Nebula Capital Management Lp Lowers stake in Celgene Corporation (CELG)

Celgene Corporation (CELG) : Nebula Capital Management Lp reduced its stake in Celgene Corporation by 84.34% during the most recent quarter end. The investment management company now holds a total of 9,600 shares of Celgene Corporation which is valued at $1,114,944 after selling 51,700 shares in Celgene Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Celgene Corporation makes up approximately 8.59% of Nebula Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in CELG in the latest quarter, The investment management firm added 5,707 additional shares and now holds a total of 166,196 shares of Celgene Corporation which is valued at $19,302,003. Celgene Corporation makes up approx 0.26% of Ngam Advisors’s portfolio.Tarbox Group boosted its stake in CELG in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 311 shares of Celgene Corporation which is valued at $34,891. Celgene Corporation makes up approx 0.02% of Tarbox Group’s portfolio. Donald L. Hagan sold out all of its stake in CELG during the most recent quarter. The investment firm sold 1,398 shares of CELG which is valued $150,313.Cribstone Capital Management boosted its stake in CELG in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 8,476 shares of Celgene Corporation which is valued at $886,759. Celgene Corporation makes up approx 0.55% of Cribstone Capital Management’s portfolio.Edge Wealth Management boosted its stake in CELG in the latest quarter, The investment management firm added 32,089 additional shares and now holds a total of 37,406 shares of Celgene Corporation which is valued at $3,928,752. Celgene Corporation makes up approx 1.61% of Edge Wealth Management’s portfolio.

Celgene Corporation opened for trading at $116.61 and hit $117.452 on the upside on Thursday, eventually ending the session at $116.27, with a gain of 0.11% or 0.13 points. The heightened volatility saw the trading volume jump to 73,76,899 shares. Company has a market cap of $90,123 M.

On the company’s financial health, Celgene Corporation reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.39. The company had revenue of $2754.00 million for the quarter, compared to analysts expectations of $2709.02 million. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.

Many Wall Street Analysts have commented on Celgene Corporation. Stifel Initiated Celgene Corporation on Jul 15, 2016 to “Buy”, Price Target of the shares are set at $138.

Celgene Corporation (Celgene) together with its subsidiaries is an integrated biopharmaceutical company engaged primarily in the discovery development and commercialization of therapies for the treatment of cancer and inflammatory diseases through gene and protein regulation. The Company’s primary commercial stage products include REVLIMID (lenalidomide) ABRAXANE POMALYST/IMNOVID VIDAZA azacitidine for injection (generic version of VIDAZA) THALOMID (sold as THALOMID or Thalidomide Celgene outside the United States) OTEZLA (apremilast) and ISTODAX (romidepsin). Celgene is involved in research in a range of scientific areas designed to deliver therapies targeting areas including intracellular signaling pathways protein homeostasis and epigenetics in cancer and immune cells immunomodulation in cancer and autoimmune diseases and therapeutic application of cell therapies.

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