14,090 Shares in INC Research Holdings, Inc. (INCR) Acquired by Jane Street Group LLC

Jane Street Group LLC purchased a new stake in shares of INC Research Holdings, Inc. (NASDAQ:INCR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,090 shares of the company’s stock, valued at approximately $737,000.

Several other hedge funds have also recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. lifted its position in INC Research by 6.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 88,900 shares of the company’s stock valued at $4,648,000 after buying an additional 5,600 shares during the last quarter. Allianz Asset Management GmbH lifted its position in INC Research by 5.2% in the third quarter. Allianz Asset Management GmbH now owns 29,366 shares of the company’s stock valued at $1,536,000 after buying an additional 1,442 shares during the last quarter. OxFORD Asset Management LLP lifted its position in INC Research by 45.0% in the third quarter. OxFORD Asset Management LLP now owns 81,398 shares of the company’s stock valued at $4,282,000 after buying an additional 25,252 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in INC Research by 47.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 137,286 shares of the company’s stock valued at $7,180,000 after buying an additional 44,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in INC Research by 27.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,229,131 shares of the company’s stock valued at $64,284,000 after buying an additional 263,026 shares during the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of INC Research Holdings, Inc. (NASDAQ:INCR) opened at $41.05 on Friday. The stock has a market cap of $4,366.84, a PE ratio of 19.20, a PEG ratio of 1.32 and a beta of 1.08. INC Research Holdings, Inc. has a 1 year low of $33.60 and a 1 year high of $61.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.27 and a current ratio of 1.27.

INC Research (NASDAQ:INCR) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.09). The business had revenue of $592.21 million for the quarter, compared to analyst estimates of $604.95 million. INC Research had a positive return on equity of 14.42% and a negative net margin of 4.29%. The firm’s revenue for the quarter was up 128.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. research analysts expect that INC Research Holdings, Inc. will post 2.15 EPS for the current fiscal year.

In other news, CEO Alistair Macdonald sold 2,348 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $54.60, for a total transaction of $128,200.80. Following the sale, the chief executive officer now owns 99,453 shares of the company’s stock, valued at $5,430,133.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher L. Gaenzle sold 4,682 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $54.56, for a total transaction of $255,449.92. Following the sale, the chief accounting officer now owns 60,579 shares in the company, valued at $3,305,190.24. The disclosure for this sale can be found here. Insiders have sold 16,733 shares of company stock worth $912,270 in the last three months. Corporate insiders own 0.24% of the company’s stock.

A number of research firms have commented on INCR. BidaskClub raised shares of INC Research from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Barclays began coverage on shares of INC Research in a research report on Monday. They issued an “equal weight” rating and a $40.00 target price on the stock. Zacks Investment Research cut shares of INC Research from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. SunTrust Banks decreased their target price on shares of INC Research to $50.00 and set a “buy” rating on the stock in a research report on Friday, December 1st. Finally, Mizuho set a $41.00 target price on shares of INC Research and gave the company a “neutral” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.40.

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INC Research Profile

INC Research Holdings, Inc is a global contract research organization (CRO). The Company focuses on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.

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Institutional Ownership by Quarter for INC Research (NASDAQ:INCR)

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