Royal Bank of Canada Has $177,000 Holdings in Xenon Pharmaceuticals Inc. (XENE)
Royal Bank of Canada continued to hold its position in Xenon Pharmaceuticals Inc. (NASDAQ:XENE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,173 shares of the biopharmaceutical company’s stock at the end of the second quarter. Royal Bank of Canada owned about 0.31% of Xenon Pharmaceuticals worth $177,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. KCG Holdings Inc. purchased a new position in Xenon Pharmaceuticals during the 1st quarter worth $122,000. K2 Principal Fund L.P. boosted its holdings in Xenon Pharmaceuticals by 40.6% during the 2nd quarter. K2 Principal Fund L.P. now owns 164,510 shares of the biopharmaceutical company’s stock worth $518,000 after acquiring an additional 47,535 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Xenon Pharmaceuticals by 90.1% during the 1st quarter. Renaissance Technologies LLC now owns 217,090 shares of the biopharmaceutical company’s stock worth $868,000 after acquiring an additional 102,890 shares during the last quarter. 55.47% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on XENE. Jefferies Group LLC set a $5.00 price objective on shares of Xenon Pharmaceuticals and gave the stock a “buy” rating in a report on Friday, August 4th. Zacks Investment Research raised shares of Xenon Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Thursday, October 5th.
Xenon Pharmaceuticals Inc. (XENE) opened at $2.30 on Friday. Xenon Pharmaceuticals Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $9.95.
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Xenon Pharmaceuticals Company Profile
Xenon Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company. It is engaged in discovering and developing a pipeline of differentiated therapeutics for orphan indications. Its product pipeline includes: Glybera, TV-45070, GDC-0310, XEN901 (Nav1.6 inhibitor) and XEN1101. Glybera is used for the treatment of lipoprotein lipase deficiency (LPLD).
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