Phoenix Investment Adviser adds Valeant Pharmaceuticals Intl Inc (VRX) to its portfolio

Valeant Pharmaceuticals Intl Inc (VRX) : Phoenix Investment Adviser added new position in Valeant Pharmaceuticals Intl Inc during the most recent quarter end. The investment management firm now holds 81,100 shares of Valeant Pharmaceuticals Intl Inc which is valued at $2,606,554 , the company said in a statement filed on Apr 13, 2016 with the SEC.Valeant Pharmaceuticals Intl Inc makes up approximately 3.25% of Phoenix Investment Adviser’s portfolio.

Valeant Pharmaceuticals Intl Inc opened for trading at $31.86 and hit $33.7 on the upside on Monday, eventually ending the session at $33.34, with a gain of 3.73% or 1.2 points. The heightened volatility saw the trading volume jump to 2,06,95,324 shares. Company has a market cap of $11,439 M.

Other Hedge Funds, Including , Central Trust Co sold out all of its stake in VRX during the most recent quarter. The investment firm sold 11,370 shares of VRX which is valued $365,432.Proficio Capital Partners boosted its stake in VRX in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 67 shares of Valeant Pharmaceuticals Intl Inc which is valued at $2,100.

On the company’s financial health, Valeant Pharmaceuticals Intl Inc reported $2.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Mar 15, 2016. Analyst had a consensus of $2.62. The company had revenue of $2788.70 million for the quarter, compared to analysts expectations of $2762.59 million. The company’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS.

Many Wall Street Analysts have commented on Valeant Pharmaceuticals Intl Inc. Shares were Reiterated by RBC Capital Mkts on Apr 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 65 from a previous price target of $69 .Shares were Reiterated by Rodman & Renshaw on Apr 11, 2016 to “Buy” and Lowered the Price Target to $ 105 from a previous price target of $118 .Shares were Downgraded by Barclays on Mar 21, 2016 to ” Equal Weight” and Lowered the Price Target to $ 34 from a previous price target of $135 .

Valeant Pharmaceuticals International Inc. is a specialty pharmaceutical and medical device company. The Company is engaged in developing manufacturing and marketing a range of branded generic and branded generic pharmaceuticals over-the-counter (OTC) products and medical devices (contact lenses intraocular lenses ophthalmic surgical equipment and aesthetics devices) which are marketed directly or indirectly in over 100 countries. The Company operates through two segments: developed markets and emerging markets. The Company’s developed markets segment consists of sales in the United States of pharmaceutical products OTC products and medical device products. The Company’s Emerging Markets segment consists of branded generic pharmaceutical products and branded pharmaceuticals OTC products and medical device products.

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