EFG International AG Makes New $1.05 Million Investment in BioMarin Pharmaceutical Inc. $BMRN

Key Points

• EFG International AG acquired 18,400 BioMarin shares in the second quarter, valued at approximately $1.05 million. Institutional investors and hedge funds collectively own 98.71% of BMRN.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $88.79, despite some recent target-price reductions.
• BioMarin exceeded quarterly expectations, reporting $1.20 in adjusted EPS versus a $0.95 estimate and $989.71 million in revenue, up 20% year over year.

EFG International AG bought a new stake in shares of BioMarin Pharmaceutical Inc. (NASDAQ:BMRN - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 18,400 shares of the biotechnology company's stock, valued at approximately $1,054,000.

Several other institutional investors have also bought and sold shares of BMRN. NewEdge Advisors LLC boosted its stake in shares of BioMarin Pharmaceutical by 11.5% in the 1st quarter. NewEdge Advisors LLC now owns 3,769 shares of the biotechnology company's stock valued at $266,000 after purchasing an additional 388 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of BioMarin Pharmaceutical by 207.4% during the first quarter. Empowered Funds LLC now owns 12,023 shares of the biotechnology company's stock worth $850,000 after buying an additional 8,112 shares in the last quarter. Focus Partners Wealth increased its holdings in BioMarin Pharmaceutical by 70.2% during the 1st quarter. Focus Partners Wealth now owns 11,817 shares of the biotechnology company's stock valued at $835,000 after purchasing an additional 4,876 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of BioMarin Pharmaceutical by 33.0% in the second quarter. Sivia Capital Partners LLC now owns 4,439 shares of the biotechnology company's stock valued at $244,000 after buying an additional 1,102 shares in the last quarter. Finally, Invesco Ltd. increased its position in BioMarin Pharmaceutical by 23.5% in the 2nd quarter. Invesco Ltd. now owns 618,835 shares of the biotechnology company's stock valued at $34,017,000 after acquiring an additional 117,617 shares in the last quarter. Institutional investors and hedge funds own 98.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BMRN shares. Morgan Stanley upped their target price on shares of BioMarin Pharmaceutical from $119.00 to $124.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. UBS Group set a $88.00 price target on shares of BioMarin Pharmaceutical in a report on Wednesday. Wall Street Zen upgraded shares of BioMarin Pharmaceutical from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Sanford C. Bernstein reduced their price objective on BioMarin Pharmaceutical from $94.00 to $82.00 and set an "outperform" rating on the stock in a report on Tuesday, May 5th. Finally, Bank of America decreased their price objective on BioMarin Pharmaceutical from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.79.

BioMarin Pharmaceutical Stock Performance

Shares of NASDAQ:BMRN opened at $65.61 on Thursday. The company has a current ratio of 2.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. BioMarin Pharmaceutical Inc. has a 1-year low of $49.26 and a 1-year high of $70.98. The stock has a market capitalization of $12.70 billion, a P/E ratio of 177.32, a P/E/G ratio of 0.47 and a beta of 0.24. The business has a 50-day moving average price of $61.29 and a two-hundred day moving average price of $58.05.

BioMarin Pharmaceutical (NASDAQ:BMRN - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The biotechnology company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. The company had revenue of $989.71 million during the quarter, compared to analysts' expectations of $932.03 million. BioMarin Pharmaceutical had a net margin of 2.14% and a return on equity of 5.32%. BioMarin Pharmaceutical's revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 EPS. BioMarin Pharmaceutical has set its FY 2026 guidance at 4.900-5.100 EPS. Equities analysts predict that BioMarin Pharmaceutical Inc. will post 4.1 earnings per share for the current year.

About BioMarin Pharmaceutical

BioMarin Pharmaceutical Inc is a biopharmaceutical company specializing in the development and commercialization of therapies for rare genetic and metabolic diseases. The company focuses on addressing unmet medical needs by leveraging enzyme replacement therapy, small molecule pharmacological chaperones and gene therapy technologies. Headquartered in Novato, California, BioMarin operates research and development facilities in the United States and Europe.

The company's commercial portfolio includes several approved therapies targeting inherited disorders.

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