Notis McConarty Edward Has $1.36 Million Holdings in Celgene Co. (NASDAQ:CELG)

Notis McConarty Edward cut its position in Celgene Co. (NASDAQ:CELG) by 31.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,707 shares of the biopharmaceutical company’s stock after selling 6,900 shares during the period. Notis McConarty Edward’s holdings in Celgene were worth $1,359,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CELG. Archford Capital Strategies LLC lifted its position in shares of Celgene by 277.8% during the first quarter. Archford Capital Strategies LLC now owns 272 shares of the biopharmaceutical company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Investors Research Corp acquired a new position in shares of Celgene during the first quarter worth approximately $28,000. Weaver Consulting Group acquired a new position in shares of Celgene during the first quarter worth approximately $29,000. Alera Investment Advisors LLC lifted its position in shares of Celgene by 109.9% during the first quarter. Alera Investment Advisors LLC now owns 319 shares of the biopharmaceutical company’s stock worth $30,000 after purchasing an additional 167 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Celgene during the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

NASDAQ CELG traded down $1.03 during trading hours on Monday, hitting $92.84. The company’s stock had a trading volume of 248,536 shares, compared to its average volume of 3,875,716. The stock has a fifty day moving average of $93.40. Celgene Co. has a twelve month low of $58.59 and a twelve month high of $98.97. The firm has a market cap of $66.53 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.44 and a beta of 1.46. The company has a quick ratio of 2.66, a current ratio of 3.44 and a debt-to-equity ratio of 1.97.

Celgene (NASDAQ:CELG) last announced its quarterly earnings data on Tuesday, July 30th. The biopharmaceutical company reported $2.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.17. Celgene had a net margin of 32.24% and a return on equity of 89.93%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the business posted $2.16 earnings per share. Celgene’s revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celgene Co. will post 9.96 EPS for the current year.

A number of equities analysts have recently issued reports on CELG shares. Mizuho reiterated a “buy” rating and set a $103.00 target price on shares of Celgene in a research report on Wednesday, July 3rd. Barclays lowered shares of Celgene from an “overweight” rating to an “equal weight” rating and set a $102.00 target price on the stock. in a research report on Friday, May 3rd. Cowen reiterated a “hold” rating and set a $102.00 target price on shares of Celgene in a research report on Tuesday, July 30th. Zacks Investment Research upgraded shares of Celgene from a “sell” rating to a “hold” rating and set a $94.00 target price on the stock in a research report on Tuesday, July 23rd. Finally, BidaskClub upgraded shares of Celgene from a “strong sell” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $94.81.

About Celgene

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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Institutional Ownership by Quarter for Celgene (NASDAQ:CELG)

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