(NASDAQ:CELG) Shares Bought by SeaBridge Investment Advisors LLC

Kenny Tucker
March 11, 2018

Westchester Capital Management Llc sold 5.15M shares as the company's stock declined 41.75% while stock markets rallied. The hedge fund held 135,349 shares of the consumer services company at the end of 2017Q3, valued at $3.53 million, down from 325,112 at the end of the previous reported quarter. Westchester Capital Management Llc who had been investing in Rite Aid Corp. for a number of months, seems to be less bullish one the $1.85 billion market cap company. The stock increased 2.89% or $0.71 during the last trading session, reaching $25.3. About 26.72 million shares traded. Suburban Propane Partners, L.P. (NYSE:SPH) has declined 28.60% since March 11, 2017 and is downtrending. It has underperformed by 8.03% the S&P500.

Birchview Capital Lp decreased its stake in Celgene Corp (CELG) by 1.81% based on its latest 2017Q3 regulatory filing with the SEC. Insiders have sold a total of 31,870 shares of company stock worth $3,028,416 over the last quarter. The institutional investor held 127,000 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $18.52 million, down from 165,000 at the end of the previous reported quarter. The stock increased 1.50% or $1.365 during the last trading session, reaching $92.555. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since March 9, 2017 and is uptrending. It has outperformed by 39.22% the S&P500.

Since September 12, 2017, it had 0 buys, and 16 insider sales for $21.27 million activity. Moreover, Redmond Asset Mgmt Ltd Llc has 1.98% invested in Celgene Corporation (NASDAQ:CELG).

In other news, Director Gilla Kaplan sold 9,250 shares of the stock in a transaction that occurred on Thursday, February 15th. The company has a market cap of $69,440.00, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 0.64 and a beta of 1.58.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 603.99 million shares or 0.25% more from 602.51 million shares in 2017Q2 were reported. About 194,449 shares traded. (NASDAQ:PFPT). Morgan Stanley invested in 0.01% or 235,027 shares. Main Street Research Lc invested in 13,478 shares or 0.32% of the stock. (NASDAQ:CMRX). Rhumbline Advisers has invested 0% in Chimerix, Inc. The business's quarterly revenue was up 16.9% compared to the same quarter last year. equities analysts predict that Celgene Co. will post 7.66 earnings per share for the current fiscal year. 8,253 are owned by Focused Wealth. Ashford Mgmt reported 5,767 shares. First Quadrant Ltd Partnership Ca accumulated 9,599 shares or 0% of the stock. Riggs Asset Managment Company has invested 1.18% in Celgene Corporation (NASDAQ:CELG). New Mexico Educational Retirement Board holds 72,630 shares or 0.5% of its portfolio.

Analysts await Celgene Corporation (NASDAQ:CELG) to report earnings on April, 26. They expect $1.96 EPS, up 44.12% or $0.60 from last year's $1.36 per share. CELG's profit will be $1.34B for 13.00 P/E if the $1.78 EPS becomes a reality.

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Among 13 analysts covering 2U (NASDAQ:TWOU), 13 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Celgene Corporation had 138 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Overweight" rating by JP Morgan given on Thursday, March 31. The rating was maintained by Wells Fargo with "Outperform" on Friday, December 4. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, January 23 report.

More notable recent Celgene Corporation (NASDAQ:CELG) news were published by: Investorplace.com which released: "3 Stocks to Watch on Wednesday: Celgene Corporation (CELG), elf Beauty Inc ..." on February 28, 2018, also Seekingalpha.com with their article: "Celgene: Parsing The Ozanimod Debacle" published on March 02, 2018, Seekingalpha.com published: "Is Celgene A Growth Or A Value Stock?" on February 17, 2018. The firm earned "Buy" rating on Friday, June 23 by Oppenheimer. Credit Suisse Group set a $129.00 target price on Celgene and gave the stock a "buy" rating in a research report on Thursday, March 1st. The stock has "Outperform" rating by Leerink Swann on Friday, June 16. The rating was maintained by Cowen & Co with "Buy" on Friday, August 4. Credit Suisse Group set a $128.00 price target on shares of Celgene and gave the company a "buy" rating in a report on Tuesday, December 12th.

Investors sentiment increased to 1.01 in 2017 Q3. Its down 0.17, from 1.34 in 2017Q2. 43 funds opened positions while 87 raised stakes. Budros Ruhlin & Roe reported 4,050 shares stake. Chesley Taft & Associate stated it has 181,540 shares. Synovus Finance Corp stated it has 0% in Rite Aid Corporation (NYSE:RAD). Scholtz Ltd Liability reported 3% stake. Hancock Hldg owns 6,600 shares for 0.04% of their portfolio. (NASDAQ:SIRI). Chevy Chase Inc has 0.14% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI). Old Mutual Glob Invsts (Uk) Limited holds 0% or 1,625 shares in its portfolio. Connor Clark & Lunn Inv Limited reported 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). Blackrock reported 0.01% of its portfolio in Fabrinet (NYSE:FN). Vanguard has 0% invested in Chimerix, Inc. Md Sass Investors invested in 384,389 shares or 4.69% of the stock. Central Bancshares Com holds 0% or 3,700 shares in its portfolio.

Analysts await LyondellBasell Industries N.V. (NYSE:LYB) to report earnings on April, 27.

Affinity Investment Advisors Llc, which manages about $1.01B and $862.68 million US Long portfolio, decreased its stake in Centene Corporation (NYSE:CNC) by 4,096 shares to 24,513 shares, valued at $2.37 million in 2017Q3, according to the filing. It also increased its holding in Sage Therapeutics Inc. It also reduced its holding in Lauder Estee Cos Inc (NYSE:EL) by 300,052 shares in the quarter, leaving it with 549,392 shares, and cut its stake in Newmont Mining Corp (NYSE:NEM). The insider Alles Mark J bought $299,594.

Among 5 analysts covering UMH Properties (NYSE:UMH), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 25% are positive. On Friday, January 19 the stock rating was upgraded by Deutsche Bank to "Buy". Stifel Nicolaus maintained the shares of CELG in report on Thursday, July 6 with "Buy" rating. As per Friday, October 27, the company rating was maintained by Barclays Capital. Vetr upgraded Rite Aid Corporation (NYSE:RAD) rating on Friday, August 14. Jefferies has "Buy" rating and $160.0 target. The firm has "Buy" rating by Guggenheim given on Thursday, January 25. Stifel Nicolaus maintained Fabrinet (NYSE:FN) rating on Tuesday, February 7. During the same period in the prior year, the firm earned $1.61 EPS. research analysts forecast that Celgene will post 7.66 EPS for the current year.

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