Economy

Amica Retiree Medical Trust Has $349000 Position in Biogen Inc. (BIIB)

This translates into $1.00 billion profit for BIIB giving the stock a 13.15 P/E. Following the sale, the vice president now owns 10,813 shares in the company, valued at $3,135,770. It now has negative earnings.

Adell Harriman & Carpenter Inc decreased Biogen Idec Inc (BIIB) stake by 17.57% reported in 2016Q4 SEC filing. Biogen Inc (NASDAQ:BIIB) has risen 4.94% since June 19, 2016 and is uptrending. Lawson Kroeker Investment Mngmt Ne holds 0.16% or 9,600 shares. Biogen Idec Inc now has $53.93B valuation. Insiders own 0.32% of the company's stock. About 46,319 shares traded.

More notable recent Biogen Inc (NASDAQ:BIIB) news were published by: Investorplace.com which released: "Don't Be Scared of Biogen Inc (BIIB) Stock" on June 15, 2017, also Bizjournals.com with their article: "How analysts are interpreting Biogen's management shakeup" published on June 14, 2017, Nasdaq.com published: "Woodford Investment Management LLP Buys Gilead Sciences Inc, Bioverativ Inc ..." on May 22, 2017. It has underperformed by 11.76% the S&P500. They expect $-0.35 earnings per share, up 45.31% or $0.29 from last year's $-0.64 per share. Prudential Public Limited Company owns 0.05% invested in Biogen Inc (NASDAQ:BIIB) for 58,574 shares. As per Tuesday, September 6, the company rating was downgraded by Jefferies. The company was downgraded on Wednesday, November 9 by Dougherty & Company. Jefferies has "Hold" rating and $316 target. The company was initiated on Friday, September 16 by Bank of America. Mufg Americas holds 0.3% or 31,568 shares. Shares of the company are trading at $251.74 just a bit lower than $257.29, the stock's 50 day moving average and marginally under the 200 day moving average of $276.02. Cetera Advisor Net Ltd Limited Liability Company has invested 0.04% in Biogen Inc (NASDAQ:BIIB). Finally, Sarissa Capital Management LP purchased a new stake in Biogen during the fourth quarter worth $87,909,000. Dynamic, United Kingdom-based fund reported 7,699 shares. About 25,642 shares traded. Corus Entertainment Inc. (USA) (OTCMKTS:CJREF) has 0.00% since June 19, 2016 and is. It has underperformed by 20.43% the S&P500. Equities research analysts anticipate that Biogen Inc. will post $20.48 earnings per share for the current fiscal year. Twelve research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Therefore 60% are positive. Biogen Idec Inc. had 12 analyst reports since March 2, 2017 according to SRatingsIntel. The stock of Biogen Inc (NASDAQ:BIIB) has "Outperform" rating given on Monday, November 7 by Leerink Swann. The stock has "Outperform" rating by RBC Capital Markets on Monday, July 27. H.C. Wainwright maintained Biogen Inc (NASDAQ:BIIB) on Thursday, October 22 with "Buy" rating. The firm has "Market Perform" rating by Wells Fargo given on Thursday, August 27. The rating was maintained by Cowen & Co with "Buy" on Tuesday, August 25. The firm earned "Neutral" rating on Friday, March 11 by Robert W. Baird.

Analysts await Biogen Inc (NASDAQ:BIIB) to report earnings on July, 20. The rating was initiated by Credit Suisse with "Neutral" on Wednesday, January 20.

Biogen earned a media sentiment score of -0.13 on Alpha One's scale. The days to cover increased to 1.7 and the short interest percentage is 0.01% as of May 15. It dropped, as 90 investors sold Biogen Inc shares while 341 reduced holdings.

A number of other hedge funds also recently made changes to their positions in the company. TFS Capital LLC now owns 1,789 shares of the biotechnology company's stock valued at $489,000 after buying an additional 147 shares during the last quarter. 333,925 were reported by Korea Investment Corp. Ridgeworth Cap Lc holds 0.16% or 66,213 shares. Blackrock Grp Inc Limited reported 0.3% of its portfolio in Biogen Inc (NASDAQ:BIIB).

Shares of Biogen Inc. ran up 3.9% in afternoon trade Monday, to turn positive on the year, after UBS backed away from its bearish rating on the belief valuation may have bottomed. Axa reported 446,042 shares. Proshare Advsr Limited Liability Company invested 0.55% in Biogen Inc (NASDAQ:BIIB).

Oxford Asset Management lowered its position in Biogen Inc. Culbertson A N owns 820 shares. The Florida-based Independent Consultants has invested 0.03% in Biogen Inc (NASDAQ:BIIB). Bb&T Ltd Liability Com holds 0.04% or 8,689 shares. Natl Bank has 39 shares for 0% of their portfolio. Bessemer Gp has invested 0% in Biogen Inc (NASDAQ:BIIB). Virginia Retirement Systems ET AL increased its position in shares of Biogen by 8.3% in the first quarter.

Swedbank decreased Rockwell Automat (NYSE:ROK) stake by 139,601 shares to 1.23 million valued at $165.31 million in 2016Q4. Aon Plc (NYSE:AON) was reduced too.

Since January 9, 2017, it had 2 buys, and 5 sales for $4.84 million activity. 1,981 shares were sold by Sandrock Alfred, worth $542,952 on Monday, April 3. Clancy Paul J had sold 9,891 shares worth $2.88 million on Monday, March 13.

In related news, Director Brian S. Posner sold 1,084 shares of the business's stock in a transaction dated Friday, June 9th. In the last quarter, insiders sold 12,957 shares of company stock worth $3,689,473. More interesting news about Biogen Inc (NASDAQ:BIIB) were released by: Nasdaq.com and their article: "BUZZ-US STOCKS ON THE MOVE-PerkinElmer, Biogen, Rice Energy, EQT Corp, Novadaq ..." published on June 19, 2017 as well as Fool.com's news article titled: "Better Buy: Biogen Inc. vs. Gilead Sciences Inc." with publication date: May 31, 2017.

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