Hillhouse Capital Management Ltd. Acquires 490,874 Shares of China Biologic Products, Inc. (CBPO)
Hillhouse Capital Management Ltd. grew its holdings in shares of China Biologic Products, Inc. (NASDAQ:CBPO) by 186.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 753,624 shares of the biopharmaceutical company’s stock after purchasing an additional 490,874 shares during the period. China Biologic Products comprises 1.3% of Hillhouse Capital Management Ltd.’s holdings, making the stock its 14th largest holding. Hillhouse Capital Management Ltd. owned 2.77% of China Biologic Products worth $85,235,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new position in shares of China Biologic Products during the 1st quarter worth approximately $156,000. Nomura Holdings Inc. acquired a new stake in shares of China Biologic Products in the first quarter valued at approximately $463,000. Jennison Associates LLC raised its position in shares of China Biologic Products by 0.8% in the second quarter. Jennison Associates LLC now owns 5,775 shares of the biopharmaceutical company’s stock valued at $653,000 after buying an additional 44 shares in the last quarter. AHL Partners LLP acquired a new stake in shares of China Biologic Products in the second quarter valued at approximately $842,000. Finally, First Trust Advisors LP raised its position in shares of China Biologic Products by 35.9% in the first quarter. First Trust Advisors LP now owns 11,561 shares of the biopharmaceutical company’s stock valued at $1,158,000 after buying an additional 3,053 shares in the last quarter. Hedge funds and other institutional investors own 72.82% of the company’s stock.
Shares of China Biologic Products, Inc. (CBPO) traded up 0.80% on Wednesday, hitting $96.46. The company had a trading volume of 314,155 shares. China Biologic Products, Inc. has a 1-year low of $88.25 and a 1-year high of $126.47. The company has a 50 day moving average price of $92.58 and a 200 day moving average price of $103.50. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 25.11 and a beta of 1.75.
China Biologic Products (NASDAQ:CBPO) last released its quarterly earnings data on Wednesday, August 2nd. The biopharmaceutical company reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The company had revenue of $89.28 million during the quarter, compared to the consensus estimate of $97.33 million. China Biologic Products had a net margin of 31.55% and a return on equity of 21.86%. China Biologic Products’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. On average, equities analysts forecast that China Biologic Products, Inc. will post $4.96 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $140.00 price target on shares of China Biologic Products in a research note on Monday, June 12th. BidaskClub downgraded China Biologic Products from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, Zacks Investment Research upgraded China Biologic Products from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $132.00.
China Biologic Products Company Profile
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