208,162 Shares in Neurocrine Biosciences, Inc. (NASDAQ:NBIX) Acquired by NN Investment Partners Holdings N.V.
NN Investment Partners Holdings N.V. purchased a new stake in Neurocrine Biosciences, Inc. (NASDAQ:NBIX) during the second quarter, Holdings Channel reports. The institutional investor purchased 208,162 shares of the company’s stock, valued at approximately $9,576,000. NN Investment Partners Holdings N.V. owned 0.24% of Neurocrine Biosciences as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in Neurocrine Biosciences during the fourth quarter valued at $1,025,000. Dimensional Fund Advisors LP boosted its position in Neurocrine Biosciences by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 165,953 shares of the company’s stock valued at $6,422,000 after buying an additional 4,428 shares in the last quarter. Putnam Investments LLC boosted its position in Neurocrine Biosciences by 8.8% in the fourth quarter. Putnam Investments LLC now owns 27,348 shares of the company’s stock valued at $1,058,000 after buying an additional 2,222 shares in the last quarter. Norges Bank acquired a new position in Neurocrine Biosciences during the fourth quarter valued at $34,777,000. Finally, Teachers Advisors LLC boosted its position in Neurocrine Biosciences by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 78,287 shares of the company’s stock valued at $3,030,000 after buying an additional 4,668 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.
Neurocrine Biosciences, Inc. (NASDAQ:NBIX) opened at 48.19 on Friday. Neurocrine Biosciences, Inc. has a 52 week low of $37.35 and a 52 week high of $55.38. The company’s market capitalization is $4.24 billion. The firm has a 50-day moving average price of $47.45 and a 200-day moving average price of $45.18.
Neurocrine Biosciences (NASDAQ:NBIX) last announced its quarterly earnings data on Tuesday, May 9th. The company reported ($0.90) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by $0.23. During the same quarter last year, the firm posted ($0.22) earnings per share. Analysts anticipate that Neurocrine Biosciences, Inc. will post ($2.48) EPS for the current fiscal year.
NBIX has been the topic of several research analyst reports. Bank of America Corporation initiated coverage on Neurocrine Biosciences in a research report on Friday, May 5th. They issued a “buy” rating and a $70.00 price objective on the stock. Oppenheimer Holdings, Inc. set a $60.00 price objective on Neurocrine Biosciences and gave the stock a “buy” rating in a research report on Saturday, April 8th. BidaskClub raised Neurocrine Biosciences from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Jefferies Group LLC boosted their price objective on Neurocrine Biosciences from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Finally, Leerink Swann cut their price objective on Neurocrine Biosciences from $68.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the company’s stock. Neurocrine Biosciences has a consensus rating of “Buy” and an average price target of $67.69.
In other news, insider Dimitri E. Grigoriadis sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the transaction, the insider now directly owns 117,691 shares in the company, valued at $6,473,005. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin Charles Gorman sold 21,739 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $53.23, for a total value of $1,157,166.97. Following the completion of the transaction, the chief executive officer now owns 354,346 shares in the company, valued at $18,861,837.58. The disclosure for this sale can be found here. Insiders sold 71,699 shares of company stock worth $3,855,122 over the last 90 days. Company insiders own 4.80% of the company’s stock.
Neurocrine Biosciences Company Profile
Neurocrine Biosciences, Inc is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson’s disease.
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