Beech Hill Advisors Has Boosted Its Celgene (CELG) Position; Clear Channel Outdoor Holdings (CCO) Sentiment Is 0.97

May 22, 2018 - By Henry Gaston

Celgene Corporation (NASDAQ:CELG) Logo

Clear Channel Outdoor Holdings Inc (CCO) investors sentiment decreased to 0.97 in Q4 2017. It’s down -0.92, from 1.89 in 2017Q3. The ratio has dropped, as 28 active investment managers opened new or increased positions, while 29 sold and reduced their equity positions in Clear Channel Outdoor Holdings Inc. The active investment managers in our database reported: 31.42 million shares, down from 33.77 million shares in 2017Q3. Also, the number of active investment managers holding Clear Channel Outdoor Holdings Inc in top ten positions was flat from 1 to 1 for the same number . Sold All: 11 Reduced: 18 Increased: 18 New Position: 10.

Beech Hill Advisors Inc increased Celgene Corp (CELG) stake by 718.93% reported in 2017Q4 SEC filing. Beech Hill Advisors Inc acquired 24,005 shares as Celgene Corp (CELG)’s stock declined 19.30%. The Beech Hill Advisors Inc holds 27,344 shares with $2.85M value, up from 3,339 last quarter. Celgene Corp now has $54.25 billion valuation. The stock decreased 4.70% or $3.68 during the last trading session, reaching $74.69. About 18.59 million shares traded or 151.98% up from the average. Celgene Corporation (NASDAQ:CELG) has declined 31.28% since May 22, 2017 and is downtrending. It has underperformed by 42.83% the S&P500.

Beech Hill Advisors Inc decreased Schlumberger Ltd (NYSE:SLB) stake by 34,824 shares to 48,717 valued at $3.28M in 2017Q4. It also reduced Abbvie Inc (NYSE:ABBV) stake by 29,420 shares and now owns 53,047 shares. Valero Energy Corp New (NYSE:VLO) was reduced too.

More notable recent Celgene Corporation (NASDAQ:CELG) news were published by: Seekingalpha.com which released: “Celgene: Still (Looks) Appealing” on May 21, 2018, also Seekingalpha.com with their article: “Will ‘Public Shaming’ Sink Celgene?” published on May 21, 2018, Finance.Yahoo.com published: “5 Top Stock Trades for Tuesday Morning” on May 22, 2018. More interesting news about Celgene Corporation (NASDAQ:CELG) were released by: Nasdaq.com and their article: “3 Biotechs on the FDA’s Naughty List That Should Be on Investors’ Buy Lists” published on May 22, 2018 as well as Streetinsider.com‘s news article titled: “Evotec and Celgene (CELG) Enter into Strategic Oncology Partnership” with publication date: May 22, 2018.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.34, from 1.17 in 2017Q3. It is negative, as 156 investors sold CELG shares while 478 reduced holdings. 118 funds opened positions while 411 raised stakes. 561.38 million shares or 7.06% less from 603.99 million shares in 2017Q3 were reported. Neumann Mgmt Ltd Liability Corporation holds 0.7% in Celgene Corporation (NASDAQ:CELG) or 10,895 shares. Ellington Gru Ltd Co holds 13,700 shares. Dnb Asset Management As holds 143,933 shares. Meeder Asset Mgmt accumulated 0.15% or 16,934 shares. Manchester Mngmt Ltd Liability Corp owns 1,188 shares or 0.02% of their US portfolio. Halsey Associate Ct stated it has 2.77% of its portfolio in Celgene Corporation (NASDAQ:CELG). Psagot House Ltd holds 0.45% or 100,108 shares in its portfolio. Orbis Investment Mgmt (Us) Ltd Liability Co, a California-based fund reported 24,279 shares. Parsons Capital Management Ri has invested 0.57% in Celgene Corporation (NASDAQ:CELG). Sumitomo Mitsui Trust holds 2.29 million shares. 300 are held by Estabrook Capital Mngmt. Highlander Capital Mngmt Ltd Liability Company has invested 0.35% in Celgene Corporation (NASDAQ:CELG). Plancorp Ltd Liability Corporation invested 0.08% of its portfolio in Celgene Corporation (NASDAQ:CELG). Sumitomo Mitsui Asset Mngmt accumulated 93,244 shares. Jennison Associates Limited Liability Co holds 1.01% or 9.82M shares in its portfolio.

Among 35 analysts covering Celgene Corporation (NASDAQ:CELG), 20 have Buy rating, 1 Sell and 14 Hold. Therefore 57% are positive. Celgene Corporation had 146 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, December 22, the company rating was maintained by SunTrust. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, April 4 report. On Wednesday, March 21 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Buy” rating given on Friday, October 20 by Cowen & Co. The company was maintained on Thursday, July 27 by Cantor Fitzgerald. The firm earned “Buy” rating on Friday, July 24 by Cantor Fitzgerald. The firm earned “Outperform” rating on Monday, May 7 by RBC Capital Markets. The stock of Celgene Corporation (NASDAQ:CELG) has “Outperform” rating given on Wednesday, February 28 by Credit Suisse. The firm earned “Neutral” rating on Friday, October 27 by Citigroup. The firm has “Hold” rating by Wells Fargo given on Thursday, October 26.

Since February 8, 2018, it had 1 buy, and 3 sales for $3.58 million activity. Shares for $851,093 were sold by LOUGHLIN JAMES J. The insider MARIO ERNEST sold $1.26 million. Alles Mark J had bought 3,260 shares worth $299,594. KAPLAN GILLA also sold $1.77 million worth of Celgene Corporation (NASDAQ:CELG) on Thursday, February 15.

The stock increased 1.09% or $0.05 during the last trading session, reaching $4.65. About 30,085 shares traded. Clear Channel Outdoor Holdings, Inc. (CCO) has declined 11.05% since May 22, 2017 and is downtrending. It has underperformed by 22.60% the S&P500.

Ratings analysis reveals 0 of Clear Channel Outdoor’s analysts are positive. Out of 2 Wall Street analysts rating Clear Channel Outdoor, 0 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $5.5 while the high is $5.75. The stock’s average target of $5.63 is 21.08% above today’s ($4.65) share price. CCO was included in 2 notes of analysts from September 13, 2016. The firm has “Neutral” rating given on Friday, February 24 by Wedbush. On Tuesday, September 13 the stock rating was initiated by Loop Capital with “Sell”.

Clear Channel Outdoor Holdings, Inc., an outdoor advertising company, owns and operates advertising display faces. The company has market cap of $1.68 billion. It operates in two divisions, Americas Outdoor Advertising and International Outdoor Advertising (International). It has a 273.53 P/E ratio. The firm offers advertising services through billboards comprising bulletins and posters; street furniture displays, including advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; and other out-of-home advertising displays, such as wallscapes and spectaculars, as well as mall displays and other small displays.

More notable recent Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) news were published by: Streetinsider.com which released: “Clear Channel Outdoor Holdings (CCO) Reports Q1 Revenue Miss” on May 22, 2018, also Benzinga.com with their article: “Earnings Scheduled For May 22, 2018” published on May 22, 2018, Seekingalpha.com published: “Clear Channel Outdoor -6.3% as operating income tumbles” on April 30, 2018. More interesting news about Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) were released by: Businesswire.com and their article: “Clear Channel Outdoor Introduces CCO RADARViewâ„¢: A Dynamic Campaign Planning Platform Allowing Advertisers …” published on May 03, 2018 as well as Twst.com‘s news article titled: “Clear Channel Outdoor Holdings Inc.: Clear Channel Outdoor Holdings, Inc. Set Date For 2017 Fourth Quarter And Full …” with publication date: April 30, 2018.

Abrams Capital Management L.P. holds 0.52% of its portfolio in Clear Channel Outdoor Holdings, Inc. for 3.35 million shares. Gallagher Fiduciary Advisors Llc owns 529,153 shares or 0.47% of their US portfolio. Moreover, Angelo Gordon & Co. L.P. has 0.25% invested in the company for 968,472 shares. The California-based Canyon Capital Advisors Llc has invested 0.14% in the stock. Senator Investment Group Lp, a New York-based fund reported 2.18 million shares.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Institutional Positions Chart

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