Schwab Charles Investment Management Inc. boosted its holdings in shares of Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) by 5.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 204,129 shares of the biopharmaceutical company’s stock after buying an additional 10,811 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Lexicon Pharmaceuticals were worth $2,509,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in LXRX. Kornitzer Capital Management Inc. KS acquired a new position in Lexicon Pharmaceuticals during the 3rd quarter valued at about $9,420,000. State Street Corp increased its holdings in shares of Lexicon Pharmaceuticals by 19.9% in the second quarter. State Street Corp now owns 1,967,255 shares of the biopharmaceutical company’s stock valued at $32,363,000 after purchasing an additional 326,088 shares during the period. Voya Investment Management LLC increased its holdings in shares of Lexicon Pharmaceuticals by 21.7% in the second quarter. Voya Investment Management LLC now owns 875,577 shares of the biopharmaceutical company’s stock valued at $14,403,000 after purchasing an additional 156,345 shares during the period. Quantitative Investment Management LLC acquired a new position in shares of Lexicon Pharmaceuticals in the second quarter valued at about $2,304,000. Finally, FMR LLC increased its holdings in shares of Lexicon Pharmaceuticals by 0.9% in the second quarter. FMR LLC now owns 15,785,280 shares of the biopharmaceutical company’s stock valued at $259,668,000 after purchasing an additional 137,421 shares during the period.
A number of research analysts have recently weighed in on LXRX shares. Zacks Investment Research lowered Lexicon Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. ValuEngine lowered Lexicon Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Finally, Wedbush reissued an “outperform” rating on shares of Lexicon Pharmaceuticals in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $28.50.
Lexicon Pharmaceuticals, Inc. (NASDAQ LXRX) opened at $10.17 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.66 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $1,036.87, a PE ratio of -8.07 and a beta of 0.10. Lexicon Pharmaceuticals, Inc. has a 1-year low of $8.07 and a 1-year high of $18.00.
Lexicon Pharmaceuticals (NASDAQ:LXRX) last announced its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.07. The business had revenue of $26.94 million for the quarter, compared to analyst estimates of $27.97 million. Lexicon Pharmaceuticals had a negative return on equity of 111.68% and a negative net margin of 165.69%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.35) earnings per share. sell-side analysts anticipate that Lexicon Pharmaceuticals, Inc. will post -1.38 EPS for the current fiscal year.
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Lexicon Pharmaceuticals Company Profile
Lexicon Pharmaceuticals, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of breakthrough treatments for human disease. Its drug programs include XERMELO (telotristat ethyl), sotagliflozin, LX2761 and LX9211. It also has a number of additional compounds into various stages of clinical and preclinical development.
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