Valeant Pops After Topping Quarterly Views And Unveiling Its New Name

15 May, 2018, 21:55 | Author: Mary Valdez
  • Valeant will become Bausch Health Companies in July

The institutional investor owned 501,409 shares of the specialty pharmaceutical company's stock after selling 143,259 shares during the quarter. Gamco Et Al has invested 0% in Valeant Pharmaceuticals International, Inc.

A number of other equities research analysts have also weighed in on the company.

Valeant Pharmaceuticals International (TSE:VRX) (NYSE:VRX) last announced its quarterly earnings data on Wednesday, February 28th.

Infinity Pharmaceuticals, Inc. (INFI) During the last month, the stock has changed 17.65% and performed -5.17% over the last 6 months. Prime Capital Investment Advisors LLC acquired a new position in Valeant Pharmaceuticals International in the fourth quarter worth approximately $142,000. Two Sigma Advisers LP boosted its position in Valeant Pharmaceuticals International by 7,294.2% during the 4th quarter. CIBC Asset Management Inc lifted its position in shares of Valeant Pharmaceuticals International by 3.2% in the 4th quarter.

Reiterated Valeant Pharma (NYSE:VRX) Rating. Highlander Capital Mngmt Ltd has invested 0.19% in Valeant Pharmaceuticals International, Inc. In Thursday, March 15 report H.C. Wainwright maintained it with "Hold" rating and $16.0 target. Wells Fargo Mn has 0% invested in Valeant Pharmaceuticals International, Inc. ValuEngine cut shares of Valeant Pharmaceuticals International from a "buy" rating to a "hold" rating in a research note on Thursday, March 1st. (VRX) stock is now trading 9.79% away from its average-price of 200 days while it maintained a distance of 9.61% from its 50 Days Moving Average and 4.78% compared with the 20 Day Moving Average. (VRX) shares were closed at $18.16 a share in the latest session and the stock value gain nearly 0.78% since the beginning of this year. Moreover, Envestnet Asset Mgmt Incorporated has 0% invested in Valeant Pharmaceuticals International, Inc. Its quick ratio for most recent quarter is 0.90 along with current ratio for most recent quarter of 1.10. The company has a market cap of $6,195.41, a price-to-earnings ratio of 4.70, a price-to-earnings-growth ratio of 0.37 and a beta of -0.35.

Twin Tree Mgmt Lp holds 0% of its portfolio in Valeant Pharmaceuticals International, Inc. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.95 billion.

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In recent trading day Valeant Pharmaceuticals International, Inc.

EPS in next five years is expected to touch -4.81% while EPS growth in past 5 year was 66.20% along with sales growth of 20.20% in the last five years. Adjusted earnings of 89 cents per share topped analyst expectations for 60 cents. (NYSE:VRX) was bought by PAPA JOSEPH C. $241,470 worth of stock was bought by Herendeen Paul on Tuesday, March 13.

Valeant was once a Wall Street favourite whose stock skyrocketed after selling investors on its brash business model of buying up companies, slashing costs and raising drug prices, sometimes by 1,000 per cent or more. After this purchase, 106,062 common shares of VRX are directly owned by the insider, with total stake valued at $1,926,086. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

In the transaction dated March 06, 2018, the great number of shares disposed came courtesy the Director; Paulson John disposed a total of 7,066,629 shares at an average price of $15.4, amounting to approximately $108,826,087. The shares were bought at an average price of $15.34 per share, with a total value of $153,400.00. The disclosure for this purchase can be found here. Insiders purchased a total of 7,121,629 shares of company stock valued at $109,702,487 in the last 90 days.

Papa says that Bausch Health Companies more accurately represents the full scope of the Company today - "a leader in the development and manufacture of a wide range of pharmaceutical, medical device and over-the-counter products, primarily in the therapeutic areas of eye health, gastroenterology and dermatology".

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