Rovida Advisors Inc. Takes Position in Allergan PLC. (AGN)

Rovida Advisors Inc. bought a new position in Allergan PLC. (NYSE:AGN) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 152,900 shares of the company’s stock, valued at approximately $37,168,000. Allergan PLC. comprises approximately 5.1% of Rovida Advisors Inc.’s portfolio, making the stock its 10th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of AGN. Veritas Asset Management LLP acquired a new stake in shares of Allergan PLC. in the 1st quarter worth $761,339,000. Iridian Asset Management LLC CT increased its stake in shares of Allergan PLC. by 141.3% in the 1st quarter. Iridian Asset Management LLC CT now owns 1,283,833 shares of the company’s stock worth $306,733,000 after acquiring an additional 751,848 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Allergan PLC. in the 1st quarter worth $124,255,000. Blue Ridge Capital L.L.C. increased its stake in shares of Allergan PLC. by 24.1% in the 1st quarter. Blue Ridge Capital L.L.C. now owns 1,909,900 shares of the company’s stock worth $456,313,000 after acquiring an additional 370,400 shares during the last quarter. Finally, Harbour Capital Advisors LLC increased its stake in shares of Allergan PLC. by 21,412.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 345,917 shares of the company’s stock worth $1,423,000 after acquiring an additional 344,309 shares during the last quarter. 82.02% of the stock is owned by institutional investors and hedge funds.

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Allergan PLC. (AGN) opened at 221.54 on Tuesday. The firm has a 50-day moving average price of $230.85 and a 200 day moving average price of $236.29. Allergan PLC. has a 52-week low of $184.50 and a 52-week high of $256.80. The firm has a market capitalization of $74.06 billion, a P/E ratio of 6.75 and a beta of 1.18.

Allergan PLC. (NYSE:AGN) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $4.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.95 by $0.07. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.95 billion. Allergan PLC. had a return on equity of 7.37% and a net margin of 79.17%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.35 earnings per share. Analysts forecast that Allergan PLC. will post $16.25 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 1.26%. Allergan PLC.’s dividend payout ratio is presently 9.95%.

A number of analysts have issued reports on the company. Vetr raised Allergan PLC. from a “sell” rating to a “hold” rating and set a $242.88 target price for the company in a research note on Monday, June 26th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $280.00 target price (up from $270.00) on shares of Allergan PLC. in a research note on Wednesday, August 9th. UBS AG reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Allergan PLC. in a research note on Wednesday, August 9th. Royal Bank Of Canada set a $284.00 target price on Allergan PLC. and gave the stock a “buy” rating in a research note on Sunday, July 16th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $273.00 target price (up from $265.00) on shares of Allergan PLC. in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $274.69.

Allergan PLC. Company Profile

Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.

Institutional Ownership by Quarter for Allergan PLC. (NYSE:AGN)

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