Amgen (AMGN) : Opus Point Partners Management reduced its stake in Amgen by 24.01% during the most recent quarter end. The investment management company now holds a total of 27,184 shares of Amgen which is valued at $4.1 Million after selling 8,589 shares in Amgen , the firm said in a disclosure report filed with the SEC on May 13, 2016.Amgen makes up approximately 3.94% of Opus Point Partners Management’s portfolio.
Other Hedge Funds, Including , Westover Capital Advisors boosted its stake in AMGN in the latest quarter, The investment management firm added 252 additional shares and now holds a total of 9,861 shares of Amgen which is valued at $1.5 Million. Amgen makes up approx 1.30% of Westover Capital Advisors’s portfolio.Liberty Mutual Group Asset Management boosted its stake in AMGN in the latest quarter, The investment management firm added 20,442 additional shares and now holds a total of 65,468 shares of Amgen which is valued at $10 Million. Amgen makes up approx 0.42% of Liberty Mutual Group Asset Management’s portfolio.Diam Ltd. reduced its stake in AMGN by selling 9,309 shares or 2.9% in the most recent quarter. The Hedge Fund company now holds 311,361 shares of AMGN which is valued at $47.7 Million. Amgen makes up approx 0.69% of Diam Ltd.’s portfolio.Thomas White International Ltd reduced its stake in AMGN by selling 43 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 6,742 shares of AMGN which is valued at $1.1 Million. Amgen makes up approx 0.15% of Thomas White International Ltd’s portfolio.
Amgen opened for trading at $153.54 and hit $155.84 on the upside on Wednesday, eventually ending the session at $155.57, with a gain of 1.87% or 2.85 points. The heightened volatility saw the trading volume jump to 30,53,390 shares. Company has a market cap of $116,867 M.
On the company’s financial health, Amgen reported $2.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $2.61. The company had revenue of $5527.00 million for the quarter, compared to analysts expectations of $5321.84 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.48 EPS.
Many Wall Street Analysts have commented on Amgen. Citigroup Initiated Amgen on Feb 25, 2016 to “Neutral”, Price Target of the shares are set at $165.
Amgen Inc. (Amgen) is a biotechnology company. The Company is engaged in discovering developing manufacturing and delivering human therapeutics. The Company’s sales and marketing forces are located in the United States and Europe. In the United States it sells its products to pharmaceutical wholesale distributors. The Company also markets certain products directly to consumers through direct-to-consumer print and television advertising as well as through the Internet. Outside the United States the Company sells its products to healthcare providers and/or pharmaceutical wholesale distributors. The Company’s products include Neulasta (pegfilgrastim)/NEUPOGEN (filgrastim) Enbrel (etanercept) XGEVA/Prolia (denosumab) ESAs (erythropoiesis-stimulating agents) Sensipar/Mimpara (cinacalcet) Kyprolis and Evolocumab among others.