Sphera Funds Management Ltd. buys $5,647,581 stake in Alexion Pharmaceuticals (ALXN)

Alexion Pharmaceuticals (ALXN) : Sphera Funds Management Ltd. scooped up 2,323 additional shares in Alexion Pharmaceuticals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 42,323 shares of Alexion Pharmaceuticals which is valued at $5,647,581.Alexion Pharmaceuticals makes up approximately 1.30% of Sphera Funds Management Ltd.’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors reduced its stake in ALXN by selling 27,413 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 991,371 shares of ALXN which is valued at $132,288,546. Alexion Pharmaceuticals makes up approx 0.14% of Blackrock Advisors’s portfolio.Central Trust Co reduced its stake in ALXN by selling 694 shares or 48.13% in the most recent quarter. The Hedge Fund company now holds 748 shares of ALXN which is valued at $99,985. Alexion Pharmaceuticals makes up approx 0.01% of Central Trust Co’s portfolio.Sg Americas Securities reduced its stake in ALXN by selling 6,294 shares or 17.51% in the most recent quarter. The Hedge Fund company now holds 29,653 shares of ALXN which is valued at $4,082,032. Alexion Pharmaceuticals makes up approx 0.03% of Sg Americas Securities’s portfolio.Diam Ltd. boosted its stake in ALXN in the latest quarter, The investment management firm added 12,844 additional shares and now holds a total of 117,247 shares of Alexion Pharmaceuticals which is valued at $16,140,222. Alexion Pharmaceuticals makes up approx 0.23% of Diam Ltd.’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in ALXN in the latest quarter, The investment management firm added 908 additional shares and now holds a total of 33,664 shares of Alexion Pharmaceuticals which is valued at $4,634,186. Alexion Pharmaceuticals makes up approx 0.12% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Alexion Pharmaceuticals closed down -0.295 points or -0.22% at $132.135 with 7,95,928 shares getting traded on Friday. Post opening the session at $132.03, the shares hit an intraday low of $131.971 and an intraday high of $133.325 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Alexion Pharmaceuticals reported $1.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $1.17. The company had revenue of $753.10 million for the quarter, compared to analysts expectations of $743.05 million. The company’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Alexion Pharmaceuticals. Shares were Reiterated by Stifel on Jul 29, 2016 to “Buy” and Lowered the Price Target to $ 182 from a previous price target of $195 .Shares were Reiterated by Barclays on Jul 29, 2016 to “Equal Weight” and Lowered the Price Target to $ 150 from a previous price target of $165 .RBC Capital Mkts Initiated Alexion Pharmaceuticals on Jul 13, 2016 to “Outperform”, Price Target of the shares are set at $188.

Alexion Pharmaceuticals Inc. is a biopharmaceutical company. The Company is focused on the development and commercialization of life-transforming therapeutic products. As of June 23 2015 the Company had eight product candidates in clinical trials for 11 indications. The Company’s product pipeline includes complement inhibitor portfolio metabolic rare disease portfolio and preclinical candidates. Its complement inhibitor portfolio includes Soliris ALXN1007 ALXN1210 and ALXN5500. Its metabolic rare disease portfolio includes Strensiq Kanuma ALXN1101 and SBC-103. The Company’s preclinical candidates include mRNA Therapies SBC-105 and other complement inhibitors. Its Soliris is approved for the treatment of patients with paroxysmal nocturnal hemoglobinuria (PNH) and atypical hemolytic uremic syndrome (aHUS) two life-threatening ultra-rare disorders.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *