Rehmann Capital Advisory Group raised its position in Celgene Co. (NASDAQ:CELG) by 6.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,992 shares of the biopharmaceutical company’s stock after acquiring an additional 544 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Celgene were worth $805,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CELG. Ayalon Holdings Ltd. purchased a new stake in Celgene in the second quarter worth about $100,000. Atlantic Trust LLC purchased a new stake in Celgene in the second quarter worth about $101,000. Moneta Group Investment Advisors LLC increased its position in Celgene by 2,688.6% in the second quarter. Moneta Group Investment Advisors LLC now owns 10,290 shares of the biopharmaceutical company’s stock worth $114,000 after buying an additional 9,921 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Celgene during the third quarter worth about $132,000. Finally, City Holding Co. purchased a new stake in shares of Celgene during the second quarter worth about $143,000. 72.87% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the company. BidaskClub upgraded Celgene from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Cann reiterated a “buy” rating on shares of Celgene in a research report on Monday, December 3rd. Mizuho set a $117.00 target price on Celgene and gave the stock a “buy” rating in a research report on Tuesday, October 30th. UBS Group set a $94.00 target price on Celgene and gave the stock a “buy” rating in a research report on Saturday, October 27th. Finally, Leerink Swann set a $112.00 target price on Celgene and gave the stock a “hold” rating in a research report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $116.99.

NASDAQ:CELG opened at $70.08 on Friday. The company has a market capitalization of $50.91 billion, a PE ratio of 10.25, a P/E/G ratio of 0.45 and a beta of 1.50. Celgene Co. has a 1 year low of $66.62 and a 1 year high of $110.81. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.13 and a quick ratio of 1.99.

Celgene (NASDAQ:CELG) last posted its quarterly earnings data on Thursday, October 25th. The biopharmaceutical company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.27. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. Celgene had a return on equity of 108.76% and a net margin of 19.64%. Research analysts expect that Celgene Co. will post 7.45 EPS for the current fiscal year.

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Celgene Profile

Celgene Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of therapies for the treatment of cancer and inflammatory diseases worldwide. It offers REVLIMID, an oral immunomodulatory drug for multiple myeloma (MM), myelodysplastic syndromes (MDS), and mantle cell lymphoma; POMALYST/IMNOVID to treat multiple myeloma; OTEZLA, a small-molecule inhibitor of phosphodiesterase 4 for psoriatic arthritis and psoriasis; and ABRAXANE, a solvent-free chemotherapy product to treat breast, non-small cell lung, pancreatic, and gastric cancers.

Further Reading: Balance Sheet

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Institutional Ownership by Quarter for Celgene (NASDAQ:CELG)

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