Rhumbline Advisers buys $212,599,017 stake in Amgen (AMGN)

Amgen (AMGN) : Rhumbline Advisers scooped up 45,400 additional shares in Amgen during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,228,754 shares of Amgen which is valued at $212,599,017.Amgen makes up approximately 0.61% of Rhumbline Advisers’s portfolio.

Other Hedge Funds, Including , Aviance Capital Partners boosted its stake in AMGN in the latest quarter, The investment management firm added 3,307 additional shares and now holds a total of 36,533 shares of Amgen which is valued at $6,320,940. Amgen makes up approx 2.23% of Aviance Capital Partners’s portfolio. Manning Napier Advisors added AMGN to its portfolio by purchasing 69,758 company shares during the most recent quarter which is valued at $12,114,174. Amgen makes up approx 0.07% of Manning Napier Advisors’s portfolio. Cumberland Partners Ltd added AMGN to its portfolio by purchasing 1,847 company shares during the most recent quarter which is valued at $315,246. Amgen makes up approx 0.04% of Cumberland Partners Ltd’s portfolio.New Century Investment Management Inc reduced its stake in AMGN by selling 39 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 5,203 shares of AMGN which is valued at $861,981. Amgen makes up approx 0.44% of New Century Investment Management Inc’s portfolio.

Amgen opened for trading at $174.44 and hit $175.99 on the upside on Tuesday, eventually ending the session at $174.4, with a gain of 0.03% or 0.05 points. The heightened volatility saw the trading volume jump to 23,76,437 shares. Company has a market cap of $130,514 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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