Rhumbline Advisers Cuts Position in Regeneron Pharmaceuticals, Inc. $REGN

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Rhumbline Advisers recently decreased its stake in Regeneron Pharmaceuticals (NASDAQ:REGN) by 1.6% in the third quarter, selling 2,658 shares to now own 168,001 shares valued at $94.46 million. Despite this reduction by one institutional investor, others like CoreCap Advisors, Strait & Sound Wealth Management, Parkside Financial Bank & Trust, Independence Bank of Kentucky, and Redwood Wealth Management Group increased their holdings in REGN. The company also reported strong quarterly earnings, beating analyst estimates, and increased its quarterly dividend.

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