Bellevue Group AG lessened its stake in shares of Xenon Pharmaceuticals Inc. (NASDAQ:XENE – Free Report) by 19.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,200 shares of the biopharmaceutical company’s stock after selling 2,000 shares during the quarter. Bellevue Group AG’s holdings in Xenon Pharmaceuticals were worth $323,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of XENE. Harbor Capital Advisors Inc. raised its holdings in Xenon Pharmaceuticals by 647.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 24,116 shares of the biopharmaceutical company’s stock valued at $940,000 after buying an additional 20,891 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Xenon Pharmaceuticals by 7.1% during the third quarter. Loomis Sayles & Co. L P now owns 707,222 shares of the biopharmaceutical company’s stock valued at $27,843,000 after acquiring an additional 46,964 shares during the last quarter. DNB Asset Management AS raised its stake in shares of Xenon Pharmaceuticals by 39.2% during the second quarter. DNB Asset Management AS now owns 175,733 shares of the biopharmaceutical company’s stock valued at $6,852,000 after acquiring an additional 49,483 shares during the last quarter. Vestal Point Capital LP lifted its holdings in shares of Xenon Pharmaceuticals by 57.1% during the third quarter. Vestal Point Capital LP now owns 825,000 shares of the biopharmaceutical company’s stock worth $32,480,000 after purchasing an additional 300,000 shares during the period. Finally, Driehaus Capital Management LLC grew its stake in shares of Xenon Pharmaceuticals by 2.3% in the second quarter. Driehaus Capital Management LLC now owns 4,419,472 shares of the biopharmaceutical company’s stock worth $172,315,000 after purchasing an additional 97,732 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Xenon Pharmaceuticals news, Director Gary Patou sold 4,891 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $41.08, for a total transaction of $200,922.28. Following the completion of the sale, the director now owns 23,573 shares in the company, valued at approximately $968,378.84. The trade was a 17.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.52% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on XENE
Xenon Pharmaceuticals Trading Down 1.2 %
NASDAQ:XENE opened at $42.63 on Monday. Xenon Pharmaceuticals Inc. has a twelve month low of $35.18 and a twelve month high of $50.99. The company has a fifty day moving average of $41.47 and a 200-day moving average of $40.25.
Xenon Pharmaceuticals (NASDAQ:XENE – Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The biopharmaceutical company reported ($0.81) EPS for the quarter, topping analysts’ consensus estimates of ($0.82) by $0.01. During the same quarter last year, the firm earned ($0.73) earnings per share. On average, sell-side analysts predict that Xenon Pharmaceuticals Inc. will post -3.1 EPS for the current year.
Xenon Pharmaceuticals Company Profile
Xenon Pharmaceuticals Inc, a neuroscience-focused biopharmaceutical company, engages in the development of therapeutics to treat patients with neurological disorders in Canada. Its clinical development pipeline includes XEN1101, a novel and potent Kv7 potassium channel opener, which is in Phase 3 clinical trials for the treatment of epilepsy and other neurological disorders.
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