NF Trinity Capital Hong Kong Ltd grew its stake in Allergan plc (NYSE:AGN) by 14.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 125,448 shares of the company’s stock after buying an additional 16,000 shares during the quarter. Allergan accounts for 2.7% of NF Trinity Capital Hong Kong Ltd’s holdings, making the stock its 10th biggest position. NF Trinity Capital Hong Kong Ltd’s holdings in Allergan were worth $20,521,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Cable Hill Partners LLC boosted its holdings in Allergan by 255.2% during the third quarter. Cable Hill Partners LLC now owns 515 shares of the company’s stock worth $106,000 after purchasing an additional 370 shares during the last quarter. Rockefeller Financial Services Inc. boosted its holdings in Allergan by 283.7% during the third quarter. Rockefeller Financial Services Inc. now owns 541 shares of the company’s stock worth $111,000 after purchasing an additional 400 shares during the last quarter. BB&T Investment Services Inc. boosted its holdings in Allergan by 1,308.2% during the third quarter. BB&T Investment Services Inc. now owns 690 shares of the company’s stock worth $139,000 after purchasing an additional 641 shares during the last quarter. Phocas Financial Corp. acquired a new position in Allergan during the second quarter worth $150,000. Finally, Acropolis Investment Management LLC acquired a new position in Allergan during the fourth quarter worth $153,000. Institutional investors own 80.23% of the company’s stock.

In related news, Director Chris W. Bodine acquired 3,030 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were bought at an average cost of $164.77 per share, with a total value of $499,253.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Brent L. Saunders purchased 4,600 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of $164.74 per share, for a total transaction of $757,804.00. The disclosure for this purchase can be found here. Insiders bought 17,630 shares of company stock worth $2,890,057 over the last three months. Insiders own 0.36% of the company’s stock.

Several research analysts recently commented on AGN shares. Cowen restated a “buy” rating on shares of Allergan in a report on Thursday, October 12th. Sanford C. Bernstein set a $252.00 target price on shares of Allergan and gave the stock a “buy” rating in a report on Wednesday, October 18th. Deutsche Bank set a $251.00 target price on shares of Allergan and gave the stock a “buy” rating in a report on Tuesday, October 17th. UBS Group set a $255.00 price target on shares of Allergan and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $275.00 price target on shares of Allergan in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $227.23.

Allergan plc (NYSE:AGN) opened at $170.39 on Thursday. The firm has a market cap of $55,983.71, a PE ratio of -12.70, a PEG ratio of 1.24 and a beta of 1.19. Allergan plc has a 1 year low of $160.07 and a 1 year high of $256.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.04 and a quick ratio of 1.08.

Allergan (NYSE:AGN) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $4.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.74 by $0.12. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.28 billion. Allergan had a negative net margin of 26.32% and a positive return on equity of 8.28%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.90 earnings per share. sell-side analysts predict that Allergan plc will post 15.41 EPS for the current fiscal year.

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About Allergan

Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.

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Institutional Ownership by Quarter for Allergan (NYSE:AGN)

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