Biogen Inc (BIIB) : Sensible Financial Planning Management. added new position in Biogen Inc during the most recent quarter end. The investment management firm now holds 89 shares of Biogen Inc which is valued at $27,941 , the company said in a statement filed on Aug 11, 2016 with the SEC.Biogen Inc makes up approximately 0.02% of Sensible Financial Planning Management.’s portfolio.
Other Hedge Funds, Including , Bluemountain Capital Management sold out all of its stake in BIIB during the most recent quarter. The investment firm sold 2,737 shares of BIIB which is valued $859,254.Global X Management Co boosted its stake in BIIB in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 268 shares of Biogen Inc which is valued at $84,283.Gerstein Fisher boosted its stake in BIIB in the latest quarter, The investment management firm added 97 additional shares and now holds a total of 957 shares of Biogen Inc which is valued at $300,967. Biogen Inc makes up approx 0.04% of Gerstein Fisher’s portfolio.First Trust Advisors Lp reduced its stake in BIIB by selling 3,029 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 134,116 shares of BIIB which is valued at $42,375,291. Biogen Inc makes up approx 0.13% of First Trust Advisors Lp’s portfolio.
Biogen Inc opened for trading at $316.81 and hit $322.99 on the upside on Tuesday, eventually ending the session at $318.17, with a gain of 0.43% or 1.36 points. The heightened volatility saw the trading volume jump to 14,29,298 shares. Company has a market cap of $69,718 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.