Celgene Corporation (CELG) : Bourne Lent Asset Management Inc reduced its stake in Celgene Corporation by 0.26% during the most recent quarter end. The investment management company now holds a total of 453,942 shares of Celgene Corporation which is valued at $49,075,670 after selling 1,205 shares in Celgene Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Celgene Corporation makes up approximately 36.28% of Bourne Lent Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Strs Ohio reduced its stake in CELG by selling 13,732 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 1,059,733 shares of CELG which is valued at $114,567,735. Celgene Corporation makes up approx 0.49% of Strs Ohio’s portfolio.Shell Asset Management Co boosted its stake in CELG in the latest quarter, The investment management firm added 28,163 additional shares and now holds a total of 139,629 shares of Celgene Corporation which is valued at $15,095,291. Celgene Corporation makes up approx 0.35% of Shell Asset Management Co’s portfolio.Strategic Advisors boosted its stake in CELG in the latest quarter, The investment management firm added 2,350 additional shares and now holds a total of 4,380 shares of Celgene Corporation which is valued at $458,236. Celgene Corporation makes up approx 0.26% of Strategic Advisors’s portfolio.Douglass Winthrop Advisors reduced its stake in CELG by selling 1,428 shares or 12.43% in the most recent quarter. The Hedge Fund company now holds 10,060 shares of CELG which is valued at $1,023,706. Celgene Corporation makes up approx 0.07% of Douglass Winthrop Advisors’s portfolio.Jacobs Coca boosted its stake in CELG in the latest quarter, The investment management firm added 925 additional shares and now holds a total of 18,447 shares of Celgene Corporation which is valued at $1,877,167. Celgene Corporation makes up approx 0.43% of Jacobs Coca’s portfolio.
Celgene Corporation opened for trading at $110.66 and hit $112.43 on the upside on Friday, eventually ending the session at $112.19, with a gain of 0.84% or 0.93 points. The heightened volatility saw the trading volume jump to 54,86,248 shares. Company has a market cap of $86,903 M.
On the company’s financial health, Celgene Corporation reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.39. The company had revenue of $2754.00 million for the quarter, compared to analysts expectations of $2709.02 million. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.
Many Wall Street Analysts have commented on Celgene Corporation. Stifel Initiated Celgene Corporation on Jul 15, 2016 to “Buy”, Price Target of the shares are set at $138.Company shares were Reiterated by Sun Trust Rbsn Humphrey on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 147 from a previous price target of $145 .
Celgene Corporation (Celgene) together with its subsidiaries is an integrated biopharmaceutical company engaged primarily in the discovery development and commercialization of therapies for the treatment of cancer and inflammatory diseases through gene and protein regulation. The Companys primary commercial stage products include REVLIMID (lenalidomide) ABRAXANE POMALYST/IMNOVID VIDAZA azacitidine for injection (generic version of VIDAZA) THALOMID (sold as THALOMID or Thalidomide Celgene outside the United States) OTEZLA (apremilast) and ISTODAX (romidepsin). Celgene is involved in research in a range of scientific areas designed to deliver therapies targeting areas including intracellular signaling pathways protein homeostasis and epigenetics in cancer and immune cells immunomodulation in cancer and autoimmune diseases and therapeutic application of cell therapies.