XOMA Corp (XOMA) Major Shareholder Bvf Partners L. P/Il Purchases 21,141 Shares of Stock

XOMA Corp (NASDAQ:XOMA) major shareholder Bvf Partners L. P/Il bought 21,141 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was bought at an average cost of $13.31 per share, for a total transaction of $281,386.71. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of XOMA stock opened at $14.07 on Tuesday. XOMA Corp has a 1 year low of $11.88 and a 1 year high of $37.25. The stock has a market capitalization of $119.61 million, a price-to-earnings ratio of 14.36 and a beta of 2.75. The company has a quick ratio of 5.38, a current ratio of 5.38 and a debt-to-equity ratio of 19.16.

XOMA (NASDAQ:XOMA) last announced its quarterly earnings results on Wednesday, November 7th. The biotechnology company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.40). XOMA had a negative return on equity of 267.64% and a negative net margin of 129.85%. The business had revenue of $0.90 million during the quarter, compared to the consensus estimate of $0.83 million. On average, research analysts predict that XOMA Corp will post -1.63 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Allianz Asset Management GmbH increased its holdings in shares of XOMA by 32.7% in the first quarter. Allianz Asset Management GmbH now owns 12,245 shares of the biotechnology company’s stock worth $248,000 after acquiring an additional 3,020 shares in the last quarter. Jefferies Group LLC bought a new stake in shares of XOMA in the third quarter worth about $313,000. Dynamic Technology Lab Private Ltd increased its holdings in shares of XOMA by 57.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 20,112 shares of the biotechnology company’s stock worth $420,000 after acquiring an additional 7,349 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in shares of XOMA by 25.0% in the second quarter. ClariVest Asset Management LLC now owns 23,500 shares of the biotechnology company’s stock worth $490,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of XOMA by 82.6% in the second quarter. Alps Advisors Inc. now owns 19,946 shares of the biotechnology company’s stock worth $542,000 after acquiring an additional 9,024 shares in the last quarter. Institutional investors own 43.44% of the company’s stock.

Several equities analysts have weighed in on the company. HC Wainwright reissued a “buy” rating and issued a $49.00 target price on shares of XOMA in a research note on Friday, September 21st. S&P Equity Research cut their target price on XOMA from $18.74 to $16.26 in a research note on Tuesday, August 14th. Cowen reissued a “hold” rating on shares of XOMA in a research note on Thursday, November 8th. Wedbush reissued an “outperform” rating on shares of XOMA in a research note on Monday, September 17th. Finally, Zacks Investment Research lowered XOMA from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $28.07.

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About XOMA

XOMA Corporation engages in the discovery, development, and licensing of therapeutic antibodies in the United States, Europe, and the Asia Pacific. The company has a portfolio of monoclonal antibodies and technologies to license to pharmaceutical and biotechnology companies to further their clinical development.

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