Xencor, Inc. (NASDAQ:XNCR) – Investment analysts at Wedbush decreased their FY2017 earnings per share (EPS) estimates for shares of Xencor in a report issued on Wednesday. Wedbush analyst D. Nierengarten now expects that the biopharmaceutical company will post earnings per share of ($1.06) for the year, down from their previous forecast of ($1.02). Wedbush also issued estimates for Xencor’s Q4 2017 earnings at ($0.27) EPS, Q1 2018 earnings at ($0.43) EPS, Q2 2018 earnings at ($0.45) EPS, Q3 2018 earnings at ($0.48) EPS, Q4 2018 earnings at ($0.47) EPS, FY2018 earnings at ($1.83) EPS, FY2019 earnings at ($1.91) EPS, FY2020 earnings at ($0.46) EPS and FY2021 earnings at ($1.66) EPS.

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Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Xencor from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Canaccord Genuity restated a “buy” rating and issued a $36.00 price target on shares of Xencor in a research note on Tuesday, August 8th. ValuEngine downgraded Xencor from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, BidaskClub downgraded Xencor from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Xencor currently has an average rating of “Hold” and an average price target of $28.67.

Xencor (XNCR) opened at $21.03 on Friday. Xencor has a 52 week low of $18.55 and a 52 week high of $29.38.

A number of large investors have recently bought and sold shares of the business. Virginia Retirement Systems ET AL raised its holdings in Xencor by 10.0% during the third quarter. Virginia Retirement Systems ET AL now owns 76,200 shares of the biopharmaceutical company’s stock valued at $1,747,000 after acquiring an additional 6,900 shares during the period. Great West Life Assurance Co. Can raised its holdings in Xencor by 158.9% during the third quarter. Great West Life Assurance Co. Can now owns 6,526 shares of the biopharmaceutical company’s stock valued at $150,000 after acquiring an additional 4,005 shares during the period. TD Asset Management Inc. raised its holdings in Xencor by 20.5% during the third quarter. TD Asset Management Inc. now owns 98,521 shares of the biopharmaceutical company’s stock valued at $2,258,000 after acquiring an additional 16,752 shares during the period. Artal Group S.A. bought a new stake in Xencor during the third quarter valued at about $2,292,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Xencor during the third quarter valued at about $572,000. 76.81% of the stock is currently owned by institutional investors and hedge funds.

In other Xencor news, major shareholder John S. Stafford III purchased 43,500 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were acquired at an average cost of $19.93 per share, with a total value of $866,955.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John S. Stafford III purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of $20.96 per share, for a total transaction of $524,000.00. The disclosure for this purchase can be found here. Insiders have purchased 427,209 shares of company stock worth $8,537,686 over the last quarter. 4.03% of the stock is owned by company insiders.

Xencor Company Profile

Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.

Earnings History and Estimates for Xencor (NASDAQ:XNCR)

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