Xencor, Inc. (XNCR) Major Shareholder Buys $271,397.00 in Stock
Xencor, Inc. (NASDAQ:XNCR) major shareholder John S. Stafford III purchased 13,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was purchased at an average price of $19.81 per share, for a total transaction of $271,397.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Xencor (NASDAQ:XNCR) last posted its quarterly earnings data on Monday, August 7th. The biopharmaceutical company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.10. The company had revenue of $13.34 million for the quarter, compared to analyst estimates of $8.15 million. Xencor had a negative return on equity of 13.79% and a negative net margin of 121.04%.
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Institutional investors and hedge funds have recently modified their holdings of the business. Equitec Specialists LLC acquired a new position in Xencor in the second quarter valued at approximately $116,000. SG Americas Securities LLC lifted its stake in Xencor by 62.6% in the second quarter. SG Americas Securities LLC now owns 8,447 shares of the biopharmaceutical company’s stock valued at $178,000 after buying an additional 3,252 shares during the period. Legal & General Group Plc lifted its stake in Xencor by 4.5% in the second quarter. Legal & General Group Plc now owns 8,978 shares of the biopharmaceutical company’s stock valued at $189,000 after buying an additional 385 shares during the period. Citadel Advisors LLC acquired a new position in Xencor in the second quarter valued at approximately $224,000. Finally, Airain ltd lifted its stake in Xencor by 49.9% in the second quarter. Airain ltd now owns 13,360 shares of the biopharmaceutical company’s stock valued at $282,000 after buying an additional 4,447 shares during the period. 76.81% of the stock is currently owned by hedge funds and other institutional investors.
XNCR has been the topic of a number of analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $36.00 price target on shares of Xencor in a research report on Tuesday, August 8th. ValuEngine upgraded shares of Xencor from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Xencor from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of Xencor from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Xencor currently has a consensus rating of “Hold” and an average price target of $28.00.
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.
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