QUANTRES ASSET MANAGEMENT Ltd increased its position in shares of Regeneron Pharmaceuticals Inc (NASDAQ:REGN) by 50.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the biopharmaceutical company’s stock after purchasing an additional 600 shares during the period. QUANTRES ASSET MANAGEMENT Ltd’s holdings in Regeneron Pharmaceuticals were worth $739,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. raised its holdings in shares of Regeneron Pharmaceuticals by 195.7% in the fourth quarter. Whittier Trust Co. now owns 68 shares of the biopharmaceutical company’s stock valued at $25,000 after buying an additional 45 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of Regeneron Pharmaceuticals by 1,700.0% in the third quarter. Rehmann Capital Advisory Group now owns 72 shares of the biopharmaceutical company’s stock valued at $29,000 after buying an additional 68 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Regeneron Pharmaceuticals by 208.0% in the fourth quarter. AdvisorNet Financial Inc now owns 77 shares of the biopharmaceutical company’s stock valued at $29,000 after buying an additional 52 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Regeneron Pharmaceuticals during the fourth quarter worth about $30,000. Finally, Intercontinental Wealth Advisors LLC acquired a new position in shares of Regeneron Pharmaceuticals during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 67.03% of the company’s stock.
Shares of REGN traded up $1.48 on Friday, hitting $336.89. 810,083 shares of the stock traded hands, compared to its average volume of 748,789. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.67 and a current ratio of 4.47. The company has a market capitalization of $36.65 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.33 and a beta of 1.08. Regeneron Pharmaceuticals Inc has a 1 year low of $281.89 and a 1 year high of $442.00.
A number of research analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Regeneron Pharmaceuticals from $376.00 to $343.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. BidaskClub lowered shares of Regeneron Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 25th. Cantor Fitzgerald reiterated a “hold” rating and set a $441.00 price target on shares of Regeneron Pharmaceuticals in a research note on Wednesday, February 6th. Oppenheimer upped their target price on shares of Regeneron Pharmaceuticals from $440.00 to $480.00 and gave the stock an “outperform” rating in a research report on Thursday, February 7th. Finally, BMO Capital Markets upped their target price on shares of Regeneron Pharmaceuticals to $412.00 and gave the stock a “market perform” rating in a research report on Thursday, February 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $413.94.
In related news, major shareholder Sanofi sold 131,115 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $412.17, for a total transaction of $54,041,669.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.42% of the company’s stock.
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Regeneron Pharmaceuticals Company Profile
Regeneron Pharmaceuticals, Inc, a biopharmaceutical company, discovers, invents, develops, manufactures, and commercializes medicines for treating various medical conditions worldwide. The company's products include EYLEA injection to treat wet age-related macular degeneration and diabetic macular edema (DME); myopic choroidal neovascularization; and diabetic retinopathy in patients with DME, as well as macular edema following retinal vein occlusion, including macular edema following central retinal vein occlusion and macular edema following branch retinal vein occlusion.
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