Celgene Corporation (CELG) : Isthmus Partners reduced its stake in Celgene Corporation by 1.36% during the most recent quarter end. The investment management company now holds a total of 56,075 shares of Celgene Corporation which is valued at $6,381,896 after selling 772 shares in Celgene Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Celgene Corporation makes up approximately 2.00% of Isthmus Partners’s portfolio.
Other Hedge Funds, Including , Silicon Valley Capital Partners reduced its stake in CELG by selling 96 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 12,360 shares of CELG which is valued at $1,406,692. Celgene Corporation makes up approx 1.03% of Silicon Valley Capital Partners’s portfolio.Daiwa Securities Group reduced its stake in CELG by selling 73,800 shares or 79.7% in the most recent quarter. The Hedge Fund company now holds 18,800 shares of CELG which is valued at $2,032,468. Celgene Corporation makes up approx 0.01% of Daiwa Securities Group’s portfolio.Dynamic Advisors Solutions reduced its stake in CELG by selling 193 shares or 6.7% in the most recent quarter. The Hedge Fund company now holds 2,688 shares of CELG which is valued at $289,014. Celgene Corporation makes up approx 0.11% of Dynamic Advisors Solutions’s portfolio.Kanaly Trust Co boosted its stake in CELG in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 787 shares of Celgene Corporation which is valued at $84,618. Celgene Corporation makes up approx 0.02% of Kanaly Trust Co’s portfolio.
Celgene Corporation opened for trading at $113.84 and hit $114.8 on the upside on Monday, eventually ending the session at $114.62, with a gain of 1.08% or 1.23 points. The heightened volatility saw the trading volume jump to 29,78,509 shares. Company has a market cap of $88,844 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.
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.