Sandell Asset Management Corp adds Baxalta Inc (BXLT) to its portfolio

Baxalta Inc (BXLT) : Sandell Asset Management Corp added new position in Baxalta Inc during the most recent quarter end. The investment management firm now holds 499,070 shares of Baxalta Inc which is valued at $21.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.Baxalta Inc makes up approximately 7.14% of Sandell Asset Management Corp’s portfolio.

Other Hedge Funds, Including , Afam Capital reduced its stake in BXLT by selling 6,721 shares or 7.93% in the most recent quarter. The Hedge Fund company now holds 78,039 shares of BXLT which is valued at $3.3 Million. Baxalta Inc makes up approx 0.55% of Afam Capital’s portfolio.Lipe Dalton boosted its stake in BXLT in the latest quarter, The investment management firm added 3,950 additional shares and now holds a total of 97,205 shares of Baxalta Inc which is valued at $4.1 Million. Baxalta Inc makes up approx 3.23% of Lipe Dalton’s portfolio.Thompson Siegel Walmsley reduced its stake in BXLT by selling 138 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 11,849 shares of BXLT which is valued at $502,279. Baxalta Inc makes up approx 0.01% of Thompson Siegel Walmsley’s portfolio.Nisa Investment Advisors L.l.c. boosted its stake in BXLT in the latest quarter, The investment management firm added 33,700 additional shares and now holds a total of 211,701 shares of Baxalta Inc which is valued at $8.9 Million. Baxalta Inc makes up approx 0.13% of Nisa Investment Advisors L.l.c.’s portfolio.

Baxalta Inc opened for trading at $45.48 and hit $45.71 on the upside on Wednesday, eventually ending the session at $45.71, with a gain of 1.58% or 0.71 points. The heightened volatility saw the trading volume jump to 1,26,92,805 shares. Company has a market cap of $31,245 M.

On the company’s financial health, Baxalta Inc reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.46. The company had revenue of $1548.00 million for the quarter, compared to analysts expectations of $1474.42 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Investors should note that on May 10, 2016, Baxalta Inc announced a cash dividend of $0.0700. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 1, 2016.

Baxalta Incorporated is a biopharmaceutical company. The Company develops manufactures and markets a portfolio of treatments for hemophilia and other bleeding disorders immune deficiencies alpha-1 antitrypsin deficiency burns and shock and other chronic and acute medical conditions. The Company also focuses on disease areas including oncology as well as technology platforms including gene therapy and biosimilars. The Company has a portfolio of various therapies that address unmet medical needs across various disease areas including hemophilia immunology and oncology. The Company’s products include ADVATE RECOMBINATE HEMOFIL M Immunate Immunine PROTHROMPLEX TOTAL RIXUBIS FACTOR VII NF BEBULIN FEIBA OBIZUR GAMMAGARD LIQUID GAMMAGARD S/D Subcuvia HYQVIA FLEXBUMIN BUMINATE ARALAST NP GLASSIA NP CEPROTIN and ANTITHROMBIN III IMMUNO.

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