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Regeneron Pharmaceuticals, Inc. $REGN Shares Sold by Seizert Capital Partners LLC
Seizert Capital Partners LLC reduced its holdings in Regeneron Pharmaceuticals (NASDAQ:REGN) by 4.1% in the fourth quarter, selling 4,085 shares and retaining 94,705 shares valued at approximately $73.1 million. Despite a strong Q1 revenue increase and a $3 billion buyback announcement, Regeneron’s shares fell due to a 10% decrease in net income year-over-year and mixed analyst reactions, including both price target upgrades and downgrades. Insider selling by Director Arthur F. Ryan and SVP Jason Pitofsky also occurred, totaling nearly $3 million in the last three months.