Money

Logan Capital Management Inc. Boosts Stake in Celgene Co. (CELG)

April 02, 2018 13:45·

Vanguard Group Inc. now owns 53,527,210 shares of the biopharmaceutical company's stock worth $6,951,579,000 after purchasing an additional 1,610,056 shares during the period. The firm owned 99,129 shares of the biopharmaceutical company's stock after acquiring an additional 2,335 shares during the quarter. The company has market cap of $201.00 million. The stock increased 3.21% or $0.35 during the last trading session, reaching $11.25. About 3.83 million shares traded.

Analysts await Celgene Corporation (NASDAQ:CELG) to report earnings on April, 26. It has underperformed by 11.55% the S&P500.

Hikari Power Ltd increased Celgene Corp (CELG) stake by 25.38% reported in 2017Q4 SEC filing. Baldwin Inv Mgmt Ltd Liability Company stated it has 19,960 shares. The institutional investor held 32,389 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $3.38 million, up from 21,904 at the end of the previous reported quarter. Rhumbline Advisers who had been investing in Celgene Corp Com for a number of months, seems to be less bullish one the $67.10B market cap company. About 47,790 shares traded or Infinity% up from the average. The stock has a market cap of $67,101.63, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 0.60 and a beta of 1.58. It has underperformed by 42.83% the S&P500. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Therefore 55% are positive. Celgene Corporation had 140 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Friday, October 13 with "Market Perform". The rating was downgraded by Credit Suisse to "Neutral" on Monday, June 27. The company was maintained on Tuesday, October 18 by Morgan Stanley. The firm earned "Hold" rating on Tuesday, December 6 by Evercore. The company was downgraded on Friday, January 5 by Bank of America. The stock of Celgene Corporation (NASDAQ:CELG) earned "Buy" rating by UBS on Friday, November 6. The rating was upgraded by Keefe Bruyette & Woods on Tuesday, February 13 to "Buy". Finally, Oppenheimer set a $166.00 target price on Celgene and gave the stock a "buy" rating in a research note on Thursday, December 14th. Cowen & Co maintained Celgene Corporation (NASDAQ:CELG) on Thursday, July 27 with "Buy" rating.

Edinburgh Partners Ltd, which manages about $378.76M US Long portfolio, decreased its stake in Credicorp Ltd (NYSE:BAP) by 8,800 shares to 185,000 shares, valued at $38.38 million in 2017Q4, according to the filing. It also reduced its holding in S&P Global Inc by 31,901 shares in the quarter, leaving it with 169,881 shares, and cut its stake in E Trade Financial Corp (NASDAQ:ETFC).

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Since February 8, 2018, it had 1 insider buy, and 3 selling transactions for $3.58 million activity. The insider KAPLAN GILLA sold 18,500 shares worth $1.77 million. Also, Director Ernest Mario sold 13,370 shares of the business's stock in a transaction on Friday, February 23rd. 3,260 shares were bought by Alles Mark J, worth $299,594.

Celgene earned a daily sentiment score of 0.17 on Accern's scale. It's up 0.82, from 1 in 2017Q3. It fall, as 156 investors sold CELG shares while 478 reduced holdings. Fort Pitt Capital Group LLC raised its stake in shares of Celgene by 0.6% in the 2nd quarter. 561.38 million shares or 7.06% less from 603.99 million shares in 2017Q3 were reported. First Dallas invested in 0.18% or 2,663 shares. Toronto Dominion Savings Bank invested in 511,361 shares. Sfe Counsel accumulated 1,400 shares. Community Natl Bank Na holds 0.05% or 4,360 shares. (NASDAQ:NFLX). Metropolitan Life Insur Ny holds 0.21% of its portfolio in Netflix, Inc. Busey Tru has 0.76% invested in Celgene Corporation (NASDAQ:CELG) for 57,078 shares. Montag A And Associates Inc has invested 0.05% in Celgene Corporation (NASDAQ:CELG). Price Capital Mngmt Inc has 0.03% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 6,100 shares. Piper Jaffray restated a "hold" rating on shares of Celgene in a research note on Sunday, December 10th. Signature Est Advsrs Limited Liability Corp owns 1,371 shares or 0.01% of their United States portfolio. Washington accumulated 135,085 shares or 0.79% of the stock. Bb&T invested 0.04% in Celgene Corporation (NASDAQ:CELG). C&J Energy Svcs Inc New was reduced too.

Investors sentiment increased to 4.4 in 2017 Q4. Its down 0.22, from 0.88 in 2017Q3. Waddell & Reed invested in 900,760 shares. 107 funds opened positions while 281 raised stakes. Boston Family Office Limited Liability reported 136,085 shares. Following the transaction, the director now directly owns 94,801 shares of the company's stock, valued at $9,099,947.99. Kepos Capital LP invested in 0.43% or 45,472 shares. (NASDAQ:NFLX) for 360,250 shares. (NASDAQ:NFLX) for 1,054 shares. Blair William Il reported 689,979 shares. Rnc Cap Mngmt Limited Liability Corporation holds 0.04% or 5,270 shares in its portfolio. Wetherby Asset Management Inc.'s holdings in Celgene Corp. were worth $1,204,000 at the end of the most recent reporting period. Legacy Private Trust Com invested 0.47% in Celgene Corporation (NASDAQ:CELG). (NASDAQ:PEP). Moreover, Fragasso Gp Inc has 0.39% invested in PepsiCo, Inc. (NASDAQ:NFLX) for 84,007 shares. Raymond James reported 0% stake. Hsbc Public Limited Liability Corporation reported 78,452 shares stake. Profund Advsr Lc owns 341,995 shares or 1.38% of their U.S. portfolio. (NASDAQ:PEP). Whitnell And holds 24,060 shares. Deutsche Fincl Bank Ag reported 0.01% in Universal Display Corporation (NASDAQ:OLED). Celgene's quarterly revenue was up 16.9% compared to the same quarter past year. PEP's profit will be $1.32 billion for 29.34 P/E if the $0.93 EPS becomes a reality. The biopharmaceutical company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.10.

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