Ingalls & Snyder LLC decreased its holdings in shares of Allergan plc (NYSE:AGN) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 7,059 shares of the company’s stock after selling 100 shares during the quarter. Ingalls & Snyder LLC’s holdings in Allergan were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in the business. Legacy Private Trust Co. boosted its holdings in shares of Allergan by 86.4% during the fourth quarter. Legacy Private Trust Co. now owns 8,442 shares of the company’s stock valued at $1,614,000 after acquiring an additional 3,912 shares during the period. Modus Advisors LLC acquired a new stake in Allergan in the fourth quarter worth about $914,000. Allred Capital Management LLC acquired a new stake in Allergan in the fourth quarter worth about $92,000. Tuttle Tactical Management lifted its holdings in Allergan by 40.1% in the fourth quarter. Tuttle Tactical Management now owns 8,146 shares of the company’s stock worth $1,557,000 after purchasing an additional 2,332 shares during the period. Finally, BKD Wealth Advisors LLC acquired a new stake in Allergan in the fourth quarter worth about $288,000. Hedge funds and other institutional investors own 82.28% of the company’s stock.
Several research firms recently weighed in on AGN. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $184.00 price objective (up previously from $176.00) on shares of Allergan in a report on Monday, September 30th. ValuEngine downgraded shares of Allergan from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, UBS Group downgraded shares of Allergan from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $189.00 to $203.00 in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $175.90.
NYSE AGN opened at $193.85 on Thursday. The stock’s 50-day moving average price is $189.36 and its two-hundred day moving average price is $173.36. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The company has a market cap of $63.21 billion, a PE ratio of 11.61, a PEG ratio of 1.89 and a beta of 1.64. Allergan plc has a 1 year low of $114.27 and a 1 year high of $194.61.
Allergan (NYSE:AGN) last issued its earnings results on Tuesday, November 5th. The company reported $4.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $4.25. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.88 billion. Allergan had a positive return on equity of 9.08% and a negative net margin of 58.50%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.25 EPS. Research analysts forecast that Allergan plc will post 16.88 EPS for the current fiscal year.
Allergan plc, a pharmaceutical company, develops, manufactures, and commercializes branded pharmaceutical, device, biologic, surgical, and regenerative medicine products worldwide. The company operates in three segments: US Specialized Therapeutics, US General Medicine, and International. It offers a portfolio of products in various therapeutic areas, including medical aesthetics and dermatology, eye care, neuroscience, urology, gastrointestinal, women's health, and anti-infective therapeutic products.
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