Indivior PLC $INDV Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Position

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in shares of Indivior PLC (NASDAQ:INDV – Free Report) by 31.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,600 shares of the company’s stock after selling 25,600 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Indivior were worth $1,993,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its holdings in Indivior by 512.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,286 shares of the company’s stock worth $46,000 after buying an additional 1,076 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Indivior during the second quarter valued at about $63,000. GAMMA Investing LLC acquired a new stake in shares of Indivior during the second quarter valued at about $66,000. China Universal Asset Management Co. Ltd. increased its position in shares of Indivior by 11.0% during the third quarter. China Universal Asset Management Co. Ltd. now owns 21,533 shares of the company’s stock worth $788,000 after acquiring an additional 2,129 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Indivior by 482.1% during the third quarter. Sterling Capital Management LLC now owns 3,772 shares of the company’s stock worth $135,000 after acquiring an additional 3,124 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Indivior Price Performance

Shares of INDV stock opened at $36.40 on Wednesday. The firm has a market cap of $4.30 billion, a P/E ratio of 8.54 and a beta of 0.84. Indivior PLC has a 1-year low of $27.68 and a 1-year high of $42.81. The firm has a fifty day moving average of $35.19 and a two-hundred day moving average of $35.64.

Indivior (NASDAQ:INDV – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.06 by $0.26. The business had revenue of $356.00 million for the quarter, compared to analysts’ expectations of $329.35 million. Indivior had a net margin of 32.75% and a negative return on equity of 418.04%. On average, sell-side analysts expect that Indivior PLC will post 3.66 EPS for the current year.

Indivior Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 30th will be paid a dividend of $8.13 per share. The ex-dividend date is Tuesday, November 3rd.

Analysts Set New Price Targets

Several research analysts recently commented on INDV shares. Zacks Research upgraded Indivior from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Weiss Ratings lowered Indivior from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Wall Street Zen downgraded Indivior from a “strong-buy” rating to a “buy” rating in a report on Saturday. Barclays lifted their price objective on Indivior from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $53.00 target price on shares of Indivior in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $46.40.

Get Our Latest Stock Analysis on Indivior

Insider Transactions at Indivior

In other news, CAO Woodrow D. Anderson bought 1,500 shares of Indivior stock in a transaction on Thursday, August 27th. The shares were bought at an average price of $35.69 per share, with a total value of $53,535.00. Following the acquisition, the chief accounting officer directly owned 27,638 shares in the company, valued at approximately $986,400.22. This represents a 5.74% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.74% of the stock is owned by insiders.

Indivior Company Profile

(Free Report)

Indivior PLC (NASDAQ:INDV) is a global pharmaceutical company focused on developing and commercializing medicines for substance use disorders and serious mental health conditions. Its portfolio is centered on treatments for opioid use disorder, opioid overdose, and related medical needs.

The company’s principal products include Sublocade, an extended-release buprenorphine injection for opioid use disorder; Suboxone, a buprenorphine and naloxone treatment available in film and other formulations; and Opvee, a nalmefene nasal spray intended for the emergency treatment of known or suspected opioid overdose.

See Also

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Institutional Ownership by Quarter for Indivior (NASDAQ:INDV)

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