Biogen Inc (BIIB) : Analyst Ims Investment Management Services Ltd. reduced its stake in Biogen Inc by 3.64% during the most recent quarter end. The investment management company now holds a total of 9,109 shares of Biogen Inc which is valued at $2,859,679 after selling 344 shares in Biogen Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Biogen Inc makes up approximately 1.14% of Analyst Ims Investment Management Services Ltd.’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in BIIB by selling 783 shares or 3.98% in the most recent quarter. The Hedge Fund company now holds 18,891 shares of BIIB which is valued at $5,930,641. Biogen Inc makes up approx 0.52% of Reliance Trust Co Of Delaware’s portfolio.Dupont Capital Management Corp reduced its stake in BIIB by selling 6,113 shares or 39.21% in the most recent quarter. The Hedge Fund company now holds 9,479 shares of BIIB which is valued at $3,045,982. Biogen Inc makes up approx 0.07% of Dupont Capital Management Corp’s portfolio.Jnba Financial Advisors boosted its stake in BIIB in the latest quarter, The investment management firm added 405 additional shares and now holds a total of 1,421 shares of Biogen Inc which is valued at $408,935. Biogen Inc makes up approx 0.11% of Jnba Financial Advisors’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in BIIB by selling 21,826 shares or 66.64% in the most recent quarter. The Hedge Fund company now holds 10,924 shares of BIIB which is valued at $3,143,709. Biogen Inc makes up approx 0.03% of Tiaa Cref Trust Co Fsbmo’s portfolio. Quantres Asset Management Ltd added BIIB to its portfolio by purchasing 10,400 company shares during the most recent quarter which is valued at $2,992,912. Biogen Inc makes up approx 1.78% of Quantres Asset Management Ltd’s portfolio.
Biogen Inc opened for trading at $313.69 and hit $319.89 on the upside on Friday, eventually ending the session at $316.81, with a gain of 1.09% or 3.43 points. The heightened volatility saw the trading volume jump to 13,93,517 shares. Company has a market cap of $69,420 M.
On the company’s financial health, Biogen Inc reported $5.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.52 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $4.69. The company had revenue of $2894.00 million for the quarter, compared to analysts expectations of $2790.65 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.22 EPS.
Many Wall Street Analysts have commented on Biogen Inc. Biogen Inc was Initiated by Bernstein to “Outperform” on Jun 29, 2016. Biogen Inc was Downgraded by Citigroup to ” Neutral” on Jun 7, 2016.
Biogen Inc. formerly Biogen Idec Inc. is a global biopharmaceutical company. The Company is focused on discovering developing manufacturing and delivering therapies for neurological autoimmune and hematologic disorders. The Company develops manufactures and markets products designed for the treatment of multiple sclerosis (MS) and hemophilia A and B. The Company’s marketed products include AVONEX PLEGRIDY TECFIDERA TYSABRI FAMPYRA for multiple sclerosis (MS) ALPROLIX for hemophilia B and ELOCTATE for hemophilia A among others. It also collaborates on the development and commercialization of RITUXAN (rituximab) which is a monoclonal antibody for the treatment of non-Hodgkin’s lymphoma chronic lymphocytic leukemia and other conditions and share profits and losses for GAZYVA which is for the treatment of chronic lymphocytic leukemia.