Highlander Capital Management LLC increased its stake in Bristol-Myers Squibb Co (NYSE:BMY) by 304.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,924 shares of the biopharmaceutical company’s stock after buying an additional 16,500 shares during the quarter. Highlander Capital Management LLC’s holdings in Bristol-Myers Squibb were worth $1,360,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of BMY. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Bristol-Myers Squibb in the first quarter valued at about $101,000. Institutional & Family Asset Management LLC bought a new stake in shares of Bristol-Myers Squibb in the first quarter valued at about $106,000. Delphi Private Advisors LLC bought a new stake in shares of Bristol-Myers Squibb in the fourth quarter valued at about $108,000. Centerpoint Advisors LLC raised its holdings in shares of Bristol-Myers Squibb by 373.1% in the first quarter. Centerpoint Advisors LLC now owns 1,774 shares of the biopharmaceutical company’s stock valued at $112,000 after acquiring an additional 1,399 shares in the last quarter. Finally, NuWave Investment Management LLC bought a new stake in shares of Bristol-Myers Squibb in the fourth quarter valued at about $119,000. Institutional investors own 71.37% of the company’s stock.
Shares of Bristol-Myers Squibb traded down $0.03, hitting $53.43, during trading hours on Thursday, MarketBeat reports. 26,783 shares of the company’s stock were exchanged, compared to its average volume of 8,464,142. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.52 and a quick ratio of 1.39. The company has a market cap of $86.83 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.39 and a beta of 0.95. Bristol-Myers Squibb Co has a fifty-two week low of $49.96 and a fifty-two week high of $70.05.
In other news, Director Dinesh C. Paliwal purchased 4,770 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The stock was purchased at an average cost of $52.40 per share, for a total transaction of $249,948.00. Following the completion of the transaction, the director now owns 8,027 shares of the company’s stock, valued at $420,614.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by insiders.
BMY has been the subject of several recent research reports. Citigroup set a $78.00 price objective on Bristol-Myers Squibb and gave the company a “buy” rating in a report on Friday, February 16th. Argus reiterated a “buy” rating and issued a $66.43 target price (down previously from $75.00) on shares of Bristol-Myers Squibb in a research note on Wednesday, March 21st. TheStreet lowered Bristol-Myers Squibb from a “b” rating to a “c+” rating in a research note on Thursday, March 8th. Morgan Stanley lowered Bristol-Myers Squibb from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $54.08 to $58.00 in a research note on Tuesday, April 17th. Finally, Barclays cut their target price on Bristol-Myers Squibb from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, April 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $62.84.
Bristol-Myers Squibb Company Profile
Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical products worldwide. The company offers drugs in the various therapeutic classes, such as oncology; cardiovascular; immunoscience; and virology, including human immunodeficiency virus (HIV) infection.
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