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Hodges Capital Management Inc. Sells 6,887 Shares of Amgen Inc. $AMGN
Hodges Capital Management Inc. significantly reduced its stake in Amgen Inc. (NASDAQ:AMGN) by 58.6% in the third quarter, selling 6,887 shares and retaining 4,863 shares valued at $1.372 million. This move comes as Amgen reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, and increased its quarterly dividend. The stock currently holds a “Moderate Buy” consensus rating from analysts, with several firms raising their price targets.