C WorldWide Group Holding A S Has $178,000 Stake in Lexicon Pharmaceuticals, Inc. (LXRX)
C WorldWide Group Holding A S reduced its position in Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) by 7.6% during the second quarter, Holdings Channel reports. The firm owned 10,793 shares of the biopharmaceutical company’s stock after selling 884 shares during the period. C WorldWide Group Holding A S’s holdings in Lexicon Pharmaceuticals were worth $178,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in LXRX. Highbridge Capital Management LLC purchased a new stake in Lexicon Pharmaceuticals during the first quarter worth $7,813,000. Sector Gamma AS purchased a new stake in Lexicon Pharmaceuticals during the first quarter worth $4,765,000. Wellington Management Group LLP boosted its stake in Lexicon Pharmaceuticals by 11.1% in the first quarter. Wellington Management Group LLP now owns 279,874 shares of the biopharmaceutical company’s stock worth $4,013,000 after buying an additional 27,964 shares during the period. Teachers Advisors LLC boosted its stake in Lexicon Pharmaceuticals by 34.4% in the fourth quarter. Teachers Advisors LLC now owns 106,890 shares of the biopharmaceutical company’s stock worth $1,478,000 after buying an additional 27,378 shares during the period. Finally, Norges Bank purchased a new stake in Lexicon Pharmaceuticals during the fourth quarter worth $12,582,000.
Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) opened at 14.62 on Friday. The firm’s 50-day moving average is $16.17 and its 200 day moving average is $15.41. The firm’s market cap is $1.54 billion. Lexicon Pharmaceuticals, Inc. has a 1-year low of $13.41 and a 1-year high of $19.62.
Lexicon Pharmaceuticals (NASDAQ:LXRX) last issued its quarterly earnings results on Tuesday, August 1st. The biopharmaceutical company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.12. The business had revenue of $12 million for the quarter, compared to the consensus estimate of $18.34 million. Lexicon Pharmaceuticals had a negative net margin of 170.63% and a negative return on equity of 94.87%. The firm’s quarterly revenue was down 40.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.37) EPS. On average, equities analysts forecast that Lexicon Pharmaceuticals, Inc. will post ($1.45) earnings per share for the current fiscal year.
A number of analysts recently weighed in on LXRX shares. BidaskClub cut shares of Lexicon Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research raised shares of Lexicon Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine raised shares of Lexicon Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. HC Wainwright set a $27.00 target price on shares of Lexicon Pharmaceuticals and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Finally, Wedbush reissued an “ourperform” rating and set a $39.00 target price on shares of Lexicon Pharmaceuticals in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Lexicon Pharmaceuticals presently has a consensus rating of “Hold” and a consensus target price of $27.00.
Lexicon Pharmaceuticals Company Profile
Lexicon Pharmaceuticals, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of breakthrough treatments for human disease. Its drug programs include XERMELO (telotristat ethyl), sotagliflozin, LX2761 and LX9211. It also has a number of additional compounds into various stages of clinical and preclinical development.
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