Dowling Yahnke Lowers stake in Ionis Pharmaceuticals Inc (IONS)

Ionis Pharmaceuticals Inc (IONS) : Dowling Yahnke reduced its stake in Ionis Pharmaceuticals Inc by 0.01% during the most recent quarter end. The investment management company now holds a total of 676,298 shares of Ionis Pharmaceuticals Inc which is valued at $18,828,136 after selling 41 shares in Ionis Pharmaceuticals Inc , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Ionis Pharmaceuticals Inc makes up approximately 2.18% of Dowling Yahnke’s portfolio.

Other Hedge Funds, Including , Cwm added IONS to its portfolio by purchasing 2 company shares during the most recent quarter which is valued at $56.Benjamin F. Edwards Company reduced its stake in IONS by selling 707 shares or 51.72% in the most recent quarter. The Hedge Fund company now holds 660 shares of IONS which is valued at $16,289. Alpha Windward sold out all of its stake in IONS during the most recent quarter. The investment firm sold 324 shares of IONS which is valued $8,217. Edge Wealth Management sold out all of its stake in IONS during the most recent quarter. The investment firm sold 7 shares of IONS which is valued $178.

On the company’s financial health, Ionis Pharmaceuticals Inc reported $-0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.54. The company had revenue of $36.90 million for the quarter, compared to analysts expectations of $36.21 million. The company’s revenue was down -41.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.14 EPS.

Many Wall Street Analysts have commented on Ionis Pharmaceuticals Inc. Shares were Reiterated by Needham on May 27, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $88 .

Ionis Pharmaceuticals Inc. formerly Isis Pharmaceuticals Inc. is a ribonucleic acid-targeted (RNA-targeted) drug discovery and development company. The Company is focused on discovering and developing antisense drugs. Its antisense drugs are used to treat a range of diseases including cardiovascular; metabolic; severe and rare diseases including neurological disorders and cancer. Volanesorsen is a drug indicated to treat patients with high triglyceride levels including patients with a genetic condition called familial chylomicronemia syndrome (FCS) and patients with partial lipodystrophy. It is focused on bringing its late-stage Phase III drugs nusinersen volanesorsen and IONIS-TTR to the market. Its lipid-lowering product KYNAMRO (mipomersen sodium) injection is on the market in the United States for patients with homozygous familial hypercholesterolemia (HoFH). Its products also include Alicaforsen IONIS-DMPK-2.5 Plazomicin and IONIS-GCGR.

Leave a Reply

Ionis Pharmaceuticals Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ionis Pharmaceuticals Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.