Comerica Bank trimmed its holdings in shares of Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD – Get Rating) by 22.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,127 shares of the biotechnology company's stock after selling 27,845 shares during the period. Comerica Bank's holdings in Ironwood Pharmaceuticals were worth $1,031,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Raymond James & Associates lifted its position in Ironwood Pharmaceuticals by 11.1% during the first quarter. Raymond James & Associates now owns 24,117 shares of the biotechnology company's stock valued at $303,000 after purchasing an additional 2,418 shares during the period. Cetera Advisor Networks LLC raised its stake in shares of Ironwood Pharmaceuticals by 8.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 11,021 shares of the biotechnology company's stock valued at $139,000 after buying an additional 893 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Ironwood Pharmaceuticals by 6.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 41,253 shares of the biotechnology company's stock valued at $518,000 after buying an additional 2,402 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Ironwood Pharmaceuticals by 55.5% in the first quarter. MetLife Investment Management LLC now owns 79,249 shares of the biotechnology company's stock worth $997,000 after buying an additional 28,288 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Ironwood Pharmaceuticals by 4.0% during the first quarter. Rhumbline Advisers now owns 164,608 shares of the biotechnology company's stock worth $2,071,000 after acquiring an additional 6,277 shares during the period.

Ironwood Pharmaceuticals Stock Up 0.6 %

IRWD opened at $11.46 on Wednesday. The company has a fifty day moving average of $11.88 and a two-hundred day moving average of $11.37. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 12.06 and a beta of 0.96. Ironwood Pharmaceuticals, Inc. has a fifty-two week low of $9.73 and a fifty-two week high of $12.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 25.78 and a current ratio of 25.78.

Insider Activity

In other news, CEO Thomas A. Mccourt sold 110,962 shares of the stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $12.07, for a total transaction of $1,339,311.34. Following the transaction, the chief executive officer now owns 712,440 shares in the company, valued at approximately $8,599,150.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 13.10% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Ironwood Pharmaceuticals from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 17th.

About Ironwood Pharmaceuticals

(Get Rating)

Ironwood Pharmaceuticals, Inc, a healthcare company, focuses on the development and commercialization of gastrointestinal (GI) products. It markets linaclotide, a guanylate cyclase type-C agonist for the treatment of adults suffering from irritable bowel syndrome with constipation (IBS-C) or chronic idiopathic constipation (CIC) under the LINZESS name in the United States and Mexico, as well as under the CONSTELLA name in the Canada and European Union.

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