Jefferies Group LLC Buys Shares of 325,630 Xenon Pharmaceuticals Inc (XENE)

Jefferies Group LLC bought a new position in Xenon Pharmaceuticals Inc (NASDAQ:XENE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 325,630 shares of the biopharmaceutical company’s stock, valued at approximately $4,298,000. Jefferies Group LLC owned about 1.69% of Xenon Pharmaceuticals at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vivo Capital LLC acquired a new position in Xenon Pharmaceuticals in the 3rd quarter worth about $18,552,000. Citadel Advisors LLC acquired a new position in Xenon Pharmaceuticals in the 3rd quarter worth about $9,952,000. Renaissance Technologies LLC increased its position in Xenon Pharmaceuticals by 7.7% in the 3rd quarter. Renaissance Technologies LLC now owns 527,337 shares of the biopharmaceutical company’s stock worth $6,961,000 after purchasing an additional 37,837 shares during the last quarter. Acuta Capital Partners LLC increased its position in Xenon Pharmaceuticals by 7.2% in the 3rd quarter. Acuta Capital Partners LLC now owns 482,500 shares of the biopharmaceutical company’s stock worth $6,369,000 after purchasing an additional 32,500 shares during the last quarter. Finally, Foresite Capital Management IV LLC acquired a new position in Xenon Pharmaceuticals in the 3rd quarter worth about $5,091,000. 69.71% of the stock is currently owned by institutional investors.

Shares of NASDAQ XENE opened at $7.31 on Friday. The company has a quick ratio of 29.36, a current ratio of 29.36 and a debt-to-equity ratio of 0.15. Xenon Pharmaceuticals Inc has a 52 week low of $2.35 and a 52 week high of $15.92.

Xenon Pharmaceuticals (NASDAQ:XENE) last issued its quarterly earnings data on Tuesday, November 6th. The biopharmaceutical company reported ($0.63) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.16). As a group, analysts forecast that Xenon Pharmaceuticals Inc will post -1.83 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. BidaskClub raised Xenon Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. Zacks Investment Research lowered Xenon Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $16.00 price objective on shares of Xenon Pharmaceuticals in a report on Friday, August 10th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $14.33.

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Xenon Pharmaceuticals Profile

Xenon Pharmaceuticals Inc, a clinical-stage biopharmaceutical company, engages in developing therapeutics to treat patients with neurological disorders in Canada. The company uses Extreme Genetics, a core enabling discovery platform for the discovery of validated drug targets by studying rare human diseases with extreme traits, including diseases caused by mutations in ion channels, known as channelopathies.

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Institutional Ownership by Quarter for Xenon Pharmaceuticals (NASDAQ:XENE)

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