R. G. Niederhoffer Capital Management Inc adds Gilead Sciences (GILD) to its portfolio

Gilead Sciences (GILD) : R. G. Niederhoffer Capital Management Inc added new position in Gilead Sciences during the most recent quarter end. The investment management firm now holds 11,700 shares of Gilead Sciences which is valued at $937,053 , the company said in a statement filed on Aug 2, 2016 with the SEC.Gilead Sciences makes up approximately 5.73% of R. G. Niederhoffer Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Cypress Capital Management (wy) reduced its stake in GILD by selling 5,077 shares or 13.43% in the most recent quarter. The Hedge Fund company now holds 32,732 shares of GILD which is valued at $2,601,212. Gilead Sciences makes up approx 3.35% of Cypress Capital Management (wy)’s portfolio.Old Second National Bank Of Aurora reduced its stake in GILD by selling 170 shares or 7.09% in the most recent quarter. The Hedge Fund company now holds 2,229 shares of GILD which is valued at $192,920. Gilead Sciences makes up approx 0.09% of Old Second National Bank Of Aurora’s portfolio.Acadian Asset Management reduced its stake in GILD by selling 2,776 shares or 18.89% in the most recent quarter. The Hedge Fund company now holds 11,917 shares of GILD which is valued at $1,032,727. Gilead Sciences makes up approx 0.01% of Acadian Asset Management’s portfolio.Barry Investment Advisors boosted its stake in GILD in the latest quarter, The investment management firm added 224 additional shares and now holds a total of 3,314 shares of Gilead Sciences which is valued at $288,086. Gilead Sciences makes up approx 0.11% of Barry Investment Advisors’s portfolio.

Gilead Sciences closed down -0.67 points or -0.83% at $79.74 with 95,11,596 shares getting traded on Monday. Post opening the session at $80.46, the shares hit an intraday low of $79.01 and an intraday high of $80.79 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Gilead Sciences reported $3.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $3.01. The company had revenue of $7776.00 million for the quarter, compared to analysts expectations of $7795.08 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.15 EPS.

Investors should note that on Jul 25, 2016, Gilead Sciences announced a cash dividend of $0.4700. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 29, 2016.

Many Wall Street Analysts have commented on Gilead Sciences. Gilead Sciences was Downgraded by Argus to ” Hold” on Jul 29, 2016. Shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform” and Lowered the Price Target to $ 105 from a previous price target of $120 .Gilead Sciences was Downgraded by Needham to ” Hold” on Jul 26, 2016.

Gilead Sciences Inc. (Gilead) is a research-based biopharmaceutical company that discovers develops and commercializes innovative medicines. The Company’s primary areas of focus include human immunodeficiency virus (HIV) liver diseases such as chronic hepatitis C virus (HCV) infection and chronic hepatitis B virus (HBV) infection oncology and inflammation and serious cardiovascular and respiratory conditions. The Company’s HIV products include Stribild Complera/Eviplera Atripla Truvada Viread Emtriva Tybost and Vitekta. Its Liver Diseases products include Harvoni Sovaldi Viread and Hepsera. Zydelig is the Company’s oncology product. Its Cardiovascular products include Letairis Ranexa and Lexiscan/Rapiscan. Its Respiratory products include Cayston and Tamiflu. Its other products include AmBisome and Macugen.

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