Exelixis, Inc. (NASDAQ:EXEL).
Meditor Group Ltd reports that it decreased its stake in Exelixis, Inc. shares by 2,812,975 shares as reported in a filing on 10/24/2017. Its stake stood at $422,007,000 a decrease of 15.3% as of the end of the quarter.
Here are a few institutional investors who have updated their positions. As of quarter end Creative Planning had disposed of a total of 151 shares trimming its stake by 0.2%. The value of the total investment in Exelixis, Inc. went from $2,279,000 to $2,239,000 decreasing 1.8% since the last quarter. As of the end of the quarter Quadrant Capital Group LLC had sold 1,228 shares trimming its position 97.8%. The value of the investment in (EXEL) decreased from $30,000 to $0 a change of $30,000 quarter to quarter.
Meeder Asset Management Inc grew its position by buying 74 shares an increase of 30.8% as of 09/30/2017. Meeder Asset Management Inc now holds 314 shares valued at $8,000. The total value of its holdings increased 33.3%.
On August 3 the company was set at “Hold” in a report from Deutsche Bank which is down from the previous “Buy” rating. On September 15, 2017 RBC Capital starting coverage on EXEL with an initial rating of “Outperform”.
On September 22 the stock rating was downgraded from “Outperform” to “Market Perform” by analysts at Leerink Swann.
The company is trading down since yesterday’s close of 27.17. Shares are trading at $26.98 which is marginally higher than $26.20, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $24.24. The 50 day moving average went up by +2.96% and the 200 day average went up by +11.31%.
Exelixis, Inc. currently has a P/E ratio of 136.26 and the market cap is 7.93B. As of the latest earnings report the EPS was $0.20 and is estimated to be $0.28 for the current year with 293,904,000 shares outstanding. Next quarter’s EPS is forecasted at $0.09 with next year’s EPS anticipated to be $0.67.
Short traders are more bearish on Exelixis, Inc. of late if you take note of the increase in short interest. The stock had a rise in short interest from September 15, 2017 to September 29, 2017 of 8.25%. Short shares grew 1,522,417 over that timeframe. Days to cover increased from 4.0 to 5.0 and the percentage of shorted shares is 0.07% as of September 29.