Russell Investments Group Ltd. Has $195,000 Stock Position in Arcus Biosciences Inc (NYSE:RCUS)

Russell Investments Group Ltd. boosted its position in Arcus Biosciences Inc (NYSE:RCUS) by 32.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,315 shares of the company’s stock after acquiring an additional 5,278 shares during the period. Russell Investments Group Ltd.’s holdings in Arcus Biosciences were worth $195,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Aperio Group LLC acquired a new position in shares of Arcus Biosciences in the second quarter valued at $32,000. Meeder Asset Management Inc. raised its position in shares of Arcus Biosciences by 672.9% in the third quarter. Meeder Asset Management Inc. now owns 4,939 shares of the company’s stock valued at $46,000 after purchasing an additional 4,300 shares during the period. Susquehanna International Group LLP bought a new position in shares of Arcus Biosciences in the second quarter valued at about $119,000. Athanor Capital LP acquired a new stake in shares of Arcus Biosciences during the 2nd quarter worth about $126,000. Finally, GSA Capital Partners LLP lifted its stake in shares of Arcus Biosciences by 17.3% during the 2nd quarter. GSA Capital Partners LLP now owns 16,243 shares of the company’s stock worth $129,000 after buying an additional 2,392 shares during the last quarter. Institutional investors and hedge funds own 45.28% of the company’s stock.

Shares of NYSE RCUS opened at $8.21 on Wednesday. The stock’s fifty day moving average price is $8.15 and its two-hundred day moving average price is $8.25. Arcus Biosciences Inc has a one year low of $6.30 and a one year high of $13.77. The firm has a market cap of $379.25 million, a price-to-earnings ratio of -5.74 and a beta of 1.03.

Arcus Biosciences (NYSE:RCUS) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.02). Arcus Biosciences had a negative return on equity of 38.73% and a negative net margin of 1,180.37%. The firm had revenue of $1.75 million for the quarter, compared to the consensus estimate of $1.34 million. As a group, research analysts expect that Arcus Biosciences Inc will post -2.2 EPS for the current year.

A number of research analysts recently commented on RCUS shares. Zacks Investment Research lowered shares of Arcus Biosciences from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Mizuho restated a “buy” rating and set a $22.00 price objective on shares of Arcus Biosciences in a research report on Monday, November 11th. Finally, SunTrust Banks started coverage on shares of Arcus Biosciences in a research report on Tuesday, November 12th. They set a “buy” rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $17.35.

Arcus Biosciences Company Profile

Arcus Biosciences, Inc, a clinical-stage biopharmaceutical company, engages in developing and commercializing cancer immunotherapies in the United States. The company develops various programs targeting immuno-oncology pathways, including AB928, a dual adenosine receptor antagonist, which is in a Phase I/Ib clinical trial; and AB122, an anti-PD-1 antibody that is in Phase I clinical trial.

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Institutional Ownership by Quarter for Arcus Biosciences (NYSE:RCUS)

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