Celgene Co. (CELG) Stake Decreased by R. G. Niederhoffer Capital Management Inc.

R. G. Niederhoffer Capital Management Inc. decreased its holdings in Celgene Co. (NASDAQ:CELG) by 50.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the biopharmaceutical company’s stock after selling 3,100 shares during the quarter. Celgene comprises about 2.8% of R. G. Niederhoffer Capital Management Inc.’s portfolio, making the stock its 17th biggest position. R. G. Niederhoffer Capital Management Inc.’s holdings in Celgene were worth $437,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CELG. Thompson Davis & CO. Inc. lifted its position in Celgene by 5.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 773 shares of the biopharmaceutical company’s stock worth $100,000 after acquiring an additional 43 shares during the period. Arcadia Investment Management Corp MI lifted its position in Celgene by 118.7% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 737 shares of the biopharmaceutical company’s stock worth $107,000 after acquiring an additional 400 shares during the period. Guidant Wealth Advisors acquired a new stake in Celgene during the 3rd quarter worth about $119,000. Motco lifted its position in Celgene by 19.3% during the 2nd quarter. Motco now owns 981 shares of the biopharmaceutical company’s stock worth $127,000 after acquiring an additional 159 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in Celgene during the 2nd quarter worth about $129,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

Celgene Co. (NASDAQ:CELG) opened at $105.49 on Wednesday. The company has a quick ratio of 3.52, a current ratio of 3.65 and a debt-to-equity ratio of 1.31. Celgene Co. has a 52 week low of $94.55 and a 52 week high of $147.17. The firm has a market capitalization of $83,050.00, a PE ratio of 24.88, a P/E/G ratio of 0.68 and a beta of 1.77.

Celgene (NASDAQ:CELG) last announced its quarterly earnings results on Thursday, October 26th. The biopharmaceutical company reported $1.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.04. Celgene had a return on equity of 63.80% and a net margin of 27.36%. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the business earned $1.58 EPS. Celgene’s revenue for the quarter was up 10.2% compared to the same quarter last year. research analysts forecast that Celgene Co. will post 6.68 earnings per share for the current year.

A number of brokerages have commented on CELG. Zacks Investment Research raised Celgene from a “sell” rating to a “hold” rating in a research report on Monday. SunTrust Banks set a $127.00 price target on Celgene and gave the stock a “buy” rating in a research report on Monday. Credit Suisse Group set a $125.00 price target on Celgene and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus set a $130.00 price objective on Celgene and gave the company a “buy” rating in a report on Monday. Finally, Deutsche Bank set a $110.00 price objective on Celgene and gave the company a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nineteen have assigned a buy rating to the company. Celgene has an average rating of “Buy” and a consensus price target of $131.35.

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About Celgene

Celgene Corporation is an integrated global biopharmaceutical company. The Company, together with its subsidiaries, is engaged in the discovery, development and commercialization of therapies for the treatment of cancer and inflammatory diseases through solutions in protein homeostasis, immuno-oncology, epigenetics, immunology and neuro-inflammation.

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Institutional Ownership by Quarter for Celgene (NASDAQ:CELG)

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