New York State Common Retirement Fund grew its holdings in shares of The Medicines Company (NASDAQ:MDCO) by 36.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 254,492 shares of the company’s stock after acquiring an additional 68,195 shares during the period. New York State Common Retirement Fund owned about 0.34% of The Medicines worth $4,871,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MDCO. Oregon Public Employees Retirement Fund acquired a new stake in shares of The Medicines during the fourth quarter worth $25,000. Bank of Montreal Can increased its position in shares of The Medicines by 31.9% during the fourth quarter. Bank of Montreal Can now owns 3,139 shares of the company’s stock worth $59,000 after buying an additional 760 shares during the period. First Mercantile Trust Co. increased its position in shares of The Medicines by 21.6% during the fourth quarter. First Mercantile Trust Co. now owns 3,965 shares of the company’s stock worth $76,000 after buying an additional 705 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of The Medicines by 61.1% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,990 shares of the company’s stock worth $125,000 after buying an additional 2,651 shares during the period. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of The Medicines during the fourth quarter worth $232,000.

Several equities research analysts have recently weighed in on MDCO shares. BidaskClub upgraded shares of The Medicines from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of The Medicines from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Goldman Sachs Group started coverage on shares of The Medicines in a research report on Thursday, December 13th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Wolfe Research started coverage on shares of The Medicines in a research report on Friday, December 14th. They set an “outperform” rating for the company. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $45.00.

In other The Medicines news, Director Alexander J. Denner acquired 325,000 shares of The Medicines stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $25.45 per share, for a total transaction of $8,271,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Timney acquired 26,863 shares of The Medicines stock in a transaction dated Monday, December 17th. The shares were acquired at an average price of $18.60 per share, with a total value of $499,651.80. Following the completion of the acquisition, the chief executive officer now directly owns 26,863 shares of the company’s stock, valued at $499,651.80. The disclosure for this purchase can be found here. Insiders acquired 856,389 shares of company stock valued at $20,246,298 over the last 90 days. Corporate insiders own 10.29% of the company’s stock.

NASDAQ:MDCO opened at $27.13 on Friday. The company has a quick ratio of 5.03, a current ratio of 5.05 and a debt-to-equity ratio of 31.23. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -9.32 and a beta of 1.29. The Medicines Company has a 12 month low of $16.69 and a 12 month high of $41.57.

The Medicines (NASDAQ:MDCO) last posted its quarterly earnings results on Wednesday, February 27th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.05). The Medicines had a negative return on equity of 2,119.03% and a negative net margin of 668.93%. During the same quarter last year, the firm earned ($0.61) earnings per share. As a group, research analysts anticipate that The Medicines Company will post -1.64 EPS for the current year.

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About The Medicines

The Medicines Company, a biopharmaceutical company, provides medicines to treat acute and intensive care patients. The company markets Angiomax, an intravenous direct thrombin inhibitor used as an anticoagulant in combination with aspirin in patients with unstable angina undergoing percutaneous transluminal coronary angioplasty, and for patients undergoing percutaneous coronary intervention in the United States.

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Institutional Ownership by Quarter for The Medicines (NASDAQ:MDCO)

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