Clark Capital Management Group buys $17,643,888 stake in Amgen (AMGN)

Amgen (AMGN) : Clark Capital Management Group scooped up 40,718 additional shares in Amgen 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 101,976 shares of Amgen which is valued at $17,643,888.Amgen makes up approximately 1.30% of Clark Capital Management Group’s portfolio.

Other Hedge Funds, Including , Boothbay Fund Management added AMGN to its portfolio by purchasing 1,598 company shares during the most recent quarter which is valued at $276,486. Amgen makes up approx 0.12% of Boothbay Fund Management’s portfolio.Boyer Corporon Wealth Management reduced its stake in AMGN by selling 343 shares or 14.86% in the most recent quarter. The Hedge Fund company now holds 1,965 shares of AMGN which is valued at $339,984. Amgen makes up approx 0.16% of Boyer Corporon Wealth Management’s portfolio.First Eagle Investment Management reduced its stake in AMGN by selling 298,589 shares or 24.17% in the most recent quarter. The Hedge Fund company now holds 936,565 shares of AMGN which is valued at $161,491,903. Amgen makes up approx 0.39% of First Eagle Investment Management’s portfolio.

Amgen opened for trading at $170.55 and hit $170.56 on the upside on Thursday, eventually ending the session at $170.13, with a gain of 0.04% or 0.07 points. The heightened volatility saw the trading volume jump to 18,76,141 shares. Company has a market cap of $127,319 M.

On the company’s financial health, Amgen reported $2.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.74. The company had revenue of $5688.00 million for the quarter, compared to analysts expectations of $5579.33 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.57 EPS.

Many Wall Street Analysts have commented on Amgen. Amgen was Initiated by Bernstein to “Mkt Perform” on Jun 29, 2016.

Amgen Inc. (Amgen) is a biotechnology company. The Company is engaged in discovering developing manufacturing and delivering human therapeutics. The Company’s sales and marketing forces are located in the United States and Europe. In the United States it sells its products to pharmaceutical wholesale distributors. The Company also markets certain products directly to consumers through direct-to-consumer print and television advertising as well as through the Internet. Outside the United States the Company sells its products to healthcare providers and/or pharmaceutical wholesale distributors. The Company’s products include Neulasta (pegfilgrastim)/NEUPOGEN (filgrastim) Enbrel (etanercept) XGEVA/Prolia (denosumab) ESAs (erythropoiesis-stimulating agents) Sensipar/Mimpara (cinacalcet) Kyprolis and Evolocumab among others.

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