Bank of New York Mellon Corp decreased its position in Achillion Pharmaceuticals (NASDAQ:ACHN) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 587,819 shares of the biopharmaceutical company’s stock after selling 17,474 shares during the quarter. Bank of New York Mellon Corp owned 0.43% of Achillion Pharmaceuticals worth $1,693,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of ACHN. Dimensional Fund Advisors LP grew its position in Achillion Pharmaceuticals by 75.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,276,076 shares of the biopharmaceutical company’s stock valued at $14,710,000 after acquiring an additional 1,407,108 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Achillion Pharmaceuticals by 14.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 525,612 shares of the biopharmaceutical company’s stock worth $2,360,000 after buying an additional 68,271 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Achillion Pharmaceuticals during the fourth quarter worth approximately $109,000. Swiss National Bank grew its position in shares of Achillion Pharmaceuticals by 19.1% during the fourth quarter. Swiss National Bank now owns 189,800 shares of the biopharmaceutical company’s stock worth $547,000 after buying an additional 30,400 shares in the last quarter. Finally, Bourgeon Capital Management LLC grew its position in shares of Achillion Pharmaceuticals by 64.4% during the fourth quarter. Bourgeon Capital Management LLC now owns 48,504 shares of the biopharmaceutical company’s stock worth $140,000 after buying an additional 19,004 shares in the last quarter. 82.04% of the stock is owned by institutional investors.
ACHN has been the subject of a number of recent analyst reports. BidaskClub raised shares of Achillion Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded shares of Achillion Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, B. Riley initiated coverage on shares of Achillion Pharmaceuticals in a research report on Thursday, February 8th. They set a “neutral” rating and a $3.50 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $4.89.
Achillion Pharmaceuticals (NASDAQ:ACHN) last released its quarterly earnings data on Thursday, February 22nd. The biopharmaceutical company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). During the same period in the previous year, the business earned ($0.03) EPS. research analysts expect that Achillion Pharmaceuticals will post -0.55 EPS for the current fiscal year.
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About Achillion Pharmaceuticals
Achillion Pharmaceuticals, Inc, a biopharmaceutical company, discovers, develops, and commercializes small molecule drug therapies for immune system disorders in the United States. Its lead drug candidate includes ACH-4471, an inhibitor of factor D that is Phase II clinical trials for patients with paroxysmal nocturnal hemoglobinuria and C3 glomerulopathy.
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