Healthinvest Partners Ab Exits Position in Valeant Pharmaceuticals Intl Inc (VRX)

Valeant Pharmaceuticals Intl Inc (VRX) : Healthinvest Partners Ab has sold out all of its stake in Valeant Pharmaceuticals Intl Inc during the most recent quarter, according to the disclosure filed by the company on Jul 26, 2016 with the SEC. The investment management company has sold out 370,000 shares of Valeant Pharmaceuticals Intl Inc which is valued at $8,691,300.

Other Hedge Funds, Including , Deltec Asset Management boosted its stake in VRX in the latest quarter, The investment management firm added 6,970 additional shares and now holds a total of 15,800 shares of Valeant Pharmaceuticals Intl Inc which is valued at $371,142. Valeant Pharmaceuticals Intl Inc makes up approx 0.09% of Deltec Asset Management’s portfolio.Shell Asset Management Co boosted its stake in VRX in the latest quarter, The investment management firm added 938 additional shares and now holds a total of 43,020 shares of Valeant Pharmaceuticals Intl Inc which is valued at $1,010,540. Valeant Pharmaceuticals Intl Inc makes up approx 0.02% of Shell Asset Management Co’s portfolio.First Western Capital Management Co boosted its stake in VRX in the latest quarter, The investment management firm added 1,725 additional shares and now holds a total of 32,615 shares of Valeant Pharmaceuticals Intl Inc which is valued at $705,136. Valeant Pharmaceuticals Intl Inc makes up approx 0.25% of First Western Capital Management Co’s portfolio.Edge Wealth Management boosted its stake in VRX in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 3,100 shares of Valeant Pharmaceuticals Intl Inc which is valued at $72,075. Valeant Pharmaceuticals Intl Inc makes up approx 0.03% of Edge Wealth Management’s portfolio.

Valeant Pharmaceuticals Intl Inc closed down -0.83 points or -3.59% at $22.3 with 1,24,76,851 shares getting traded on Friday. Post opening the session at $22.87, the shares hit an intraday low of $22.22 and an intraday high of $23.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Valeant Pharmaceuticals Intl Inc reported $1.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Jun 7, 2016. Analyst had a consensus of $1.37. The company had revenue of $2371.60 million for the quarter, compared to analysts expectations of $2337.60 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS.

Many Wall Street Analysts have commented on Valeant Pharmaceuticals Intl Inc. Valeant Pharmaceuticals Intl Inc was Downgraded by JP Morgan to ” Neutral” on Jun 23, 2016. Shares were Reiterated by RBC Capital Mkts on Jun 8, 2016 to “Sector Perform” and Lowered the Price Target to $ 33 from a previous price target of $58 .Shares were Reiterated by Stifel on Jun 8, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $65 .

Valeant Pharmaceuticals International Inc. is a specialty pharmaceutical and medical device company. The Company is engaged in developing manufacturing and marketing a range of branded generic and branded generic pharmaceuticals over-the-counter (OTC) products and medical devices (contact lenses intraocular lenses ophthalmic surgical equipment and aesthetics devices) which are marketed directly or indirectly in over 100 countries. The Company operates through two segments: developed markets and emerging markets. The Company’s developed markets segment consists of sales in the United States of pharmaceutical products OTC products and medical device products. The Company’s Emerging Markets segment consists of branded generic pharmaceutical products and branded pharmaceuticals OTC products and medical device products.

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