Ft Options adds BioMarin Pharmaceutical (BMRN) to its portfolio

BioMarin Pharmaceutical (BMRN) : Ft Options added new position in BioMarin Pharmaceutical during the most recent quarter end. The investment management firm now holds 21,373 shares of BioMarin Pharmaceutical which is valued at $1,975,720 , the company said in a statement filed on Aug 12, 2016 with the SEC.BioMarin Pharmaceutical makes up approximately 2.39% of Ft Options’s portfolio.

Other Hedge Funds, Including , Jefferies Group reduced its stake in BMRN by selling 5,297 shares or 16.93% in the most recent quarter. The Hedge Fund company now holds 25,994 shares of BMRN which is valued at $2,402,885. BioMarin Pharmaceutical makes up approx 0.08% of Jefferies Group’s portfolio.Teacher Retirement System Of Texas boosted its stake in BMRN in the latest quarter, The investment management firm added 2,731 additional shares and now holds a total of 11,512 shares of BioMarin Pharmaceutical which is valued at $1,139,918. BioMarin Pharmaceutical makes up approx 0.01% of Teacher Retirement System Of Texas’s portfolio.Royal London Asset Management Ltd reduced its stake in BMRN by selling 225 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 55,482 shares of BMRN which is valued at $5,629,204. BioMarin Pharmaceutical makes up approx 0.09% of Royal London Asset Management Ltd’s portfolio.

BioMarin Pharmaceutical closed down -0.48 points or -0.50% at $95.74 with 8,00,206 shares getting traded on Monday. Post opening the session at $96.26, the shares hit an intraday low of $94.88 and an intraday high of $96.7899 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, BioMarin Pharmaceutical reported $-2.61 EPS for the quarter, missing the analyst consensus estimate by $ -2.52 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.09. The company had revenue of $300.10 million for the quarter, compared to analysts expectations of $279.05 million. The company’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.51 EPS.

Many Wall Street Analysts have commented on BioMarin Pharmaceutical. Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 113 from a previous price target of $107 .Company shares were Reiterated by Piper Jaffray on Aug 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 120 from a previous price target of $107 .

BioMarin Pharmaceutical Inc. develops and commercializes pharmaceuticals for serious diseases and medical conditions. The Company’s product portfolio is comprised of five approved products and multiple clinical and pre-clinical product candidates. Its approved products are Vimizim (elosulfase alpha) Naglazyme (galsulfase) Kuvan (sapropterin dihydrochloride) Aldurazyme (laronidase) and Firdapse (amifampridine phosphate). Vimizim received marketing approval in the United States the European Union and subsequently in several other countries. Naglazyme received marketing approval in the United States the European Union and subsequently in other countries. Kuvan was granted marketing approval in the United States the European Union. Aldurazyme which was developed in collaboration with Genzyme Corporation (Genzyme) was approved for marketing in the United States the European Union and subsequently in other countries. Firdapse was approved by the European Medicines Agency (EMA).

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