Fmr LLC bought a new stake in shares of Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) during the first quarter, Holdings Channel reports. The firm bought 66,600 shares of the company’s stock, valued at approximately $108,000.

Separately, Toronto Dominion Bank raised its stake in Concordia International Corp. by 1.0% in the first quarter. Toronto Dominion Bank now owns 81,608 shares of the company’s stock worth $132,000 after buying an additional 782 shares during the last quarter. 13.68% of the stock is owned by institutional investors.

Concordia International Corp. (NASDAQ:CXRX) traded down 6.15% during mid-day trading on Friday, hitting $1.22. The company had a trading volume of 97,018 shares. The company’s 50 day moving average price is $1.47 and its 200-day moving average price is $1.66. The company’s market cap is $62.33 million. Concordia International Corp. has a one year low of $1.09 and a one year high of $12.77.

Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last issued its quarterly earnings results on Friday, August 11th. The company reported ($19.78) earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $20.30. The business had revenue of $160.80 million for the quarter, compared to analysts’ expectations of $160.92 million. Concordia International Corp. had a negative net margin of 185.54% and a negative return on equity of 83.96%. The business’s quarterly revenue was down 30.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 EPS. Equities research analysts anticipate that Concordia International Corp. will post $1.26 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “66,600 Shares in Concordia International Corp. (NASDAQ:CXRX) Acquired by Fmr LLC” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/66600-shares-in-concordia-international-corp-nasdaqcxrx-acquired-by-fmr-llc/1474734.html.

A number of research firms recently commented on CXRX. ValuEngine raised Concordia International Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered Concordia International Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Seven equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Concordia International Corp. presently has a consensus rating of “Sell” and an average target price of $9.80.

About Concordia International Corp.

Want to see what other hedge funds are holding CXRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR).

Institutional Ownership by Quarter for Concordia International Corp. (NASDAQ:CXRX)

Receive News & Ratings for Concordia International Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concordia International Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.