GTx, Inc. (GTXI) Insider Jason T. Shackelford Sells 3,090 Shares

GTx, Inc. (NASDAQ:GTXI) insider Jason T. Shackelford sold 3,090 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $11.33, for a total transaction of $35,009.70. Following the sale, the insider now owns 31,111 shares in the company, valued at $352,487.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of GTx, Inc. (GTXI) opened at $11.56 on Friday. The company has a market cap of $240.19, a price-to-earnings ratio of -6.61 and a beta of 1.77. GTx, Inc. has a 52-week low of $2.73 and a 52-week high of $13.35.

GTX (NASDAQ:GTXI) last announced its quarterly earnings results on Tuesday, November 14th. The biopharmaceutical company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.25). equities analysts forecast that GTx, Inc. will post -1.61 EPS for the current year.

Several analysts have recently commented on the stock. Robert W. Baird assumed coverage on shares of GTX in a research report on Tuesday, November 21st. They set an “outperform” rating and a $17.00 price objective on the stock. Stifel Nicolaus assumed coverage on shares of GTX in a research report on Thursday, November 9th. They set a “buy” rating on the stock. Finally, Zacks Investment Research downgraded shares of GTX from a “hold” rating to a “sell” rating in a research report on Wednesday.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caxton Corp bought a new stake in GTX in the 3rd quarter valued at $531,000. Abingworth LLP bought a new stake in GTX in the 3rd quarter valued at $2,781,000. Finally, Bank of New York Mellon Corp bought a new stake in GTX in the 2nd quarter valued at $124,000. Institutional investors own 11.57% of the company’s stock.

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About GTX

GTx, Inc is a biopharmaceutical company focused on the discovery, development and commercialization of small molecules for the treatment of cancer, including treatments for breast and prostate cancer, and other medical conditions. The Company is engaged in the development of selective androgen receptor modulators (SARMs).

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