Halozyme Therapeutics stock to surge thanks to Bristol-Myers licensing deal

16 September, 2017, 22:34 | Author: Leticia Walters
  • Helen Torley Halozyme

In looking at volatility levels, the shares saw weekly volatility of 1.41% and 1.50% over the past month. The institutional investor held 550,600 shares of the major pharmaceuticals company at the end of 2016Q4, valued at $32.18M, up from 415,024 at the end of the previous reported quarter.

July 28 investment analysts at Leerink Swann made no change to the stock rating of "Outperform" and lowered the price expectation from $77.00 to $61.00.

The counter witnessed a trading volume of 5.35 million shares versus an average volume of 6.63 million shares during last trading session.

Bristol-Myers Squibb Company (NYSE:BMY) operates in the Drug Manufacturers - Major segment of the Healthcare sector. It has underperformed by 7.74% the S&P500.

Anderson Hoagland & Co increased Amazon.Com (AMZN) stake by 41.85% reported in 2016Q4 SEC filing. This works out to a net decrease in ownership of 29.09 million shares, and suggests that institutions are feeling bearish about the stock. Td Capital Ltd Liability Corporation reported 0.05% of its portfolio in Bristol-Myers Squibb Co (NYSE:BMY). Hbk Sorce Advisory Llc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $360.86 billion market cap company.

More recently, the companies expanded their alliance to include the study of Halozyme's own investigational oncology drug, PEGPH20, with Tecentriq. Nationwide Fund Advsrs holds 0.28% or 1.15M shares. Euronet Worldwide, Inc. (EEFT) has risen 8.96% since September 15, 2016 and is uptrending. It has underperformed by 39.89% the S&P500. DMTX's SI was 239,600 shares in September as released by FINRA.

Bristol-Myers Squibb Company's ROA is 0%, while industry's average is 3.06%. Therefore 32% are positive. The firm has "Market Perform" rating by BMO Capital Markets given on Monday, January 25. As per Monday, July 3, the company rating was downgraded by Piper Jaffray. The rating was upgraded by Guggenheim to "Buy" on Wednesday, December 2. The firm has "Hold" rating given on Tuesday, June 14 by Jefferies. (The) reaffirmed a buy rating and set a $65.00 price objective (up previously from $62.00) on shares of Bristol-Myers Squibb in a research note on Thursday, September 7th. Hilliard Lyons initiated the shares of BMY in report on Monday, May 23 with "Neutral" rating. Also, SVP Joseph C. Caldarella sold 9,340 shares of Bristol-Myers Squibb stock in a transaction on Wednesday, September 6th. (NASDAQ:AMZN) has "Buy" rating given on Monday, October 24 by Goldman Sachs. The firm has "Buy" rating given on Wednesday, April 20 by Argus Research. Finally, Founders Capital Management LLC raised its stake in Bristol-Myers Squibb by 0.7% in the 1st quarter. It also reduced Ishares Barclays Int Credit Bo (CIU) stake by 2,945 shares and now owns 17,949 shares. It tells an investor how quickly a company is increasing its revenues. Its down 0.34, from 1.7 in 2016Q3. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment owns 0% invested in Axon Enterprise Inc (NASDAQ:AAXN) for 13,000 shares. 740,723 were reported by Sei Invests. The biopharmaceutical company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.67 by $0.04. Short shares grew from 8,814,540 to 9,975,476 over that period. Stevens Cap Limited Partnership has 0.01% invested in Axon Enterprise Inc (NASDAQ:AAXN). Bryn Mawr Communication holds 157,431 shares or 0.58% of its portfolio. The stock rose 1.06% or $0.07 reaching $7.12. Stonebridge Capital Management, a California-based fund reported 88,043 shares. Stadion Money Mgmt Limited Liability Company holds 28,565 shares. Amp Invsts Ltd reported 0.12% in Abbott Laboratories (NYSE:ABT). Pineno Levin & Ford Asset Management invested in 3.15% or 56,818 shares. Bangor Savings Bank invested in 8,046 shares or 0.07% of the stock. Tobam raised its stake in shares of Bristol-Myers Squibb by 124.5% during the first quarter. American Eagle Outfitters Ne (NYSE:AEO) was reduced too. Taser Intl Inc Com now has $1.17B valuation.

Under the terms of the agreement with Bristol-Myers, Halozyme is entitled to receive an initial $105 million, milestone payments of up to $160 million for each of the 11 nominated collaboration targets, additional milestone payments for combination products, and royalties on sales of products using the ENHANZE technology developed under the collaboration.

Investors sentiment decreased to 0.95 in 2016 Q4. It dropped, as 86 investors sold BMY shares while 529 reduced holdings.

These funds have shifted positions in (BMY).

Pinnacle Associates Ltd increased Vanguard Scottsdale Fds (VCSH) stake by 4,955 shares to 126,381 valued at $10.03M in 2016Q4. Bartlett And Ltd Company accumulated 508,045 shares. Bristol-Myers Squibb's dividend payout ratio (DPR) is now 56.73%.

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