14,084 Shares in Xenon Pharmaceuticals Inc (XENE) Acquired by Geode Capital Management LLC

Geode Capital Management LLC bought a new stake in Xenon Pharmaceuticals Inc (NASDAQ:XENE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 14,084 shares of the biopharmaceutical company’s stock, valued at approximately $88,000.

Other large investors have also recently modified their holdings of the company. Northern Trust Corp grew its holdings in Xenon Pharmaceuticals by 18.9% in the fourth quarter. Northern Trust Corp now owns 12,246 shares of the biopharmaceutical company’s stock worth $77,000 after purchasing an additional 1,948 shares during the period. Scotia Capital Inc. grew its holdings in Xenon Pharmaceuticals by 16.8% in the fourth quarter. Scotia Capital Inc. now owns 66,704 shares of the biopharmaceutical company’s stock worth $421,000 after purchasing an additional 9,618 shares during the period. Altshuler Shaham Ltd purchased a new stake in Xenon Pharmaceuticals in the fourth quarter worth about $618,000. BlackRock Inc. purchased a new stake in Xenon Pharmaceuticals in the fourth quarter worth about $1,790,000. Finally, Alps Advisors Inc. purchased a new stake in Xenon Pharmaceuticals in the fourth quarter worth about $365,000. 67.32% of the stock is currently owned by hedge funds and other institutional investors.

XENE has been the topic of a number of recent research reports. BidaskClub upgraded shares of Xenon Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Stifel Nicolaus restated a “buy” rating and issued a $18.00 price objective (down previously from $21.00) on shares of Xenon Pharmaceuticals in a report on Friday, March 29th. Finally, Zacks Investment Research cut shares of Xenon Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Xenon Pharmaceuticals currently has an average rating of “Buy” and a consensus target price of $15.00.

Shares of XENE opened at $9.54 on Friday. The stock has a market capitalization of $245.87 million, a price-to-earnings ratio of -7.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 17.57 and a current ratio of 17.57. Xenon Pharmaceuticals Inc has a fifty-two week low of $5.25 and a fifty-two week high of $15.92.

Xenon Pharmaceuticals (NASDAQ:XENE) last announced its quarterly earnings data on Tuesday, May 7th. The biopharmaceutical company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.06). As a group, equities analysts predict that Xenon Pharmaceuticals Inc will post -1.88 earnings per share for the current year.

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About Xenon Pharmaceuticals

Xenon Pharmaceuticals Inc, a clinical-stage biopharmaceutical company, engages in developing therapeutics to treat patients with neurological disorders in Canada. Its clinical development pipeline include XEN496, A Kv7 potassium channel modulator that is phase II clinical trials for the treatment of KCNQ2 epilepsy; XEN1101, A Kv7 potassium channel modulator, which is in phase II clinical trail for the treatment of epilepsy.

Further Reading: What is a Swap?

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Institutional Ownership by Quarter for Xenon Pharmaceuticals (NASDAQ:XENE)

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