Eastern Bank Lowers stake in Celgene Corporation (CELG)

Celgene Corporation (CELG) : Eastern Bank reduced its stake in Celgene Corporation by 0.07% during the most recent quarter end. The investment management company now holds a total of 130,843 shares of Celgene Corporation which is valued at $12,888,036 after selling 86 shares in Celgene Corporation , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Celgene Corporation makes up approximately 1.05% of Eastern Bank’s portfolio.

Other Hedge Funds, Including , Koshinski Asset Management boosted its stake in CELG in the latest quarter, The investment management firm added 181 additional shares and now holds a total of 6,829 shares of Celgene Corporation which is valued at $672,657. Celgene Corporation makes up approx 0.33% of Koshinski Asset Management’s portfolio.Vigilant Capital Management boosted its stake in CELG in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 3,834 shares of Celgene Corporation which is valued at $377,649. Celgene Corporation makes up approx 0.07% of Vigilant Capital Management’s portfolio.Renaissance Investment Group boosted its stake in CELG in the latest quarter, The investment management firm added 514 additional shares and now holds a total of 39,073 shares of Celgene Corporation which is valued at $3,931,916. Celgene Corporation makes up approx 1.92% of Renaissance Investment Group’s portfolio.North Star Investment Management Corp. boosted its stake in CELG in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 24,450 shares of Celgene Corporation which is valued at $2,485,098. Celgene Corporation makes up approx 0.45% of North Star Investment Management Corp.’s portfolio.

Celgene Corporation closed down -2.13 points or -2.12% at $98.5 with 43,17,515 shares getting traded on Friday. Post opening the session at $101.25, the shares hit an intraday low of $98.48 and an intraday high of $101.389 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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