Amgen (AMGN) : New England Research Management reduced its stake in Amgen by 22.22% during the most recent quarter end. The investment management company now holds a total of 7,265 shares of Amgen which is valued at $1,214,999 after selling 2,075 shares in Amgen , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Amgen makes up approximately 1.02% of New England Research Management’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in AMGN by selling 105,960 shares or 9.02% in the most recent quarter. The Hedge Fund company now holds 1,069,080 shares of AMGN which is valued at $178,792,939. Amgen makes up approx 0.73% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management boosted its stake in AMGN in the latest quarter, The investment management firm added 8,761 additional shares and now holds a total of 30,295 shares of Amgen which is valued at $5,066,536. Amgen makes up approx 0.32% of Eqis Capital Management’s portfolio.Cullinan Associates Inc reduced its stake in AMGN by selling 1,795 shares or 2.51% in the most recent quarter. The Hedge Fund company now holds 69,605 shares of AMGN which is valued at $11,640,740. Amgen makes up approx 1.00% of Cullinan Associates Inc’s portfolio. Lvm Capital Management Ltdmi sold out all of its stake in AMGN during the most recent quarter. The investment firm sold 69,845 shares of AMGN which is valued $11,680,878.
Amgen opened for trading at $167.34 and hit $168.69 on the upside on Tuesday, eventually ending the session at $167.55, with a gain of 0.13% or 0.21 points. The heightened volatility saw the trading volume jump to 27,97,603 shares. Company has a market cap of $125,388 M.
On the company’s financial health, Amgen reported $2.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.74. The company had revenue of $5688.00 million for the quarter, compared to analysts expectations of $5579.33 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.57 EPS.
Amgen Inc. (Amgen) is a biotechnology company. The Company is engaged in discovering developing manufacturing and delivering human therapeutics. The Company’s sales and marketing forces are located in the United States and Europe. In the United States it sells its products to pharmaceutical wholesale distributors. The Company also markets certain products directly to consumers through direct-to-consumer print and television advertising as well as through the Internet. Outside the United States the Company sells its products to healthcare providers and/or pharmaceutical wholesale distributors. The Company’s products include Neulasta (pegfilgrastim)/NEUPOGEN (filgrastim) Enbrel (etanercept) XGEVA/Prolia (denosumab) ESAs (erythropoiesis-stimulating agents) Sensipar/Mimpara (cinacalcet) Kyprolis and Evolocumab among others.