Economy

Celgene Corporation (CELG) Shares Sold by 1832 Asset Management LP, Report finds

Bender Robert & Associates decreased Celgene Corp (CELG) stake by 3.01% reported in 2016Q4 SEC filing. Gruss And Company invested in 0.25% or 2,000 shares. 587.86 million shares or 1.69% more from 578.10 million shares in 2016Q3 were reported.

Celgene Corporation (NASDAQ:CELG) last announced its quarterly earnings results on Thursday, July 27th. It has outperformed by 94.41% the S&P500. Finemark Natl Bank reported 13,096 shares. The Company also markets ISTODAX, which is an epigenetic modifier. The stock increased 0.16% or $0.01 during the last trading session, reaching $6.29. About 138,907 shares traded. Intel Corporation (INTC) has risen 19.47% since September 14, 2016 and is uptrending. It has underperformed by 9.02% the S&P500. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the company's stock. Therefore 67% are positive. Grifols SA had 7 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was upgraded by Susquehanna on Monday, March 21 to "Positive". The company has a market capitalization of $110.45 billion, a price-to-earnings ratio of 43.72 and a beta of 1.89. The rating was reinitiated by Credit Suisse with "Outperform" on Tuesday, March 22. Stifel Nicolaus initiated the stock with "Buy" rating in Friday, July 15 report. As per Tuesday, September 20, the company rating was maintained by Canaccord Genuity. The company was initiated on Tuesday, November 29 by Atlantic Securities. The firm has "Hold" rating given on Wednesday, November 9 by Standpoint Research. Finally, Canaccord Genuity set a $156.00 price target on Celgene Corporation and gave the stock a "buy" rating in a research note on Monday, May 22nd.

Investors sentiment increased to 1.34 in 2016 Q4. Its down 0.15, from 1.1 in 2016Q3. It increased, as 57 investors sold CELG shares while 470 reduced holdings.

Many hedge fund investors and investment firms lately purchased or disposed their positions in the share. Essex Financial Inc invested in 0.7% or 28,072 shares. Steinberg Global Asset Management has an ownership of 6,594 stocks of the biopharmaceutical firms shares valued at $820,000 following acquiring an extra 39 stocks in the previous period. investment firms and many large funds has an ownership of 79.43% of the firms stock. Riggs Asset Managment Co. State Street Corp now owns 32,473,417 shares of the biopharmaceutical company's stock valued at $4,040,668,000 after purchasing an additional 723,844 shares during the period. Eventide Asset Mgmt Llc invested in 2.3% or 305,300 shares. The Wyoming-based Friess Associates Limited Liability Company has invested 0% in Sherwin-Williams Co (NYSE:SHW). Cetera Advsrs Ltd Limited Liability Company reported 24,213 shares or 0.21% of all its holdings. The stock declined 0.27% or $0.38 reaching $140.88 per share. Indiana Inv Management holds 17,291 shares or 1.04% of its portfolio. First Midwest Bancshares Division reported 0.19% stake. The California-based Lateef Investment Mngmt Lp has invested 5.89% in Celgene Corporation (NASDAQ:CELG). Greatmark Investment Inc reported 1,020 shares or 0.12% of all its holdings. VESSEY RUPERT had sold 4,785 shares worth $575,038. The average stock price target is $136.82 with 10 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell. Shares for $625,000 were sold by Friedman Michael A on Saturday, June 17.

In other news, insider Robert J. Hugin sold 175,970 shares of the company's stock in a transaction that occurred on Thursday, June 22nd.

Melvin Capital Management Lp, which manages about $3.85 billion US Long portfolio, decreased its stake in Deere & Co (Call) (NYSE:DE) by 300,000 shares to 300,000 shares, valued at $30.91M in 2016Q4, according to the filing. Earnest Partners Lc stated it has 0% in Celgene Corporation (NASDAQ:CELG). The biopharmaceutical company reported $1.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.21. Bank of New York Mellon Corp lifted its stake in shares of Celgene Corporation by 4.9% in the first quarter.

COPYRIGHT VIOLATION WARNING: "Celgene Corporation (CELG) Holdings Trimmed by Welch Capital Partners LLC NY" was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. Weatherstone Cap Mngmt stated it has 0.19% of its portfolio in Celgene Corporation (NASDAQ:CELG). CASEY MICHAEL D also sold $1.16M worth of Celgene Corporation (NASDAQ:CELG) shares. Therefore 85% are positive. The company posted earnings of $3.27 B for the period end, compared to analysts' anticipations of $3.23 B. Celgene Corporation had a ROE of 68.51% and a net profit margin of 21.35%. The firm has "Buy" rating given on Wednesday, September 9 by Jefferies. Cantor Fitzgerald maintained Celgene Corporation (NASDAQ:CELG) rating on Thursday, July 6. Leerink Swann upgraded Celgene Corporation (NASDAQ:CELG) on Friday, June 16 to "Outperform" rating. The stock has "Buy" rating by Suntrust Robinson on Thursday, January 7. The firm has "Buy" rating given on Thursday, February 25 by Citigroup. The rating was downgraded by BTIG Research on Wednesday, June 1 to "Neutral".

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