Teachers Retirement System of The State of Kentucky Has $3.12 Million Position in Coherus Biosciences Inc (CHRS)

Teachers Retirement System of The State of Kentucky decreased its position in shares of Coherus Biosciences Inc (NASDAQ:CHRS) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,045 shares of the biotechnology company’s stock after selling 8,500 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.28% of Coherus Biosciences worth $3,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRS. Principal Financial Group Inc. bought a new position in Coherus Biosciences in the 1st quarter valued at approximately $115,000. Tower Research Capital LLC TRC bought a new position in Coherus Biosciences in the 2nd quarter valued at approximately $118,000. Dynamic Technology Lab Private Ltd bought a new position in Coherus Biosciences in the 2nd quarter valued at approximately $193,000. BlueMountain Capital Management LLC bought a new position in Coherus Biosciences in the 2nd quarter valued at approximately $214,000. Finally, Fox Run Management L.L.C. bought a new position in Coherus Biosciences in the 2nd quarter valued at approximately $266,000. Institutional investors and hedge funds own 91.19% of the company’s stock.

CHRS has been the subject of several research reports. Zacks Investment Research downgraded shares of Coherus Biosciences from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. BidaskClub downgraded shares of Coherus Biosciences from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Maxim Group reissued a “buy” rating and issued a $25.00 price objective on shares of Coherus Biosciences in a research note on Tuesday, September 25th. HC Wainwright initiated coverage on shares of Coherus Biosciences in a research note on Tuesday, August 28th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Cowen reissued a “buy” rating and issued a $45.00 price objective on shares of Coherus Biosciences in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Coherus Biosciences currently has a consensus rating of “Hold” and a consensus price target of $27.20.

In other news, Director James Healy sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $20.50, for a total transaction of $512,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Barbara K. Finck sold 1,760 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $18.58, for a total transaction of $32,700.80. Following the transaction, the insider now directly owns 38,803 shares of the company’s stock, valued at approximately $720,959.74. The disclosure for this sale can be found here. 26.28% of the stock is currently owned by company insiders.

CHRS stock opened at $12.16 on Friday. The firm has a market cap of $827.18 million, a PE ratio of -2.71 and a beta of 3.72. Coherus Biosciences Inc has a 52-week low of $8.20 and a 52-week high of $20.66. The company has a quick ratio of 5.31, a current ratio of 5.31 and a debt-to-equity ratio of 8.29.

Coherus Biosciences (NASDAQ:CHRS) last released its quarterly earnings results on Thursday, November 8th. The biotechnology company reported ($0.87) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.79) by ($0.08). On average, research analysts predict that Coherus Biosciences Inc will post -3.12 EPS for the current year.

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About Coherus Biosciences

Coherus BioSciences, Inc, a biosimilar company, develops and commercializes various therapeutic products worldwide. The company engages in the development of late-stage clinical products, including CHS-1701 pegfilgrastim biosimilar, a granulocyte colony-stimulating factor product candidate; CHS-1420 adalimumab biosimilar, an anti-tumor necrosis factor product candidate; and CHS-0214, an etanercept biosimilar for rheumatoid arthritis and psoriasis.

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Institutional Ownership by Quarter for Coherus Biosciences (NASDAQ:CHRS)

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