American Century Companies Inc. lessened its holdings in Halozyme Therapeutics, Inc. (NASDAQ:HALO) by 23.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 199,617 shares of the biopharmaceutical company’s stock after selling 59,828 shares during the period. American Century Companies Inc.’s holdings in Halozyme Therapeutics were worth $3,627,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Halozyme Therapeutics by 5.7% in the 2nd quarter. BlackRock Inc. now owns 12,242,431 shares of the biopharmaceutical company’s stock worth $206,530,000 after purchasing an additional 659,763 shares during the period. Iridian Asset Management LLC CT lifted its stake in shares of Halozyme Therapeutics by 0.8% in the 2nd quarter. Iridian Asset Management LLC CT now owns 8,260,476 shares of the biopharmaceutical company’s stock worth $139,354,000 after purchasing an additional 68,098 shares during the period. Northern Trust Corp lifted its stake in shares of Halozyme Therapeutics by 11.1% in the 2nd quarter. Northern Trust Corp now owns 1,841,060 shares of the biopharmaceutical company’s stock worth $31,059,000 after purchasing an additional 183,480 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of Halozyme Therapeutics by 0.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,709,020 shares of the biopharmaceutical company’s stock worth $28,831,000 after purchasing an additional 11,260 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Halozyme Therapeutics in the 3rd quarter worth approximately $21,690,000. Hedge funds and other institutional investors own 85.52% of the company’s stock.
In other Halozyme Therapeutics news, major shareholder Randal J. Kirk sold 644,998 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $18.08, for a total transaction of $11,661,563.84. Following the sale, the insider now owns 3,562,388 shares in the company, valued at approximately $64,407,975.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.80% of the stock is currently owned by company insiders.
NASDAQ HALO opened at $16.07 on Monday. Halozyme Therapeutics, Inc. has a 12 month low of $14.33 and a 12 month high of $21.48. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 35.71 and a beta of 1.88. The company has a current ratio of 3.09, a quick ratio of 2.96 and a debt-to-equity ratio of 0.24.
Halozyme Therapeutics (NASDAQ:HALO) last released its earnings results on Tuesday, November 6th. The biopharmaceutical company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.04. Halozyme Therapeutics had a net margin of 16.24% and a return on equity of 18.87%. The company had revenue of $25.60 million for the quarter, compared to analysts’ expectations of $30.42 million. During the same quarter last year, the business earned $0.02 EPS. The firm’s revenue was down 59.8% compared to the same quarter last year. As a group, analysts expect that Halozyme Therapeutics, Inc. will post -0.56 earnings per share for the current year.
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About Halozyme Therapeutics
Halozyme Therapeutics, Inc, a biotechnology company, researches, develops, and commercializes human enzymes and other drug candidates in the United States, Switzerland, and internationally. The company's human enzymes are used to facilitate the delivery of injected drugs and fluids, enhancing the efficacy and the convenience of other drugs or can be used to alter tissue structures for clinical benefit.
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