Valeant Pharmaceuticals Intl Inc (VRX) : Nebula Capital Management Lp reduced its stake in Valeant Pharmaceuticals Intl Inc by 73.53% during the most recent quarter end. The investment management company now holds a total of 31,770 shares of Valeant Pharmaceuticals Intl Inc which is valued at $710,377 after selling 88,230 shares in Valeant Pharmaceuticals Intl Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Valeant Pharmaceuticals Intl Inc makes up approximately 5.48% of Nebula Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in VRX by selling 1,115 shares or 78.8% in the most recent quarter. The Hedge Fund company now holds 300 shares of VRX which is valued at $6,708.Deltec Asset Management boosted its stake in VRX in the latest quarter, The investment management firm added 6,970 additional shares and now holds a total of 15,800 shares of Valeant Pharmaceuticals Intl Inc which is valued at $371,142. Valeant Pharmaceuticals Intl Inc makes up approx 0.09% of Deltec Asset Management’s portfolio.Equitec Proprietary Markets reduced its stake in VRX by selling 27,300 shares or 89.22% in the most recent quarter. The Hedge Fund company now holds 3,300 shares of VRX which is valued at $75,306. Valeant Pharmaceuticals Intl Inc makes up approx 0.16% of Equitec Proprietary Markets’s portfolio. First Manhattan Co added VRX to its portfolio by purchasing 56 company shares during the most recent quarter which is valued at $1,316.Breton Hill Capital Ltd. boosted its stake in VRX in the latest quarter, The investment management firm added 627 additional shares and now holds a total of 17,379 shares of Valeant Pharmaceuticals Intl Inc which is valued at $375,734. Valeant Pharmaceuticals Intl Inc makes up approx 0.12% of Breton Hill Capital Ltd.’s portfolio.
Valeant Pharmaceuticals Intl Inc closed down -0.12 points or -0.54% at $22.24 with 1,23,59,603 shares getting traded on Thursday. Post opening the session at $22.35, the shares hit an intraday low of $21.99 and an intraday high of $22.7765 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Valeant Pharmaceuticals Intl Inc reported $1.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Jun 7, 2016. Analyst had a consensus of $1.37. The company had revenue of $2371.60 million for the quarter, compared to analysts expectations of $2337.60 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS.
Many Wall Street Analysts have commented on Valeant Pharmaceuticals Intl Inc. Valeant Pharmaceuticals Intl Inc was Downgraded by JP Morgan to ” Neutral” on Jun 23, 2016. Shares were Reiterated by RBC Capital Mkts on Jun 8, 2016 to “Sector Perform” and Lowered the Price Target to $ 33 from a previous price target of $58 .Shares were Reiterated by Stifel on Jun 8, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $65 .
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.