HealthCor Management L.P. Has $2.21 Million Holdings in Five Prime Therapeutics Inc (FPRX)

HealthCor Management L.P. decreased its holdings in shares of Five Prime Therapeutics Inc (NASDAQ:FPRX) by 90.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 101,000 shares of the biotechnology company’s stock after selling 909,930 shares during the quarter. HealthCor Management L.P.’s holdings in Five Prime Therapeutics were worth $2,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FPRX. Victory Capital Management Inc. increased its holdings in shares of Five Prime Therapeutics by 73.5% in the fourth quarter. Victory Capital Management Inc. now owns 924,190 shares of the biotechnology company’s stock valued at $20,258,000 after purchasing an additional 391,550 shares in the last quarter. Rock Springs Capital Management LP boosted its position in shares of Five Prime Therapeutics by 95.2% during the fourth quarter. Rock Springs Capital Management LP now owns 425,000 shares of the biotechnology company’s stock worth $9,316,000 after purchasing an additional 207,300 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Five Prime Therapeutics during the fourth quarter worth $4,446,000. AXA bought a new position in shares of Five Prime Therapeutics during the third quarter worth $5,441,000. Finally, RTW Investments LP bought a new stake in Five Prime Therapeutics in the 4th quarter valued at $2,200,000. Hedge funds and other institutional investors own 74.94% of the company’s stock.

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Shares of Five Prime Therapeutics Inc (NASDAQ:FPRX) opened at $19.30 on Monday. Five Prime Therapeutics Inc has a 52-week low of $17.01 and a 52-week high of $48.87. The company has a market cap of $672.81, a PE ratio of -3.59 and a beta of 3.33.

Several equities research analysts recently commented on the stock. BidaskClub cut shares of Five Prime Therapeutics from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Zacks Investment Research cut shares of Five Prime Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. ValuEngine cut shares of Five Prime Therapeutics from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. BMO Capital Markets cut their price objective on shares of Five Prime Therapeutics from $75.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Finally, Nomura cut their price objective on shares of Five Prime Therapeutics from $94.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Three analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $47.20.

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About Five Prime Therapeutics

Five Prime Therapeutics, Inc is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics. The Company’s product candidates include Cabiralizumab (FPA008), which is an antibody that inhibits colony stimulating factor-1 receptor, that it is studying in clinical trials as a monotherapy in pigmented villonodular synovitis, and in multiple cancers in combination with programmed-death 1 immune checkpoint inhibitor, Opdivo; FPA144, which is an antibody that inhibits fibroblast growth factor receptor 2b, that it is initially developing to treat patients with gastric (stomach) cancer and is in a Phase I clinical trial, and FP-1039, which is a fusion protein that traps and neutralizes cancer-promoting fibroblast growth factors, involved in cancer cell proliferation and new blood vessel formation and is in Phase Ib clinical development to treat patients with malignant pleural mesothelioma.

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Institutional Ownership by Quarter for Five Prime Therapeutics (NASDAQ:FPRX)

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