Ligand Pharmaceuticals (LGND) : Essex Woodlands Health Ventures added new position in Ligand Pharmaceuticals during the most recent quarter end. The investment management firm now holds 32,893 shares of Ligand Pharmaceuticals which is valued at $3,773,156 , the company said in a statement filed on Aug 9, 2016 with the SEC.Ligand Pharmaceuticals makes up approximately 0.87% of Essex Woodlands Health Ventures’s portfolio.
Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in LGND in the latest quarter, The investment management firm added 597 additional shares and now holds a total of 2,790 shares of Ligand Pharmaceuticals which is valued at $327,699. Mesirow Financial Investment Management – Equity Management added LGND to its portfolio by purchasing 175,331 company shares during the most recent quarter which is valued at $20,112,219. Ligand Pharmaceuticals makes up approx 1.14% of Mesirow Financial Investment Management – Equity Management’s portfolio.Central Trust Co reduced its stake in LGND by selling 4 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 501 shares of LGND which is valued at $57,470.Swiss National Bank boosted its stake in LGND in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 32,100 shares of Ligand Pharmaceuticals which is valued at $4,273,794. Ligand Pharmaceuticals makes up approx 0.01% of Swiss National Bank’s portfolio.Fisher Asset Management boosted its stake in LGND in the latest quarter, The investment management firm added 1,807 additional shares and now holds a total of 72,390 shares of Ligand Pharmaceuticals which is valued at $9,042,959. Ligand Pharmaceuticals makes up approx 0.02% of Fisher Asset Management’s portfolio.
Ligand Pharmaceuticals closed down -2.33 points or -2.10% at $108.59 with 4,33,132 shares getting traded on Wednesday. Post opening the session at $111.31, the shares hit an intraday low of $107.29 and an intraday high of $111.31 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Ligand Pharmaceuticals reported $0.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.53. The company had revenue of $19.50 million for the quarter, compared to analysts expectations of $18.45 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 EPS.
Many Wall Street Analysts have commented on Ligand Pharmaceuticals. Company shares were Downgraded by Deutsche Bank on Aug 5, 2016 to ” Sell”, Firm has raised the Price Target to $ 110 from a previous price target of $104 .
Ligand Pharmaceuticals Incorporated (Ligand) is a biotechnology company that operates with a business model focused on developing or acquiring revenue generating assets and coupling them with a lean corporate cost structure. The Company’s technology CAPTISOL is a formulation technology that has enabled seven United States Food and Drug Administration (FDA) approved products including Kyprolis and Noxafil-IV and is being developed in several clinical-stage partner programs. The Company is engaged in the development of product candidates indicated for the treatment of diseases such as hepatitis multiple myeloma muscle wasting Alzheimers disease dyslipidemia diabetes anemia epilepsy focal segmental glomerulosclerosis (FSGS) and osteoporosis.