Teva Pharmaceutical Industries (TEVA) Holdings Increased by Sg Americas Securities, LLC

Posted August 05, 2017

Moreover, Daruma Capital Management Llc has 2.81% invested in the company for 1.04 million shares.

Teva Pharmaceutical Industries Limited (TEVA) opened at 23.75 on Friday.

Teva Pharmaceutical Industries Limited (TEVA) has the market capitalization of $24.4 Billion.

Several hedge funds have recently made changes to their positions in the company.

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Henderson Group Plc increased its stake in Teva Pharmaceutical Inds Ltd (TEVA) by 3.23% based on its latest 2016Q4 regulatory filing with the SEC.

For the Current Quarter, the growth estimate for Teva Pharmaceutical Industries Limited is -15.2%, while for the Next Quarter the stock growth estimate is -4.6%.

Shares of Teva, whose primary listing is on the Tel Aviv Stock Exchange, were down 18% at 91.50 Israeli shekels on Thursday afternoon. Teva slashed its dividend by 75 percent from the last quarter to 8.5 cents per share. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in Teva Pharmaceutical Industries Limited by 21.3% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 3,900 shares of the company's stock worth $125,000 after buying an additional 100 shares during the period.

Shares of Teva Pharmaceutical Industries (NYSE TEVA) traded down 24.00% during midday trading on Friday, reaching $23.75. The company has a 50 day moving average price of $32.05 and a 200-day moving average price of $32.28.

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Teva Pharmaceutical Industries Limited (TEVA) has broken the wide and weak rising short-term trend down.

Given the disappointing quarterly results, slashed dividend, hard operating conditions, and lowered guidance, it is easy to understand why traders are mauling the company's stock today. This is an increase of approximately 864% compared to the typical daily volume of 6,922 put options. Bank Hapoalim BM increased its position in Teva Pharmaceutical Industries Limited by 9.2% in the first quarter. The market was so bad, that Teva took a $6.1 billion impairment charge related to the USA generics reporting unit for the quarter. The firm had revenue of $5.69 billion during the quarter, compared to analyst estimates of $5.72 billion. In the second quarter, profit, excluding some costs, dropped to $1 billion from $1.23 billion a year earlier. During the same quarter in the previous year, the business earned $1.25 EPS. During the same period in the prior year, the company posted $1.20 earnings per share.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and global copyright laws. The correct version of this report can be viewed at https://www.themarketsdaily.com/2017/08/04/teva-pharmaceutical-industries-limited-teva-pt-set-at-27-00-by-cantor-fitzgerald.html. Teva Pharma had 70 analyst reports since July 21, 2015 according to SRatingsIntel. Vetr downgraded shares of Teva Pharmaceutical Industries Limited from a "hold" rating to a "sell" rating and set a $31.05 price objective on the stock.in a report on Thursday, June 22nd. Maxim Group maintained Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) rating on Monday, February 13.

After the taking short look at recent activity of Teva Pharmaceutical Industries Limited (TEVA) it is noted that TEVA delivered a decrease of -23.04% return in current trading session.

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Teva Pharmaceutical Industries Limited (NYSE:TEVA)'s stock has performed at -34.48% year to date. One investment analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. (NYSE:NWL). At the time of writing, the First Call consensus price target for the company is $58.76. Teva Pharmaceutical Inds now has $32.36B valuation.