Fmr LLC Has $31.11 Million Position in Biohaven Pharmaceutical Holding Co Ltd (BHVN)

Fmr LLC reduced its stake in Biohaven Pharmaceutical Holding Co Ltd (NYSE:BHVN) by 6.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 841,232 shares of the company’s stock after selling 57,600 shares during the quarter. Fmr LLC owned approximately 2.09% of Biohaven Pharmaceutical worth $31,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BHVN. Flinton Capital Management LLC acquired a new position in shares of Biohaven Pharmaceutical during the fourth quarter worth approximately $42,000. Neuburgh Advisers LLC acquired a new position in shares of Biohaven Pharmaceutical during the fourth quarter worth approximately $52,000. Legal & General Group Plc lifted its holdings in shares of Biohaven Pharmaceutical by 14.1% during the fourth quarter. Legal & General Group Plc now owns 5,284 shares of the company’s stock worth $196,000 after buying an additional 652 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Biohaven Pharmaceutical during the third quarter worth approximately $218,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of Biohaven Pharmaceutical during the fourth quarter worth approximately $306,000. Hedge funds and other institutional investors own 88.91% of the company’s stock.

In other Biohaven Pharmaceutical news, insider John Tilton sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $50.11, for a total value of $501,100.00. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $501,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Declan Doogan sold 2,078 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $45.48, for a total value of $94,507.44. The disclosure for this sale can be found here. Insiders sold 437,856 shares of company stock worth $22,279,475 over the last quarter. Company insiders own 34.20% of the company’s stock.

A number of brokerages have recently commented on BHVN. Oppenheimer upped their price target on Biohaven Pharmaceutical from $54.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Canaccord Genuity boosted their price objective on Biohaven Pharmaceutical from $46.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Morgan Stanley cut Biohaven Pharmaceutical from an “overweight” rating to an “equal weight” rating and set a $49.13 price objective on the stock. in a research report on Tuesday, April 9th. They noted that the move was a valuation call. Barclays restated a “hold” rating and set a $52.00 price objective on shares of Biohaven Pharmaceutical in a research report on Tuesday, March 19th. Finally, Piper Jaffray Companies set a $75.00 price objective on Biohaven Pharmaceutical and gave the company a “buy” rating in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.57.

BHVN opened at $60.16 on Monday. The company has a market cap of $2.66 billion, a PE ratio of -9.78 and a beta of 0.50. Biohaven Pharmaceutical Holding Co Ltd has a 1 year low of $25.60 and a 1 year high of $62.25.

Biohaven Pharmaceutical (NYSE:BHVN) last released its quarterly earnings data on Thursday, February 28th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.06). On average, analysts predict that Biohaven Pharmaceutical Holding Co Ltd will post -6.21 EPS for the current year.

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Biohaven Pharmaceutical Profile

Biohaven Pharmaceutical Holding Company Ltd., a clinical-stage biopharmaceutical company, develops late-stage products candidates targeting neurological diseases in the United States. Its clinical stage products include Rimegepant, a product that has completed phase III trials and is in long-term safety ongoing process for acute treatment and prevention of migraine; BHV-3500 that has completed phase I clinical trial for acute treatment and prevention of migraine; and Troriluzole that has completed II/III randomization phase and is ongoing extension trial for ataxias.

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Institutional Ownership by Quarter for Biohaven Pharmaceutical (NYSE:BHVN)

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