Ativo Capital Management Lowers stake in China Biologic Products Inc (CBPO)

China Biologic Products Inc (CBPO) : Ativo Capital Management reduced its stake in China Biologic Products Inc by 13.05% during the most recent quarter end. The investment management company now holds a total of 85,623 shares of China Biologic Products Inc which is valued at $9.8 Million after selling 12,847 shares in China Biologic Products Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.China Biologic Products Inc makes up approximately 2.72% of Ativo Capital Management’s portfolio.

Other Hedge Funds, Including , Harvard Management Co Inc boosted its stake in CBPO in the latest quarter, The investment management firm added 35,000 additional shares and now holds a total of 50,300 shares of China Biologic Products Inc which is valued at $5.8 Million. China Biologic Products Inc makes up approx 0.98% of Harvard Management Co Inc’s portfolio.Credit Agricole S A boosted its stake in CBPO in the latest quarter, The investment management firm added 29,992 additional shares and now holds a total of 67,752 shares of China Biologic Products Inc which is valued at $7.8 Million. China Biologic Products Inc makes up approx 0.04% of Credit Agricole S A’s portfolio.Blackrock Japan Ltd reduced its stake in CBPO by selling 29 shares or 29.59% in the most recent quarter. The Hedge Fund company now holds 69 shares of CBPO which is valued at $7,936.Blackrock Group Ltd reduced its stake in CBPO by selling 32,677 shares or 8.75% in the most recent quarter. The Hedge Fund company now holds 340,853 shares of CBPO which is valued at $39.2 Million. China Biologic Products Inc makes up approx 0.02% of Blackrock Group Ltd’s portfolio.Cibc Asset Management Inc boosted its stake in CBPO in the latest quarter, The investment management firm added 3,690 additional shares and now holds a total of 14,230 shares of China Biologic Products Inc which is valued at $1.6 Million. China Biologic Products Inc makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.

China Biologic Products Inc closed down -0.64 points or -0.55% at $114.84 with 2,77,948 shares getting traded on Wednesday. Post opening the session at $115.55, the shares hit an intraday low of $114.04 and an intraday high of $115.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, China Biologic Products Inc reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.88. The company had revenue of $85.60 million for the quarter.The company’s revenue was up 21.6% compared to the same quarter last year.

Many Wall Street Analysts have commented on China Biologic Products Inc. China Biologic Products Inc was Downgraded by Credit Suisse to ” Neutral” on Mar 1, 2016.

China Biologic Products Inc. (China Biologic) is a biopharmaceutical company. The Company is principally engaged in the research development manufacturing and sales of human plasma-based biopharmaceutical products in China. China Biologic has a product portfolio with over 20 different dosage forms of plasma products. The Company’s principal products are human albumin and immunoglobulin for intravenous injection (IVIG). China Biologic operates its business through two subsidiaries namely Shandong Taibang Biological Products Co. Ltd. and Guizhou Taibang Biological Products Co. Ltd. The Company also holds an interest in Xi’an Huitian Blood Products Co. Ltd. a plasma products company. Its products include human albumin human immunoglobulin IVIG thymopolypeptides injection human hepatitis B immunoglobulin human rabies immunoglobulin human tetanus immunoglobulin placenta polypeptide Factor VIII and human prothrombin complex concentrate (PCC).

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