Sabby Management adds Regeneron Pharmaceuticals Inc (REGN) to its portfolio

Regeneron Pharmaceuticals Inc (REGN) : Sabby Management added new position in Regeneron Pharmaceuticals Inc during the most recent quarter end. The investment management firm now holds 39,027 shares of Regeneron Pharmaceuticals Inc which is valued at $14.4 Million , the company said in a statement filed on May 13, 2016 with the SEC.Regeneron Pharmaceuticals Inc makes up approximately 4.98% of Sabby Management’s portfolio.

Other Hedge Funds, Including , Dsm Capital Partners boosted its stake in REGN in the latest quarter, The investment management firm added 3,310 additional shares and now holds a total of 183,943 shares of Regeneron Pharmaceuticals Inc which is valued at $68 Million. Regeneron Pharmaceuticals Inc makes up approx 1.14% of Dsm Capital Partners’s portfolio.Raymond James Associates reduced its stake in REGN by selling 4,730 shares or 24.99% in the most recent quarter. The Hedge Fund company now holds 14,198 shares of REGN which is valued at $5.2 Million. Regeneron Pharmaceuticals Inc makes up approx 0.02% of Raymond James Associates’s portfolio.Signaturefd boosted its stake in REGN in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 66 shares of Regeneron Pharmaceuticals Inc which is valued at $24,384. Engineers Gate Manager Lp added REGN to its portfolio by purchasing 6,961 company shares during the most recent quarter which is valued at $2.6 Million. Regeneron Pharmaceuticals Inc makes up approx 0.20% of Engineers Gate Manager Lp’s portfolio.Tocqueville Asset Management reduced its stake in REGN by selling 11,390 shares or 45.89% in the most recent quarter. The Hedge Fund company now holds 13,430 shares of REGN which is valued at $5.1 Million. Regeneron Pharmaceuticals Inc makes up approx 0.06% of Tocqueville Asset Management’s portfolio.

Regeneron Pharmaceuticals Inc closed down -3.21 points or -0.81% at $394.49 with 9,60,065 shares getting traded on Wednesday. Post opening the session at $399.95, the shares hit an intraday low of $392.91 and an intraday high of $400.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Regeneron Pharmaceuticals Inc reported $2.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $2.55. The company had revenue of $1201.00 million for the quarter, compared to analysts expectations of $1178.39 million. The company’s revenue was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.88 EPS.

Many Wall Street Analysts have commented on Regeneron Pharmaceuticals Inc. Regeneron Pharmaceuticals Inc was Downgraded by Wells Fargo to ” Market Perform” on Apr 20, 2016. Shares were Reiterated by Sun Trust Rbsn Humphrey on Mar 17, 2016 to “Neutral” and Lowered the Price Target to $ 410 from a previous price target of $450 .Shares were Downgraded by Chardan Capital Markets on Mar 16, 2016 to ” Sell” and Lowered the Price Target to $ 325 from a previous price target of $375 .

Regeneron Pharmaceuticals Inc. is an integrated biopharmaceutical company that discovers invents develops manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases colorectal cancer and a rare inflammatory condition and has product candidates under development in other areas including hypercholesterolemia oncology rheumatoid arthritis (RA) asthma and atopic dermatitis. The Company’s marketed products include EYLEA (aflibercept) injection ZALTRAP (ziv-aflibercept) injection for intravenous infusion and ARCALYST (rilonacept) injection for subcutaneous use. The Company has 17 product candidates in clinical development. Its product candidates consist of two trap-based clinical programs and 15 human monoclonal antibody product candidates. The Company has generated each of the antibodies using its VelocImmune technology.

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