New York State Teachers Retirement System Adjusts Its Investment in Incyte Corporation (INCY)

Advertisement

Incyte Corporation (NASDAQ:INCY).

New York State Teachers Retirement System reports that it bought 3,417 shares in the previous quarter increasing its stake in Incyte Corporation (INCY) by 1.3%. Its stake stood at $32,369,000 a decrease of $1,538,000 as of the end of the quarter.

These firms have also modified their investment in INCY. As of quarter end Van Eck Associates Corp had acquired a total of 15,199 shares growing its position 6.7%. The value of the investment in Incyte Corporation went from $30,520,000 to $30,662,000 a change of $142,000 quarter to quarter. As of the end of the quarter Artal Group S.a. had sold 125,000 shares trimming its stake by 38.5%. The value of the total investment in Incyte Corporation decreased from $43,443,000 to $25,182,000 decreasing 42.0% for the reporting period.

Proshare Advisors LLC bolstered its investment by buying 28,873 shares an increase of 18.2% as of 06/30/2017. Proshare Advisors LLC claims 187,793 shares with a value of $23,645,000. The value of the position overall is up by 11.3%.

August 2 investment analysts at Barclays made no change to the company rating of “Overweight” and raised the price target to $165.00 from $85.00.

In the market the company is trading up by 1.41% since yesterday’s close of $122.12. Shares of the company are trading at $123.84 quite a bit below the 50 day moving average of $131.29 and just a bit lower than the 200 day moving average of $129.35. The 50 day moving average was down $-7.10 or -5.40% whereas the 200 day moving average was down $-5.15 or -3.99%.

As of the latest earnings report the EPS was $-0.79 and is expected to be $-0.89 for the current year with 205,704,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.07 and the next full year EPS is projected to be $0.37.