Wall Street Zen upgraded shares of HUTCHMED (NASDAQ:HCM – Free Report) from a buy rating to a strong-buy rating in a research report report published on Friday morning.
Separately, HSBC lowered shares of HUTCHMED from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th.
Read Our Latest Stock Analysis on HUTCHMED
HUTCHMED Stock Performance
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in HCM. ABC Arbitrage SA purchased a new stake in HUTCHMED during the 4th quarter worth approximately $500,000. XY Capital Ltd purchased a new stake in shares of HUTCHMED in the fourth quarter worth about $673,000. Barclays PLC grew its position in HUTCHMED by 1,483.6% during the fourth quarter. Barclays PLC now owns 2,407 shares of the company’s stock valued at $35,000 after buying an additional 2,255 shares during the period. Blue Trust Inc. grew its stake in HUTCHMED by 99.9% in the 4th quarter. Blue Trust Inc. now owns 7,068 shares of the company’s stock valued at $102,000 after acquiring an additional 3,532 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in HUTCHMED by 49.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,710 shares of the company’s stock worth $39,000 after buying an additional 899 shares in the last quarter. 8.82% of the stock is currently owned by hedge funds and other institutional investors.
About HUTCHMED
HUTCHMED (China) Ltd. is a holding company, which engages in the research and development, manufacture, and sale of pharmaceuticals and health-oriented consumer products. It operates through the Oncology/Immunology and Other Ventures segments. The Oncology/Immunology segment includes the discovery, development, and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases.
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