Valeant Stock Jumps After John Paulson Named to Board


Abbott Laboratories (NYSE:ABT) has risen 15.90% since June 19, 2016 and is uptrending. Valeant Pharmaceuticals International also was the target of unusually large options trading on Friday.

The move comes just three months after fellow hedgie Bill Ackman of Pershing Square sold his stake in Valeant at a almost $4 billion loss and said he was exiting his board seat. Medical-test maker PerkinElmer said it would buy a German medical-diagnostics company Euroimmun Medical Laboratory Diagnostics for $1.3 billion, expanding its reach into autoimmune and allergy testing.

At the time, Valeant was led by J. Michael Pearson, who left a year ago after the company's stock price plunged from its August 2015 peak. About 31.41 million shares traded. (TSX:VRX) says prominent US investor John Paulson has joined its board of directors. It has underperformed by 65.21% the S&P500. Equities research analysts anticipate that Valeant Pharmaceuticals International will post $3.89 EPS for the current year. Therefore 41% are positive. RBC Capital Markets maintained the stock with "Outperform" rating in Tuesday, October 27 report. (NYSE:VRX) opened at 12.66 on Friday. Scotia Capital has "Sector Outperform" rating and $310 target. Barclays Capital maintained the shares of VRX in report on Thursday, May 11 with "Equal Weight" rating. Insiders own 5.87% of the company's stock.

Investors sentiment increased to 0.86 in 2016 Q4. Its up 0.09, from 1.01 in 2016Q3. 103 funds opened positions while 481 raised stakes. Telemus Cap Lc reported 116,000 shares. 3,110 were accumulated by Cetera Advisors Limited. Great West Life Assurance Com Can has invested 0.17% in Abbott Laboratories (NYSE:ABT). Agf Inc holds 8,842 shares or 0% of its portfolio. 1832 Asset Limited Partnership owns 325 shares or 0% of their United States portfolio. Finally, Guggenheim Capital LLC increased its stake in Valeant Pharmaceuticals International by 18.6% in the fourth quarter. Columbus Hill Capital Management Ltd Partnership, New Jersey-based fund reported 685,000 shares. First Allied Advisory has invested 0.12% in Stryker Corporation (NYSE:SYK). Stifel Fincl reported 159,270 shares stake. Cam Group A S accumulated 214,021 shares. 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. Highbridge Cap Management Llc stated it has 10,783 shares. Layne Christensen (NASDAQ:LAYN) was reduced too. Herendeen Paul had bought 24,000 shares worth $257,280. D E Shaw holds 1.66M shares. About 35 shares traded. SANTI ERNEST SCOTT had sold 101,297 shares worth $13.98 million on Thursday, May 11. 3,716 shares were sold by FRANCESCONI LOUISE, worth $454,623 on Monday, January 30. Moreover, Lincoln National Corp has 0.01% invested in Valeant Pharmaceuticals Intl Inc (NYSE:VRX) for 12,438 shares. Bank of America had 62 analyst reports since July 21, 2015 according to SRatingsIntel. Alpine Partners Vi Ltd Liability Com holds 2.88% of its portfolio in Valeant Pharmaceuticals Intl Inc (NYSE:VRX) for 425,000 shares. Morgan Stanley has "Equal-Weight" rating and $17 target. On September 20, 2016 Deutsche Bank began coverage of VRX giving it an initial rating of "Hold". Wells Fargo initiated the stock with "Underperform" rating in Friday, February 19 report.

Phoenix Investment Adviser Llc decreased its stake in Valeant Pharmaceuticals Intl (Call) (VRX) by 98.94% based on its latest 2016Q4 regulatory filing with the SEC. As per Monday, August 15, the company rating was upgraded by Mizuho.

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Since March 13, 2017, it had 3 insider buys, and 1 sale for $166.26 million activity.

In other Valeant Pharmaceuticals International news, Director Schutter Richard U. De acquired 20,000 shares of the stock in a transaction that occurred on Thursday, May 11th. Pershing Square Capital Management - L.P. had sold 18.11M shares worth $199.26M on Monday, March 13. Gruss & Co. Inc. acquired a new position in Valeant Pharmaceuticals International during the first quarter valued at $104,000.

Investors sentiment decreased to 0.7 in Q4 2016. Its down 0.10, from 0.88 in 2016Q3. It fall, as 82 investors sold VRX shares while 87 reduced holdings. The company has its outstanding shares of 958.20 million.

Clearbridge Invs Limited Liability reported 2.93M shares or 0.05% of all its holdings. Valeant Pharmaceuticals International had a positive return on equity of 58.02% and a negative net margin of 14.96%. Strs Ohio reported 0% stake. Bbva Compass Natl Bank Inc invested in 22,298 shares. Allianz Asset Ag holds 26,954 shares. Valeant Pharmaceuticals International's quarterly revenue was down 11.1% compared to the same quarter a year ago.