Paulson buys $331,057,216 stake in Valeant Pharmaceuticals Intl Inc (VRX)

Valeant Pharmaceuticals Intl Inc (VRX) : Paulson scooped up 18,900 additional shares in Valeant Pharmaceuticals Intl Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 13,284,800 shares of Valeant Pharmaceuticals Intl Inc which is valued at $331,057,216.Valeant Pharmaceuticals Intl Inc makes up approximately 2.44% of Paulson’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp boosted its stake in VRX in the latest quarter, The investment management firm added 164,668 additional shares and now holds a total of 175,594 shares of Valeant Pharmaceuticals Intl Inc which is valued at $4,375,802. Valeant Pharmaceuticals Intl Inc makes up approx 0.02% of Two Sigma Investments Lp’s portfolio.Norges Bank boosted its stake in VRX in the latest quarter, The investment management firm added 173,433 additional shares and now holds a total of 2,612,211 shares of Valeant Pharmaceuticals Intl Inc which is valued at $65,096,298. Valeant Pharmaceuticals Intl Inc makes up approx 0.03% of Norges Bank’s portfolio.Tiaa Cref Investment Management boosted its stake in VRX in the latest quarter, The investment management firm added 2,720 additional shares and now holds a total of 571,468 shares of Valeant Pharmaceuticals Intl Inc which is valued at $14,240,983. Valeant Pharmaceuticals Intl Inc makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Public Sector Pension Investment Board reduced its stake in VRX by selling 140,800 shares or 21.75% in the most recent quarter. The Hedge Fund company now holds 506,617 shares of VRX which is valued at $12,624,896. Valeant Pharmaceuticals Intl Inc makes up approx 0.15% of Public Sector Pension Investment Board’s portfolio.Msi Financial Services Inc boosted its stake in VRX in the latest quarter, The investment management firm added 7,507 additional shares and now holds a total of 14,349 shares of Valeant Pharmaceuticals Intl Inc which is valued at $337,058. Valeant Pharmaceuticals Intl Inc makes up approx 0.01% of Msi Financial Services Inc’s portfolio.

Valeant Pharmaceuticals Intl Inc opened for trading at $28.91 and hit $29.385 on the upside on Thursday, eventually ending the session at $29.12, with a gain of 0.31% or 0.09 points. The heightened volatility saw the trading volume jump to 1,54,49,178 shares. Company has a market cap of $10,120 M.

On the company’s financial health, Valeant Pharmaceuticals Intl Inc reported $1.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $1.48. The company had revenue of $2420.20 million for the quarter, compared to analysts expectations of $2451.77 million. The company’s revenue was down -11.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.14 EPS.

Many Wall Street Analysts have commented on Valeant Pharmaceuticals Intl Inc. Company shares were Upgraded by Morgan Stanley on Aug 17, 2016 to ” Overweight”, Firm has raised the Price Target to $ 42 from a previous price target of $33 .Company shares were Upgraded by Mizuho on Aug 15, 2016 to ” Neutral”, Firm has raised the Price Target to $ 25 from a previous price target of $11 .Company shares were Reiterated by Piper Jaffray on Aug 10, 2016 to “Underweight”, Firm has raised the Price Target to $ 22 from a previous price target of $19 .

Valeant Pharmaceuticals International Inc. is a specialty pharmaceutical and medical device company. The Company is engaged in developing manufacturing and marketing a range of branded generic and branded generic pharmaceuticals over-the-counter (OTC) products and medical devices (contact lenses intraocular lenses ophthalmic surgical equipment and aesthetics devices) which are marketed directly or indirectly in over 100 countries. The Company operates through two segments: developed markets and emerging markets. The Company’s developed markets segment consists of sales in the United States of pharmaceutical products OTC products and medical device products. The Company’s Emerging Markets segment consists of branded generic pharmaceutical products and branded pharmaceuticals OTC products and medical device products.

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