Sci-tech

Raises Stake in Ligand Pharmaceuticals Incorporated (NASDAQ:LGND)

The share price has moved forward from its 20 days moving average, trading at a distance of 4.7% and stays 7.07% away from its 50 days moving average. Conestoga Capital Advisors LLC boosted its stake in Ligand Pharmaceuticals by 5.8% in the first quarter.

Shares of Ligand Pharmaceuticals Incorporated (LGND) traded up 0.11% during mid-day trading on Friday, hitting $125.12. Rk Capital Management Llc owns 191,883 shares or 4.04% of their United States portfolio. About 1.01M shares traded.

Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) shares are holding above their moving averages, indicating a postitive uptrend for Healthcare company. It has underperformed by 19.57% the S&P500.

Since February 27, 2017, it had 0 insider buys, and 7 insider sales for $11.11 million activity. Bank & Trust Of Mellon Corporation holds 0.02% in Ligand Pharmaceuticals Inc. (NASDAQ:LGND) for 15,123 shares.

In other news, CEO John L. Higgins sold 4,666 shares of the business's stock in a transaction on Wednesday, June 21st.

Investors sentiment increased to 1.2 in Q4 2016.

Based on the latest brokerage notes which have been released to investors, 1 brokers have issued a rating of "strong buy", 3 brokers "buy", 1 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". It increased, as 23 investors sold LGND shares while 85 reduced holdings. 39 funds opened positions while 91 raised stakes. Cg Asset Mngmt Ltd Liability has invested 0.12% of its portfolio in Ligand Pharmaceuticals Inc. (NASDAQ:LGND). Parsons Capital Management Incorporated Ri reported 4,792 shares or 0.06% of all its holdings. 967.70 million shares or 0.34% more from 964.42 million shares in 2016Q3 were reported. With an institutional ownership near 0%, it carries an earnings per share ratio of -0.28. 563,820 are owned by Financial Bank Of America Corporation De. Dupont Cap Management accumulated 8,502 shares. 1,332 are owned by Jpmorgan Chase Communications. Meridian Investment Counsel holds 0.22% of its portfolio in Ligand Pharmaceuticals Inc.

ILLEGAL ACTIVITY NOTICE: "Ligand Pharmaceuticals (LGND) Earning Somewhat Positive Press Coverage, Report Finds" was first reported by Stock Observer and is the property of of Stock Observer.

Several research firms recently issued reports on LGND. More interesting news about Ligand Pharmaceuticals Inc.

Matarin Capital Management Llc increased Baytex Energy Corp. Eagle Asset Management Inc. now owns 490,841 shares of the biotechnology company's stock valued at $59,588,000 after buying an additional 35,289 shares during the period. State Of New Jersey Common Pension Fund D has 260,000 shares. (NASDAQ:FPRX) was raised too.

02/24/2014 - Ligand Pharmaceuticals Incorporated had its "buy" rating reiterated by analysts at Summer Street. Therefore 80% are positive. Equities analysts anticipate that Ligand Pharmaceuticals will post $2.95 EPS for the current year. (NASDAQ:LGND) has "Buy" rating given on Thursday, November 19 by TH Capital. (NASDAQ:LGND) has "Buy" rating given on Wednesday, September 30 by TH Capital. The company was initiated on Wednesday, April 13 by Stephens. The company was maintained on Monday, September 21 by Roth Capital. The firm earned "Hold" rating on Monday, July 17 by Deutsche Bank. Deutsche Bank downgraded Ligand Pharmaceuticals Inc.

Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) had its price target boosted by Deutsche Bank AG from $103.00 to $104.00 in a research report sent to investors on Tuesday. At present, 11 analysts recommended Holding these shares while 5 recommended sell, according to FactSet data. The rating was maintained by TH Capital on Friday, December 18 with "Buy". Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The insider ARMEN GARO H bought 100,000 shares worth $334,520. About 1,000 shares traded. ServiceNow Inc had 65 analyst reports since July 21, 2015 according to SRatingsIntel. Recently, analysts have updated the overall rating to 2. The firm earned "Buy" rating on Wednesday, September 30 by Roth Capital. As per Monday, December 12, the company rating was upgraded by Societe Generale. Roth Capital has "Buy" rating and $146 target. The stock has "Buy" rating by Citigroup on Monday, June 19. The company was maintained on Tuesday, July 11 by Cowen & Co. The company was upgraded on Friday, March 11 by Maxim Group. P2 Capital Partners Llc who had been investing in Ebix Inc for a number of months, seems to be less bullish one the $1.93B market cap company.

Ligand Pharmaceuticals Incorporated (Ligand) is a biopharmaceutical company that focuses on developing and acquiring technologies that help pharmaceutical companies discover and develop medicines. It is developing a I-O portfolio driven by platforms and programs, such as antibody discovery platforms, including Retrocyte Display, SECANT yeast display and phage display technologies created to produce human antibodies; antibody candidate programs, including checkpoint modulator (CPM) programs; vaccine programs, including Prophage, AutoSynVax and PhosPhoSynVax, and saponin vaccine adjuvants, principally QS-21 Stimulon adjuvant (QS-21 Stimulon).

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