Stock Yards Bank & Trust Co. decreased its position in shares of Celgene Co. (NASDAQ:CELG) by 89.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,912 shares of the biopharmaceutical company’s stock after selling 124,948 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Celgene were worth $1,407,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CELG. Oregon Public Employees Retirement Fund raised its holdings in Celgene by 9,691.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,495,997 shares of the biopharmaceutical company’s stock valued at $257,000 after buying an additional 16,327,522 shares during the last quarter. Norges Bank acquired a new stake in Celgene during the 4th quarter valued at approximately $484,390,000. Parnassus Investments CA increased its position in Celgene by 1,766.7% during the 4th quarter. Parnassus Investments CA now owns 2,800,000 shares of the biopharmaceutical company’s stock valued at $179,452,000 after purchasing an additional 2,650,000 shares during the period. BlackRock Inc. increased its position in Celgene by 2.8% during the 4th quarter. BlackRock Inc. now owns 53,650,909 shares of the biopharmaceutical company’s stock valued at $3,438,486,000 after purchasing an additional 1,459,100 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its position in Celgene by 64.2% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 2,111,324 shares of the biopharmaceutical company’s stock valued at $135,309,000 after purchasing an additional 825,120 shares during the period. 72.01% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ CELG traded up $0.04 during midday trading on Friday, hitting $95.51. 4,976,019 shares of the company’s stock were exchanged, compared to its average volume of 5,989,271. The firm has a market capitalization of $67.36 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.44 and a beta of 1.68. Celgene Co. has a 12-month low of $58.59 and a 12-month high of $97.07. The company has a current ratio of 2.78, a quick ratio of 2.66 and a debt-to-equity ratio of 2.42.
CELG has been the subject of several recent analyst reports. Cantor Fitzgerald downgraded shares of Celgene from an “overweight” rating to a “neutral” rating and set a $94.00 price objective for the company. in a research report on Friday, April 5th. ValuEngine downgraded shares of Celgene from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. BidaskClub downgraded shares of Celgene from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Cowen began coverage on shares of Celgene in a research report on Tuesday, February 26th. They issued a “market perform” rating and a $102.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Celgene from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Twenty research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $95.96.
In related news, Director Ernest Mario acquired 2,000 shares of the stock in a transaction on Tuesday, February 12th. The stock was purchased at an average price of $89.99 per share, for a total transaction of $179,980.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.
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Celgene Company Profile
Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes therapies for the treatment of cancer and inflammatory diseases worldwide. It offers REVLIMID, an oral immunomodulatory drug for multiple myeloma (MM), myelodysplastic syndromes (MDS), and mantle cell lymphoma; POMALYST/IMNOVID to treat multiple myeloma; OTEZLA, a small-molecule inhibitor of phosphodiesterase 4 for psoriatic arthritis and psoriasis; and ABRAXANE to treat breast, non-small cell lung, pancreatic, and gastric cancers.
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