Celgene Corporation (CELG) : Obermeyer Wood Investment Counsel Lllp reduced its stake in Celgene Corporation by 12.28% during the most recent quarter end. The investment management company now holds a total of 897,658 shares of Celgene Corporation which is valued at $104,254,000 after selling 125,650 shares in Celgene Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Celgene Corporation makes up approximately 9.89% of Obermeyer Wood Investment Counsel Lllp’s portfolio.
Other Hedge Funds, Including , Intrust Bank Na reduced its stake in CELG by selling 6,977 shares or 41.28% in the most recent quarter. The Hedge Fund company now holds 9,923 shares of CELG which is valued at $1,152,457. Celgene Corporation makes up approx 0.45% of Intrust Bank Na’s portfolio.Investors Capital Advisory Services reduced its stake in CELG by selling 259 shares or 9.0% in the most recent quarter. The Hedge Fund company now holds 2,619 shares of CELG which is valued at $304,171. Celgene Corporation makes up approx 0.06% of Investors Capital Advisory Services’s portfolio.Prentiss Smith Co Inc reduced its stake in CELG by selling 748 shares or 6.52% in the most recent quarter. The Hedge Fund company now holds 10,726 shares of CELG which is valued at $1,203,350. Celgene Corporation makes up approx 0.65% of Prentiss Smith Co Inc’s portfolio.Benin Management Corp boosted its stake in CELG in the latest quarter, The investment management firm added 910 additional shares and now holds a total of 5,345 shares of Celgene Corporation which is valued at $543,907. Celgene Corporation makes up approx 0.28% of Benin Management Corp’s portfolio.Newman Dignan Sheerar boosted its stake in CELG in the latest quarter, The investment management firm added 2,560 additional shares and now holds a total of 6,251 shares of Celgene Corporation which is valued at $656,543. Celgene Corporation makes up approx 0.42% of Newman Dignan Sheerar’s portfolio.
Celgene Corporation closed down -1.9 points or -1.64% at $113.63 with 58,53,745 shares getting traded on Monday. Post opening the session at $115.49, the shares hit an intraday low of $112.75 and an intraday high of $115.53 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.
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.