Capital One National Association Maintains Holding in Eaton Plc (ETN); Celgene (CELG) Market Valuation Declined While Regent Investment Management Has Raised Its Holding

February 18, 2018 - By Vivian Park

Regent Investment Management Llc increased its stake in Celgene Corp (CELG) by 4.23% based on its latest 2017Q3 regulatory filing with the SEC. Regent Investment Management Llc bought 2,210 shares as the company’s stock declined 3.49% while stock markets rallied. The hedge fund held 54,494 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $7.95M, up from 52,284 at the end of the previous reported quarter. Regent Investment Management Llc who had been investing in Celgene Corp for a number of months, seems to be bullish on the $71.65B market cap company. The stock decreased 0.92% or $0.88 during the last trading session, reaching $95.26. About 5.78 million shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since February 18, 2017 and is uptrending. It has outperformed by 0.30% the S&P500.

Capital One National Association increased its stake in Eaton Corp Plc (ETN) by 221.85% based on its latest 2017Q3 regulatory filing with the SEC. Capital One National Association bought 8,417 shares as the company’s stock rose 8.91% with the market. The institutional investor held 12,211 shares of the technology company at the end of 2017Q3, valued at $938,000, up from 3,794 at the end of the previous reported quarter. Capital One National Association who had been investing in Eaton Corp Plc for a number of months, seems to be bullish on the $36.48 billion market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $82.79. About 2.20M shares traded. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since February 18, 2017 and is uptrending. It has outperformed by 14.32% the S&P500.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.07, from 1.07 in 2017Q2. It dived, as 59 investors sold ETN shares while 280 reduced holdings. 80 funds opened positions while 259 raised stakes. 330.10 million shares or 0.23% less from 330.85 million shares in 2017Q2 were reported. Marvin And Palmer Inc accumulated 34,135 shares. Eqis Capital Mgmt has 0.19% invested in Eaton Corporation plc (NYSE:ETN) for 43,915 shares. Charter invested 0.03% of its portfolio in Eaton Corporation plc (NYSE:ETN). Bridges Investment Management has 70,383 shares. Assetmark accumulated 3,323 shares. Keybank Natl Association Oh has 407,880 shares. Gulf Intll Bank (Uk) Limited invested 0.14% of its portfolio in Eaton Corporation plc (NYSE:ETN). Cadence State Bank Na owns 0.69% invested in Eaton Corporation plc (NYSE:ETN) for 23,832 shares. Salem Inv Counselors holds 0.08% or 8,371 shares in its portfolio. Trillium Asset Management Llc accumulated 256,858 shares. Pring Turner Inc invested in 34,790 shares. Envestnet Asset Management Inc has 0.02% invested in Eaton Corporation plc (NYSE:ETN) for 90,052 shares. Moreover, Zacks Invest Management has 1.09% invested in Eaton Corporation plc (NYSE:ETN) for 606,856 shares. Stonebridge Cap Advsr Llc reported 30,381 shares. Moreover, Homrich Berg has 0.03% invested in Eaton Corporation plc (NYSE:ETN) for 4,200 shares.

Capital One National Association, which manages about $1.43B US Long portfolio, decreased its stake in Chevron Corp New (NYSE:CVX) by 6,366 shares to 101,867 shares, valued at $11.97 million in 2017Q3, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del (BRKB) by 5,164 shares in the quarter, leaving it with 10,681 shares, and cut its stake in Alleghany Corp Del (NYSE:Y).

Among 30 analysts covering Eaton Corporation (NYSE:ETN), 9 have Buy rating, 4 Sell and 17 Hold. Therefore 30% are positive. Eaton Corporation had 83 analyst reports since July 31, 2015 according to SRatingsIntel. Robert W. Baird upgraded it to “Buy” rating and $92.0 target in Wednesday, January 3 report. On Wednesday, August 26 the stock rating was upgraded by Vertical Research to “Hold”. The stock of Eaton Corporation plc (NYSE:ETN) has “Neutral” rating given on Thursday, October 15 by William Blair. The company was maintained on Thursday, February 4 by Citigroup. The firm earned “Hold” rating on Friday, January 19 by Stifel Nicolaus. Jefferies maintained it with “Hold” rating and $7500 target in Tuesday, June 6 report. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 1. RBC Capital Markets maintained the shares of ETN in report on Wednesday, November 2 with “Sector Perform” rating. The company was maintained on Monday, June 5 by RBC Capital Markets. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Friday, September 9.

Since September 5, 2017, it had 1 buying transaction, and 3 selling transactions for $2.54 million activity. Alles Mark J bought 3,260 shares worth $299,594. CASEY MICHAEL D also sold $1.29 million worth of Celgene Corporation (NASDAQ:CELG) shares. 9,250 shares valued at $1.31M were sold by KAPLAN GILLA on Tuesday, September 12.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.17, from 1.34 in 2017Q2. It worsened, as 44 investors sold CELG shares while 457 reduced holdings. 133 funds opened positions while 451 raised stakes. 603.99 million shares or 0.25% more from 602.51 million shares in 2017Q2 were reported. Kingfisher Capital invested in 0.95% or 9,871 shares. Signature Est And Investment Advsrs Limited Liability Corporation holds 2.1% or 128,883 shares. Integral Derivatives Ltd Company holds 0.02% in Celgene Corporation (NASDAQ:CELG) or 9,326 shares. Polen Mngmt Llc has invested 6.14% in Celgene Corporation (NASDAQ:CELG). Adage Partners Grp Ltd Liability has 0.37% invested in Celgene Corporation (NASDAQ:CELG) for 1.05 million shares. Ellington Group Inc Lc, a Connecticut-based fund reported 5,800 shares. Wellington Group Llp holds 0.34% or 10.19 million shares. Buffington Mohr Mcneal invested in 0.75% or 19,715 shares. Icon Advisers Com holds 1.35% in Celgene Corporation (NASDAQ:CELG) or 132,260 shares. Patten & Patten Tn stated it has 0.62% of its portfolio in Celgene Corporation (NASDAQ:CELG). Doheny Asset Mngmt Ca accumulated 3.24% or 48,375 shares. Raymond James stated it has 0.33% of its portfolio in Celgene Corporation (NASDAQ:CELG). Girard Ptnrs holds 0.44% in Celgene Corporation (NASDAQ:CELG) or 14,738 shares. Mississippi-based Bancorpsouth has invested 0.04% in Celgene Corporation (NASDAQ:CELG). Glenmede Communication Na stated it has 0.51% in Celgene Corporation (NASDAQ:CELG).

Among 33 analysts covering Celgene Corporation (NASDAQ:CELG), 19 have Buy rating, 2 Sell and 12 Hold. Therefore 58% are positive. Celgene Corporation had 132 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, November 17 report. On Thursday, September 29 the stock rating was maintained by Citigroup with “Buy”. Credit Suisse initiated Celgene Corporation (NASDAQ:CELG) on Wednesday, January 20 with “Outperform” rating. The firm has “Buy” rating given on Monday, January 8 by Credit Suisse. The stock of Celgene Corporation (NASDAQ:CELG) earned “Underweight” rating by Morgan Stanley on Monday, October 23. Cantor Fitzgerald downgraded the shares of CELG in report on Friday, October 27 to “Neutral” rating. The stock of Celgene Corporation (NASDAQ:CELG) has “Buy” rating given on Tuesday, June 6 by Canaccord Genuity. On Thursday, January 7 the stock rating was initiated by SunTrust with “Buy”. Stifel Nicolaus maintained the shares of CELG in report on Monday, January 8 with “Buy” rating. The rating was initiated by Mizuho with “Buy” on Tuesday, November 8.

Regent Investment Management Llc, which manages about $294.77M and $297.00 million US Long portfolio, decreased its stake in Berkshire Hathaway Class B (BRKB) by 3,955 shares to 19,277 shares, valued at $3.53M in 2017Q3, according to the filing. It also reduced its holding in Procter & Gamble (NYSE:PG) by 8,632 shares in the quarter, leaving it with 54,295 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

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By1 Vivian Park

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