Candriam Luxembourg S.C.A. Buys New Position in Eidos Therapeutics Inc (EIDX)

Candriam Luxembourg S.C.A. bought a new position in shares of Eidos Therapeutics Inc (NASDAQ:EIDX) in the fourth quarter, Holdings Channel reports. The fund bought 145,000 shares of the company’s stock, valued at approximately $1,995,000.

Other hedge funds have also recently modified their holdings of the company. Northern Trust Corp bought a new position in shares of Eidos Therapeutics during the 2nd quarter worth $281,000. JPMorgan Chase & Co. bought a new position in shares of Eidos Therapeutics during the 3rd quarter worth $167,000. Bank of New York Mellon Corp bought a new position in shares of Eidos Therapeutics during the 3rd quarter worth $137,000. BlackRock Inc. grew its stake in shares of Eidos Therapeutics by 385.1% during the 3rd quarter. BlackRock Inc. now owns 727,698 shares of the company’s stock worth $7,264,000 after acquiring an additional 577,698 shares during the period. Finally, American International Group Inc. bought a new position in shares of Eidos Therapeutics during the 3rd quarter worth $2,393,000. Hedge funds and other institutional investors own 30.15% of the company’s stock.

Several research analysts have recently weighed in on EIDX shares. JPMorgan Chase & Co. upgraded Eidos Therapeutics from a “neutral” rating to an “overweight” rating in a research note on Wednesday, February 27th. Leerink Swann started coverage on Eidos Therapeutics in a research note on Tuesday, November 27th. They set an “outperform” rating and a $32.00 price target for the company. BMO Capital Markets started coverage on Eidos Therapeutics in a research note on Friday, February 22nd. They set an “outperform” rating and a $28.00 price target for the company. Finally, ValuEngine downgraded Eidos Therapeutics from a “buy” rating to a “hold” rating in a research note on Monday, December 17th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Eidos Therapeutics presently has a consensus rating of “Buy” and an average target price of $27.00.

Shares of EIDX opened at $21.76 on Tuesday. Eidos Therapeutics Inc has a 52-week low of $8.89 and a 52-week high of $24.75.

In related news, CFO Christine Siu sold 11,913 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $19.66, for a total transaction of $234,209.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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About Eidos Therapeutics

Eidos Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on developing drugs to treat diseases caused by transthyretin (TTR) amyloidosis (ATTR). It is developing AG10, an orally-administered small molecule designed to stabilize tetrameric TTR, thereby halting at its outset the series of molecular events that give rise to ATTR.

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Want to see what other hedge funds are holding EIDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eidos Therapeutics Inc (NASDAQ:EIDX).

Institutional Ownership by Quarter for Eidos Therapeutics (NASDAQ:EIDX)

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