Hillhouse Capital Management Ltd. Purchases New Holdings in UROGEN PHARMA (URGN)
Hillhouse Capital Management Ltd. purchased a new stake in UROGEN PHARMA (NASDAQ:URGN) during the second quarter, according to its most recent filing with the SEC. The fund purchased 352,300 shares of the company’s stock, valued at approximately $6,363,000. Hillhouse Capital Management Ltd. owned about 15.28% of UROGEN PHARMA as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in URGN. Alps Advisors Inc. purchased a new stake in UROGEN PHARMA in the 2nd quarter worth $195,000. Jennison Associates LLC bought a new stake in shares of UROGEN PHARMA in the second quarter worth about $3,168,000. Menora Mivtachim Holdings LTD. purchased a new stake in shares of UROGEN PHARMA in the second quarter worth about $2,331,000. Spark Investment Management LLC purchased a new stake in shares of UROGEN PHARMA in the second quarter worth about $856,000. Finally, LLBH Private Wealth Management LLC purchased a new stake in shares of UROGEN PHARMA in the second quarter worth about $695,000. Institutional investors own 36.06% of the company’s stock.
A number of research firms have issued reports on URGN. Oppenheimer Holdings, Inc. set a $32.00 price objective on UROGEN PHARMA and gave the stock a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded UROGEN PHARMA from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $26.00.
Shares of UROGEN PHARMA (NASDAQ URGN) traded down 4.75% on Wednesday, hitting $30.45. 25,342 shares of the company were exchanged. The firm’s 50-day moving average is $25.81 and its 200-day moving average is $20.30. UROGEN PHARMA has a 52-week low of $13.01 and a 52-week high of $33.77. The stock’s market capitalization is $396.15 million.
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UROGEN PHARMA Company Profile
Urogen Pharma Ltd, formerly Theracoat Ltd, is an Israel-based clinical-stage biopharmaceutical company. It is engaged in developing therapies designed to care for urological pathologies. Its lead product candidates include MitoGel and VesiGel. MiroGel is a sustained release formulation of the chemotherapy agent Mitomycin C for the treatment of low-grade upper tract urothelial carcinoma, an urothelial cancer in the upper tract.
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