Nexthera Capital Lp buys $15,307,650 stake in Celgene Corporation (CELG)

Celgene Corporation (CELG) : Nexthera Capital Lp scooped up 55,000 additional shares in Celgene Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 135,000 shares of Celgene Corporation which is valued at $15,307,650.Celgene Corporation makes up approximately 14.97% of Nexthera Capital Lp’s portfolio.

Other Hedge Funds, Including , Davidson Investment Advisors boosted its stake in CELG in the latest quarter, The investment management firm added 52,055 additional shares and now holds a total of 52,292 shares of Celgene Corporation which is valued at $5,929,390. Celgene Corporation makes up approx 0.93% of Davidson Investment Advisors’s portfolio.Mcf Advisors boosted its stake in CELG in the latest quarter, The investment management firm added 731 additional shares and now holds a total of 826 shares of Celgene Corporation which is valued at $93,660. Celgene Corporation makes up approx 0.02% of Mcf Advisors’s portfolio.Dana Investment Advisors boosted its stake in CELG in the latest quarter, The investment management firm added 1,070 additional shares and now holds a total of 59,041 shares of Celgene Corporation which is valued at $6,821,007. Celgene Corporation makes up approx 0.29% of Dana Investment Advisors’s portfolio.Beck Mack Oliver boosted its stake in CELG in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 6,400 shares of Celgene Corporation which is valued at $718,016. Celgene Corporation makes up approx 0.02% of Beck Mack Oliver’s portfolio.Burt Wealth Advisors reduced its stake in CELG by selling 20 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 430 shares of CELG which is valued at $46,234. Celgene Corporation makes up approx 0.04% of Burt Wealth Advisors’s portfolio.

Celgene Corporation closed down -0.37 points or -0.35% at $106.37 with 34,87,171 shares getting traded on Thursday. Post opening the session at $107.04, the shares hit an intraday low of $105.38 and an intraday high of $107.3025 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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