Nordea Investment Management AB acquired a new position in Bioverativ Inc (NASDAQ:BIVV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,379 shares of the biotechnology company’s stock, valued at approximately $2,133,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. purchased a new stake in Bioverativ in the 3rd quarter worth approximately $137,000. TCI Wealth Advisors Inc. purchased a new stake in Bioverativ in the 3rd quarter worth approximately $186,000. Canada Pension Plan Investment Board purchased a new stake in Bioverativ in the 3rd quarter worth approximately $194,000. ACG Wealth purchased a new stake in Bioverativ in the 3rd quarter worth approximately $205,000. Finally, Roberts Glore & Co. Inc. IL purchased a new stake in Bioverativ in the 3rd quarter worth approximately $232,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Bioverativ Inc (BIVV) opened at $50.71 on Friday. Bioverativ Inc has a 52-week low of $40.00 and a 52-week high of $64.41.

Bioverativ (NASDAQ:BIVV) last announced its earnings results on Thursday, October 26th. The biotechnology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.25. Bioverativ had a return on equity of 69.03% and a net margin of 40.44%. The firm had revenue of $291.60 million for the quarter, compared to analyst estimates of $285.45 million. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. equities research analysts expect that Bioverativ Inc will post 2.45 EPS for the current year.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Bioverativ from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Morgan Stanley restated an “underweight” rating and issued a $47.00 price objective (up previously from $45.00) on shares of Bioverativ in a research report on Friday, October 6th. Piper Jaffray Companies restated an “overweight” rating and issued a $71.00 price objective on shares of Bioverativ in a research report on Monday, October 23rd. Royal Bank Of Canada began coverage on Bioverativ in a research report on Thursday, September 14th. They set a “sector perform” rating and a $59.00 target price on the stock. Finally, Evercore ISI began coverage on Bioverativ in a research report on Wednesday, August 16th. They set an “in-line” rating and a $58.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Bioverativ presently has a consensus rating of “Hold” and an average price target of $60.93.

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About Bioverativ

Bioverativ Inc (Bioverativ) is a biotechnology company. The Company is focused on the discovery, research, development and commercialization of therapies for the treatment of hemophilia and other blood disorders. It markets approximately two products, including ELOCTATE [Antihemophilic Factor (Recombinant), Fc Fusion Protein], and ALPROLIX [Coagulation Factor IX (Recombinant), Fc Fusion Protein], extended half-life clotting-factor therapies for the treatment of hemophilia A and hemophilia B, respectively.

Institutional Ownership by Quarter for Bioverativ (NASDAQ:BIVV)

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