Convergence Investment Partners LLC Makes New Investment in Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN)

Convergence Investment Partners LLC bought a new position in Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,050 shares of the biopharmaceutical company’s stock, valued at approximately $1,016,000.

Other hedge funds have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC grew its position in Alexion Pharmaceuticals by 62.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 280 shares of the biopharmaceutical company’s stock worth $31,000 after acquiring an additional 108 shares in the last quarter. Simon Quick Advisors LLC bought a new stake in shares of Alexion Pharmaceuticals during the 1st quarter worth $39,000. North Star Investment Management Corp. bought a new stake in shares of Alexion Pharmaceuticals during the 1st quarter worth $41,000. Credit Agricole S A boosted its holdings in shares of Alexion Pharmaceuticals by 25.0% during the 1st quarter. Credit Agricole S A now owns 500 shares of the biopharmaceutical company’s stock worth $45,000 after buying an additional 100 shares during the period. Finally, Whittier Trust Co. boosted its holdings in shares of Alexion Pharmaceuticals by 90.0% during the 2nd quarter. Whittier Trust Co. now owns 475 shares of the biopharmaceutical company’s stock worth $53,000 after buying an additional 225 shares during the period. 89.07% of the stock is owned by institutional investors.

Several analysts recently issued reports on ALXN shares. Zacks Investment Research downgraded shares of Alexion Pharmaceuticals from a “buy” rating to a “hold” rating and set a $107.00 price objective for the company. in a report on Monday, May 18th. Credit Suisse Group upped their price objective on shares of Alexion Pharmaceuticals from $142.00 to $147.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. ValuEngine downgraded shares of Alexion Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 28th. Morgan Stanley upped their price objective on shares of Alexion Pharmaceuticals from $116.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, Nomura reaffirmed a “buy” rating and set a $133.00 price objective on shares of Alexion Pharmaceuticals in a report on Wednesday, May 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Alexion Pharmaceuticals currently has a consensus rating of “Buy” and an average target price of $143.17.

Shares of ALXN stock traded down $2.32 during mid-day trading on Friday, reaching $102.49. The company’s stock had a trading volume of 2,158,967 shares, compared to its average volume of 1,587,144. Alexion Pharmaceuticals, Inc. has a 1-year low of $72.67 and a 1-year high of $125.52. The company has a market cap of $22.63 billion, a P/E ratio of 27.40, a PEG ratio of 0.81 and a beta of 1.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.82 and a current ratio of 4.79. The firm’s 50-day moving average is $110.49 and its two-hundred day moving average is $102.94.

Alexion Pharmaceuticals (NASDAQ:ALXN) last announced its quarterly earnings data on Thursday, July 30th. The biopharmaceutical company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.79. Alexion Pharmaceuticals had a net margin of 15.28% and a return on equity of 22.57%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Sell-side analysts anticipate that Alexion Pharmaceuticals, Inc. will post 9.95 EPS for the current year.

Alexion Pharmaceuticals Company Profile

Alexion Pharmaceuticals, Inc, a biopharmaceutical company, develops and commercializes various therapeutic products. The company offers ULTOMIRIS (ALXN1210/ravulizumab-cwvz), a monoclonal antibody for the treatment of paroxysmal nocturnal hemoglobinuria (PNH), a genetic blood disorder; and Soliris (eculizumab), a monoclonal antibody for the treatment of PNH, atypical hemolytic uremic syndrome (aHUS), and generalized myasthenia gravis.

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Institutional Ownership by Quarter for Alexion Pharmaceuticals (NASDAQ:ALXN)

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