Published: Mon, March 12, 2018
Health Care | By Belinda Paul

(CELG) Shares Sold by RKL Wealth Management LLC


Insiders have sold a total of 31,870 shares of company stock worth $3,028,416 over the last quarter. The Public Sector Pension Investment Board holds 100,000 shares with $5.19M value, down from 151,116 last quarter. Incline Global Management Llc who had been investing in Intercontinental Exchange In for a number of months, seems to be less bullish one the $44.10 billion market cap company.

Celgene (CELG) traded up $1.36 during trading on Wednesday, reaching $92.56. About 3.50 million shares traded. Wayfair Inc. (NYSE:W) has risen 54.80% since March 11, 2017 and is uptrending.

Silverman increased its stake in Chimerix Inc (CMRX) by 9.61% based on its latest 2017Q3 regulatory filing with the SEC. Stock buyback programs are often a sign that the company's management believes its shares are undervalued. The hedge fund run by Jeff Lignelli held 487,711 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $33.51M, down from 639,411 at the end of the previous reported quarter.

Celgene announced that its Board of Directors has approved a stock buyback program on Wednesday, February 14th that permits the company to buyback $5.00 billion in outstanding shares. FMR LLC now owns 12,594,467 shares of the biopharmaceutical company's stock worth $1,635,643,000 after purchasing an additional 697,250 shares during the last quarter. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since March 10, 2017 and is uptrending. It has outperformed by 0.30% the S&P500. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Celgene Corporation had 138 analyst reports since July 21, 2015 according to SRatingsIntel. Finally, Citigroup reiterated a "hold" rating on shares of Celgene in a research note on Friday, December 22nd. Citigroup downgraded the shares of CELG in report on Friday, October 20 to "Hold" rating. Mizuho maintained the stock with "Buy" rating in Thursday, June 1 report. The firm has "Buy" rating given on Monday, October 16 by Canaccord Genuity. The company was initiated on Tuesday, August 18 by FBR Capital. The company was maintained on Thursday, October 5 by BMO Capital Markets. The stock has "Buy" rating by Suntrust Robinson on Friday, April 29. Celgene earned a media sentiment score of 0.17 on Accern's scale. The biopharmaceutical company reported $1.87 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.78 by $0.09.

WARNING: "Celgene Co. (CELG) Shares Sold by RKL Wealth Management LLC" was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online.

Several hedge funds and other institutional investors have recently made changes to their positions in CELG. 603.99 million shares or 0.25% more from 602.51 million shares in 2017Q2 were reported. It also increased its holding in Schwab Charles Corp Com New (NYSE:SCHW) by 1.31 million shares in the quarter, for a total of 10.81M shares, and has risen its stake in Tripadvisor Inc Com Stk (NASDAQ:TRIP). Scotia Cap reported 70,418 shares. Price T Rowe Assoc Inc Md holds 75,000 shares or 0% of its portfolio. The California-based Ashfield Cap Ptnrs has invested 1.36% in Celgene Corporation (NASDAQ:CELG). New York-based Mutual Of America Capital Limited Liability has invested 0.31% in Celgene Corporation (NASDAQ:CELG). First Quadrant Ltd Partnership Ca accumulated 9,599 shares or 0% of the stock.

Shares of Celgene Co. It is negative, as 35 investors sold LUK shares while 150 reduced holdings. Following the acquisition, the insider now owns 178,904 shares of the company's stock, valued at approximately $16,441,277.60. Franklin Resources Inc. now owns 11,080,093 shares of the biopharmaceutical company's stock worth $1,439,025,000 after purchasing an additional 349,974 shares during the last quarter. Royal Savings Bank Of Canada accumulated 37,703 shares. Chilton Invest Limited Com stated it has 589,097 shares or 1.53% of all its holdings. After $0.60 actual EPS reported by Suburban Propane Partners, L.P. for the previous quarter, Wall Street now forecasts 226.67% EPS growth. Utd Asset Strategies Inc stated it has 0.25% of its portfolio in Celgene Corporation (NASDAQ:CELG).

Since September 12, 2017, it had 1 insider buy, and 3 sales for $2.98 million activity. MARIO ERNEST sold $1.26 million worth of stock. Also, Director Gilla Kaplan sold 9,250 shares of the firm's stock in a transaction on Thursday, February 15th. (NASDAQ:CMRX) earned "Buy" rating by UBS on Thursday, December 17. Therefore 25% are positive. (NASDAQ:CMRX) rating on Monday, October 5. Metropolitan Life Insur Ny reported 2,893 shares. The rating was downgraded by Sidoti to "Neutral" on Tuesday, May 31. Robert W. Baird reaffirmed a "hold" rating and set a $92.00 target price on shares of Celgene in a research note on Thursday, March 1st. The firm has "Sector Weight" rating by Pacific Crest given on Tuesday, December 8. On Tuesday, September 26 the stock rating was maintained by JP Morgan with "Overweight". The rating was initiated by Janney Capital with "Buy" on Wednesday, March 2. The firm has "Outperform" rating given on Wednesday, January 20 by Credit Suisse.

Investors sentiment increased to 1.34 in 2017 Q3. Its down 0.17, from 1.34 in 2017Q2. It fall, as 51 investors sold PE shares while 91 reduced holdings. 17 funds opened positions while 28 raised stakes. Bokf Na reported 24,349 shares. Cambrian Capital Partnership reported 6.4% stake. Ray Gerald L & Ltd holds 253,919 shares. Budros Ruhlin & Roe reported 4,050 shares stake. Hartford Fincl Inc invested in 0.04% or 500 shares. Goldman Sachs Gru Inc holds 0% of its portfolio in Capital Bank Financial Corp. Sg Americas Ltd holds 0% of its portfolio in BioScrip, Inc. Raymond James upgraded Wayfair Inc. Gm Advisory Group Incorporated holds 3,104 shares or 0.14% of its portfolio. Deprince Race And Zollo accumulated 14,500 shares. Credit Suisse Ag invested 0% of its portfolio in Chimerix, Inc.

In related news, insider Mark J. Alles acquired 3,260 shares of the firm's stock in a transaction dated Thursday, February 8th.

Chilton Capital Management Llc, which manages about $1.18 billion and $1.04B US Long portfolio, upped its stake in Kite Rlty Group Tr (NYSE:KRG) by 137,299 shares to 616,085 shares, valued at $12.48M in 2017Q3, according to the filing. It also reduced its holding in Energy Transfer Partners Lp by 1.61M shares in the quarter, leaving it with 666,773 shares, and cut its stake in Vanguard Charlotte Fds (BNDX).

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