Wedbush Securities Inc buys $2,851,121 stake in Celgene Corporation (CELG)

Celgene Corporation (CELG) : Wedbush Securities Inc scooped up 118 additional shares in Celgene Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 24,549 shares of Celgene Corporation which is valued at $2,851,121.Celgene Corporation makes up approximately 0.47% of Wedbush Securities Inc’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund reduced its stake in CELG by selling 36,529 shares or 26.97% in the most recent quarter. The Hedge Fund company now holds 98,923 shares of CELG which is valued at $11,488,917. Celgene Corporation makes up approx 0.25% of Oregon Public Employees Retirement Fund’s portfolio.Bank Of Hawaii reduced its stake in CELG by selling 619 shares or 5.49% in the most recent quarter. The Hedge Fund company now holds 10,655 shares of CELG which is valued at $1,237,472. Celgene Corporation makes up approx 0.13% of Bank Of Hawaii’s portfolio.Cg Asset Management reduced its stake in CELG by selling 175 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 65,490 shares of CELG which is valued at $7,080,124. Celgene Corporation makes up approx 2.72% of Cg Asset Management’s portfolio.Financial Architects Inc boosted its stake in CELG in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,767 shares of Celgene Corporation which is valued at $191,030. Celgene Corporation makes up approx 0.05% of Financial Architects Inc’s portfolio.Joel Isaacson reduced its stake in CELG by selling 91 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 15,062 shares of CELG which is valued at $1,619,466. Celgene Corporation makes up approx 0.33% of Joel Isaacson’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 Company’s 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.

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