Two Sigma Investments Lp buys $183,195,038 stake in Baxter International Inc (BAX)

Baxter International Inc (BAX) : Two Sigma Investments Lp scooped up 1,902,541 additional shares in Baxter International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,770,221 shares of Baxter International Inc which is valued at $183,195,038.Baxter International Inc makes up approximately 0.84% of Two Sigma Investments Lp’s portfolio.

Other Hedge Funds, Including , Millennium Management boosted its stake in BAX in the latest quarter, The investment management firm added 355,081 additional shares and now holds a total of 588,323 shares of Baxter International Inc which is valued at $28,586,615. Baxter International Inc makes up approx 0.07% of Millennium Management’s portfolio.Penn Capital Management Co Inc reduced its stake in BAX by selling 6,662 shares or 16.89% in the most recent quarter. The Hedge Fund company now holds 32,776 shares of BAX which is valued at $1,592,586. Baxter International Inc makes up approx 0.09% of Penn Capital Management Co Inc’s portfolio.Pittenger Anderson Inc reduced its stake in BAX by selling 425 shares or 83.33% in the most recent quarter. The Hedge Fund company now holds 85 shares of BAX which is valued at $4,078.Hap Trading boosted its stake in BAX in the latest quarter, The investment management firm added 141,644 additional shares and now holds a total of 231,038 shares of Baxter International Inc which is valued at $11,103,686. Baxter International Inc makes up approx 0.94% of Hap Trading’s portfolio. Harel Insurance Investments Financial Services Ltd. added BAX to its portfolio by purchasing 3,083 company shares during the most recent quarter which is valued at $148,354. Baxter International Inc makes up approx 0.02% of Harel Insurance Investments Financial Services Ltd.’s portfolio.

Baxter International Inc closed down -0.55 points or -1.18% at $46.18 with 42,49,317 shares getting traded on Thursday. Post opening the session at $46.75, the shares hit an intraday low of $45.91 and an intraday high of $46.78 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Baxter International Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.40. The company had revenue of $2585.00 million for the quarter, compared to analysts expectations of $2516.16 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Baxter International Inc. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .Baxter International Inc was Resumed by JP Morgan to “Neutral” on Jun 6, 2016.

Baxter International Inc. (Baxter) is a diversified healthcare company. The Company operates in two segments: BioScience segment which include three commercial franchises: Hemophilia BioTherapeutics and BioSurgery and Medical Products segment which include four commercial franchises: Fluid Systems Renal Specialty Pharmaceuticals and BioPharma Solutions. Its BioScience processes recombinant and plasma-based proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies alpha-1 antitrypsin deficiency burns and shock and other chronic and acute blood-related conditions and biosurgery products. Its Medical Products manufactures intravenous (IV) solutions and administration sets premixed drugs and drug-reconstitution systems pre-filled vials and syringes for injectable drugs IV nutrition products infusion pumps and inhalation anesthetics. Its products are used in hospitals kidney dialysis centers and nursing homes among others.

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