Celgene (NASDAQ:CELG) Stake Raised by Alliancebernstein LP
- Kelley Robertson
This buyback authorization permits the biopharmaceutical company to buy shares of its stock through open market purchases. The institutional investor held 97,843 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $10.21M, down from 112,249 at the end of the previous reported quarter. Celgene Corp has $67.25 billion market cap. The stock decreased 0.38% or $0.34 during the last trading session, reaching $89.4. Bb Biotech Ag holds 10.06% or 3.42 million shs. Inverness Counsel Limited Liability reported 1.13% in Celgene Corporation (NASDAQ:CELG). CELG underperformed by 42.83% the S&P 500.
Dana Investment Advisors Inc decreased Celgene Corp (CELG) stake by 15.25% reported in 2017Q4 SEC filing. Private Wealth Partners Llc sold 14,406 shares as the company's stock declined 19.30% with the market. The hedge fund run by Paul Reeder held 1.00 million shares of the medical specialities company at the end of 2017Q4, valued at $203.09 million, down from 1.50 million at the end of the previous reported quarter. The stock decreased 0.53% or $0.5 during the last trading session, reaching $93.08. The shares were acquired at an average cost of $91.90 per share, with a total value of $299,594.00. (NASDAQ:CVLY) has risen 14.41% since April 14, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.
Investors sentiment decreased to 0.83 in 2017 Q4. The firm has a market cap of $67,500.23, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.60 and a beta of 1.49. It dived, as 156 investors sold CELG shares while 478 reduced holdings. 118 funds took holdings and 411 increased holdings. Funds hold 561.38 million shares thus 7.06% less from 2017Q3's 603.99 million shares. Liberty Mutual Grp Asset Mngmt has invested 0.1% of its portfolio in Celgene Corporation (NASDAQ:CELG). After $0.35 actual earnings per share reported by Solar Senior Capital Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Majedie Asset Management has 0.33% invested in Celgene Corporation (NASDAQ:CELG). Pictet And Cie (Europe) Sa holds 199,112 shares or 2.94% of its portfolio. 110,330 were accumulated by Arvest Retail Bank Trust Division. 448.80 million shares or 0.57% less from 451.38 million shares in 2017Q3 were reported. Ccm Advisers Limited Liability has invested 0.21% of its capital in Celgene Corporation (NASDAQ:CELG). Moreover, Joel Isaacson And Co Ltd has 0.26% invested in Celgene Corporation (NASDAQ:CELG). Clear Harbor Asset Mngmt Ltd Liability Corporation holds 0.41% or 121,939 shares in its portfolio. Pub Employees Retirement Association Of Colorado holds 0.01% in Snap-on Incorporated (NYSE:SNA) or 9,983 shares. Waldron LP stated it has 0.09% in Celgene Corporation (NASDAQ:CELG).
CELG has been the topic of a number of recent analyst reports.
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In other Celgene news, insider Mark J. Alles purchased 3,260 shares of the firm's stock in a transaction on Thursday, February 8th. On Friday, February 23 the insider MARIO ERNEST sold $1.26 million. Sustainable Insight Capital Management LLC bought a new position in shares of Celgene during the 2nd quarter worth $1,636,000. Shares for $1.77M were sold by KAPLAN GILLA on Thursday, February 15. On Tuesday, February 13 the stock of Celgene Corporation (NASDAQ:CELG) earned "Buy" rating by Barclays Capital. Therefore 54% are positive. Celgene Corporation had 141 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley downgraded the stock to "Equal-Weight" rating in Monday, November 27 report. As per Friday, October 27, the company rating was maintained by Canaccord Genuity. Finally, Citigroup reaffirmed a "hold" rating on shares of Celgene in a research note on Friday, December 22nd. Vetr upgraded shares of Celgene from a "hold" rating to a "buy" rating and set a $129.47 price objective on the stock in a research note on Monday, November 21st. The rating was reinitiated by PiperJaffray on Monday, October 23 with "Neutral". The rating was upgraded by Stifel Nicolaus to "Buy" on Tuesday, March 6. The rating was maintained by Oppenheimer on Wednesday, June 14 with "Buy". In Monday, October 30 report Oppenheimer maintained it with "Outperform" rating and $166 target. 25,000 shares valued at $2.39M were sold by Boone Karen on Thursday, March 29.
Fisher Asset Management Ltd reported 231,106 shares stake. It also increased its holding in Alphabet Inc by 424 shares in the quarter, for a total of 24,842 shares, and has risen its stake in Costco Whsl Corp New (NASDAQ:COST).
Among 4 analysts covering Solar Senior Capital (NASDAQ:SUNS), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 38% are positive. Restoration Hardware Holdings had 99 analyst reports since July 31, 2015 according to SRatingsIntel. On Wednesday, April 4 the company was maintained by RBC Capital Markets. The firm has "Buy" rating by SunTrust given on Friday, October 20. Deutsche Bank maintained the stock with "Buy" rating in Thursday, July 13 report. (NYSE:C) rating on Tuesday, January 19. Barclays Capital has "Buy" rating and $105.0 target. (NYSE:C) has "Neutral" rating given on Monday, December 21 by Credit Suisse. The firm has "Hold" rating by Vertical Group given on Wednesday, January 17.
Investors sentiment decreased to 0.83 in Q4 2017. Its up 0.06, from 1.02 in 2017Q3. The SI to HEMPCO FOOD & FIBER INC ORDINARY SHA's float is 0.01%. Glg Prtnrs Lp holds 9,290 shares. Brighton Jones Ltd has 0.1% invested in Celgene Corporation (NASDAQ:CELG). (NYSE:XPO) by 160,080 shares in the quarter, leaving it with 1.69 million shares, and cut its stake in Servicenow Inc. Wells Fargo And Communications Mn, a California-based fund reported 1.84 million shares. Insiders own 0.95% of the company's stock. Stephens Incorporated Ar accumulated 355,970 shares. Ark Investment Management LLC now owns 1,599 shares of the biopharmaceutical company's stock valued at $208,000 after buying an additional 704 shares during the last quarter. Cornerstone Advisors Inc. now owns 1,320 shares of the biopharmaceutical company's stock valued at $138,000 after buying an additional 884 shares during the period. Texas Permanent School Fund holds 214,931 shares. Segall Bryant And Hamill owns 7,535 shares. (NYSE:UPS) or 5.00M shares. Motco invested in 435 shares. Solar Senior Capital Ltd now has $271.70 million valuation. They expect $3.38 earnings per share, up 22.02% or $0.61 from last year's $2.77 per share. If earnings per share of $1.78 is revealed the profit of CELG could be $1.34 billion giving it 12.56 P/E.
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