Tygh Capital Management Inc. Sells 16,694 Shares of Icon Plc (ICLR)

Tygh Capital Management Inc. trimmed its stake in shares of Icon Plc (NASDAQ:ICLR) by 36.1% during the 4th quarter, Holdings Channel reports. The fund owned 29,497 shares of the medical research company’s stock after selling 16,694 shares during the quarter. Tygh Capital Management Inc.’s holdings in Icon were worth $3,811,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ICLR. Massachusetts Financial Services Co. MA lifted its holdings in Icon by 12.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,070,319 shares of the medical research company’s stock worth $164,561,000 after buying an additional 121,970 shares during the period. Bank of New York Mellon Corp lifted its holdings in Icon by 10.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,947 shares of the medical research company’s stock worth $21,860,000 after buying an additional 15,137 shares during the period. Atria Investments LLC lifted its holdings in Icon by 18.5% in the 3rd quarter. Atria Investments LLC now owns 6,556 shares of the medical research company’s stock worth $1,008,000 after buying an additional 1,024 shares during the period. Man Group plc lifted its holdings in Icon by 40.0% in the 3rd quarter. Man Group plc now owns 72,673 shares of the medical research company’s stock worth $11,174,000 after buying an additional 20,778 shares during the period. Finally, Blackcrane Capital LLC purchased a new stake in Icon in the 4th quarter worth approximately $19,576,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

ICLR has been the subject of several research analyst reports. Zacks Investment Research cut Icon from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Evercore ISI upgraded Icon from an “in-line” rating to an “outperform” rating in a research note on Friday, October 26th. UBS Group set a $136.00 target price on Icon and gave the company a “sell” rating in a research note on Saturday, October 27th. BidaskClub cut Icon from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 20th. Finally, Goldman Sachs Group cut Icon from a “conviction-buy” rating to a “buy” rating and set a $168.00 target price for the company. in a research note on Friday, December 14th. Two investment analysts have rated the stock with a sell rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $153.11.

Shares of ICLR traded up $2.04 on Wednesday, reaching $142.95. The stock had a trading volume of 2,884 shares, compared to its average volume of 281,324. The stock has a market cap of $7.65 billion, a PE ratio of 26.50, a PEG ratio of 1.75 and a beta of 0.71. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. Icon Plc has a 12-month low of $107.25 and a 12-month high of $155.33.

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About Icon

ICON Public Limited Company, a clinical research organization, provides outsourced development services to the pharmaceutical, biotechnology, and medical device industries in Ireland, rest of Europe, the United States, and internationally. It specializes in the strategic development, management, and analysis of programs that support various stages of the clinical development process from compound selection to Phase I-IV clinical studies.

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Institutional Ownership by Quarter for Icon (NASDAQ:ICLR)

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