Celgene Corporation (CELG) : Arvest Bank Trust Division added new position in Celgene Corporation during the most recent quarter end. The investment management firm now holds 114,533 shares of Celgene Corporation which is valued at $11,919,449 , the company said in a statement filed on Oct 7, 2016 with the SEC.Celgene Corporation makes up approximately 1.00% of Arvest Bank Trust Division’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in CELG in the latest quarter, The investment management firm added 192,259 additional shares and now holds a total of 488,072 shares of Celgene Corporation which is valued at $51,389,101. Celgene Corporation makes up approx 0.21% of Bnp Paribas Arbitrage Sa’s portfolio.Bath Savings Trust Co boosted its stake in CELG in the latest quarter, The investment management firm added 2,033 additional shares and now holds a total of 87,439 shares of Celgene Corporation which is valued at $9,206,452. Celgene Corporation makes up approx 2.90% of Bath Savings Trust Co’s portfolio.
Celgene Corporation opened for trading at $104.46 and hit $104.73 on the upside on Friday, eventually ending the session at $104.07, with a gain of 0.04% or 0.04 points. The heightened volatility saw the trading volume jump to 18,71,956 shares. Company has a market cap of $80,666 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 Companys 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.