 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $13.00, for a total value of $31,785.00. Following the transaction, the insider now owns 267,943 shares in the company, valued at $3,483,259. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,245 shares of company stock worth $843,326. Corporate insiders own 30.10% of the company’s stock.

Liquidia Stock Performance

LQDA stock opened at $14.52 on Thursday. The stock’s 50 day moving average price is $15.17 and its 200 day moving average price is $12.52. The firm has a market cap of $1.24 billion, a P/E ratio of -8.91 and a beta of 0.07. Liquidia Co. has a 1 year low of $8.26 and a 1 year high of $16.81.

Liquidia (NASDAQ:LQDA) last issued its quarterly earnings data on Wednesday, March 19th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.08). The company had revenue of $2.92 million during the quarter, compared to analysts’ expectations of $4.60 million. Liquidia had a negative net margin of 765.38% and a negative return on equity of 163.21%. On average, research analysts predict that Liquidia Co. will post -1.51 earnings per share for the current year.

Liquidia Company Profile

Liquidia Corporation, a biopharmaceutical company, develops, manufactures, and commercializes various products for unmet patient needs in the United States. Its lead product candidates include YUTREPIA, an inhaled dry powder formulation of treprostinil for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).