Edgewood Management LLC Position in Celgene Corp (CELG) Boosted by $65.97 Million

November 15, 2017 - By Nellie Frank

Investors sentiment increased to 1.34 in 2017 Q2. Its up 0.21, from 1.13 in 2017Q1. It improved, as 60 investors sold CELG shares while 390 reduced holdings. 110 funds opened positions while 494 raised stakes. 602.51 million shares or 1.81% more from 591.78 million shares in 2017Q1 were reported. Us State Bank De holds 0.33% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 763,301 shares. Penobscot Inv Communications owns 3,210 shares. Bank & Trust Of Hawaii holds 16,627 shares. The California-based Granite Prtn Limited Liability Company has invested 0.05% in Celgene Corporation (NASDAQ:CELG). 3,000 were reported by Grantham Mayo Van Otterloo And Communications Limited. Moreover, Norinchukin Retail Bank The has 0.32% invested in Celgene Corporation (NASDAQ:CELG). Hall Laurie J Trustee holds 14,645 shares. Trust Department Mb Commercial Bank N A invested in 0.08% or 5,585 shares. Gratry & Co Limited Liability Corporation reported 0.31% of its portfolio in Celgene Corporation (NASDAQ:CELG). Cibc World Markets Inc owns 204,143 shares or 0.11% of their US portfolio. Klingenstein Fields & Ltd Limited Liability Company holds 180,663 shares. Texan Capital Management reported 10,414 shares. Lockheed Martin Investment accumulated 10,000 shares. Principal Incorporated holds 1.61 million shares. Baldwin Invest Mngmt owns 19,635 shares.

Since June 15, 2017, it had 0 insider purchases, and 3 sales for $2.36 million activity. Another trade for 4,785 shares valued at $575,038 was made by VESSEY RUPERT on Thursday, June 15. The insider CASEY MICHAEL D sold 9,250 shares worth $1.16 million.

Edgewood Management Llc increased its stake in Celgene Corp (CELG) by 5.14% based on its latest 2017Q2 regulatory filing with the SEC. Edgewood Management Llc bought 511,429 shares as the company’s stock declined 3.49% while stock markets rallied. The institutional investor held 10.46M shares of the major pharmaceuticals company at the end of 2017Q2, valued at $1.36B, up from 9.95M at the end of the previous reported quarter. Edgewood Management Llc who had been investing in Celgene Corp for a number of months, seems to be bullish on the $77.84 billion market cap company. The stock rose 0.01% or $0.01 reaching $98.87 per share. About 651,327 shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since November 15, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.

More notable recent Celgene Corporation (NASDAQ:CELG) news were published by: Seekingalpha.com which released: “Stocks In The Dog House: Celgene” on November 10, 2017, also Fool.com with their article: “Why Celgene Corporation Tumbled Today” published on October 26, 2017, Seekingalpha.com published: “Celgene: Still A Great Pipeline, Despite A Setback” on October 23, 2017. More interesting news about Celgene Corporation (NASDAQ:CELG) were released by: Seekingalpha.com and their article: “Celgene Q3 2017: Not Far From Zero Pipeline Value” published on October 31, 2017 as well as Seekingalpha.com‘s news article titled: “Celgene: Growth At A Reasonable Price Even On Revised Guidance” with publication date: October 27, 2017.

Celgene Corporation (NASDAQ:CELG) Ratings Coverage

Among 31 analysts covering Celgene Corporation (NASDAQ:CELG), 20 have Buy rating, 2 Sell and 9 Hold. Therefore 65% are positive. Celgene Corporation had 110 analyst reports since July 21, 2015 according to SRatingsIntel. Mizuho maintained the shares of CELG in report on Wednesday, July 26 with “Buy” rating. The company was maintained on Wednesday, March 9 by JMP Securities. Mizuho maintained the shares of CELG in report on Thursday, June 1 with “Buy” rating. The stock has “Hold” rating by Citigroup on Friday, October 20. The rating was maintained by Cowen & Co on Tuesday, September 12 with “Buy”. As per Monday, October 23, the company rating was initiated by Guggenheim. The rating was maintained by Cowen & Co with “Buy” on Friday, August 4. The stock has “Buy” rating by Standpoint Research on Thursday, January 14. The stock has “Neutral” rating by Citigroup on Friday, October 27. Raymond James initiated the shares of CELG in report on Tuesday, September 1 with “Strong-Buy” rating.

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