Pictet Asset Management Ltd. Boosts Stake in Valeant Pharmaceuticals International, Inc. (VRX)

John Paulson

The specialty pharmaceutical company reported $2.80 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.87 by $1.93. State of Tennessee Treasury Department owned 0.08% of Valeant Pharmaceuticals International worth $2,880,000 as of its most recent filing with the SEC. Moreover, Alpine Vi Ltd Limited Liability Company has 2.88% invested in Valeant Pharmaceuticals Intl Inc (NYSE:VRX) for 425,000 shares. Paulson & Co. Inc. owns $245.41 million in Valeant Pharmaceuticals International, Inc., which represents roughly 5.54% of the company's market cap and approximately 10.87% of the institutional ownership. Bank of New York Mellon Corp boosted its stake in Valeant Pharmaceuticals International by 2.2% in the first quarter. Finally, ValueAct Holdings L.P. boosted its position in Valeant Pharmaceuticals International by 20.0% in the first quarter. City Financial Investment Co Ltd now owns 945,548 shares of the specialty pharmaceutical company's stock valued at $10,429,000 after buying an additional 60,000 shares during the period. WMS Partners LLC purchased a new position in Valeant Pharmaceuticals International during the first quarter worth approximately $116,000. Franklin Street Advisors Nc owns 0.05% invested in Valeant Pharmaceuticals Intl Inc (NYSE:VRX) for 18,470 shares.

Shares of Valeant Pharmaceuticals International, Inc. The stock of Valeant Pharmaceuticals Intl Inc (TSE:VRX) has "Sector Perform" rating given on Monday, June 20 by RBC Capital Markets. Another trade for 3.00 million shares valued at $32.47 million was made by ValueAct Holdings - L.P. on Tuesday, March 14. The stock of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) has "Neutral" rating given on Thursday, May 11 by BTIG Research. (NYSE/TSX:VRX) is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of dermatology, gastrointestinal disorders, eye health, neurology and branded generics. The firm has a 50-day moving average of $12.26 and a 200-day moving average of $12.99. Valeant Pharmaceuticals International also saw some unusual options trading activity on Friday. Stock traders bought 35,088 put options on the stock. Barclays PLC reissued a "hold" rating and set a $34.00 target price on shares of Valeant Pharmaceuticals International in a research note on Thursday, February 9th. That particular crummy trade resulted in a almost $2 billion loss for his firm.

Cantor Fitzgerald analyst initiated coverage on Valeant Pharmaceuticals International VRX (NYSE:VRX) with a $18.00 PT and "Overweight" rating. The business's revenue for the quarter was down 11.1% on a year-over-year basis.

As of the latest earnings report the EPS was $-4.05 and is estimated to be $3.89 for the current year with 347,906,000 shares now outstanding. Valeant Pharmaceuticals International's revenue was down 11.1% on a year-over-year basis.

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TRADEMARK VIOLATION NOTICE: This piece was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of USA and global copyright and trademark legislation. Moreover, Private Management Gru has 0.56% invested in Valeant Pharmaceuticals Intl Inc (NYSE:VRX).

A number of equities research analysts have recently commented on the company. BMO Capital Markets downgraded it to "Market Perform" rating and $6 target in Monday, December 19 report. Guggenheim restated a "buy" rating and issued a $55.00 price target on shares of Valeant Pharmaceuticals International in a research report on Tuesday, February 28th. Deutsche Bank AG dropped their price objective on Valeant Pharmaceuticals International from $20.00 to $19.00 and set a "hold" rating for the company in a report on Tuesday, March 7th. Valley National Advisers holds 0% in Valeant Pharmaceuticals Intl Inc (NYSE:VRX) or 99 shares. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Valeant Pharmaceuticals International now has a consensus rating of "Hold" and a consensus price target of $18.11. The shares were acquired at an average cost of $13.90 per share, with a total value of $278,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 484,618 are owned by Cibc Asset Mngmt Incorporated.

Valeant Pharmaceuticals International, Inc is a pharmaceutical and medical device company.

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