Torch Wealth Management Has Lowered Position in At&T (T) by $353,400; As Celgene (CELG) Shares Declined, Citizens & Northern Has Boosted Position by $328,328

May 25, 2018 - By Ash

Celgene Corporation (NASDAQ:CELG) Logo

Citizens & Northern Corp increased its stake in Celgene Corporation (CELG) by 23.92% based on its latest 2017Q4 regulatory filing with the SEC. Citizens & Northern Corp bought 3,157 shares as the company’s stock declined 19.30% with the market. The institutional investor held 16,354 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $1.71 million, up from 13,197 at the end of the previous reported quarter. Citizens & Northern Corp who had been investing in Celgene Corporation for a number of months, seems to be bullish on the $57.11B market cap company. The stock decreased 1.14% or $0.91 during the last trading session, reaching $78.63. About 4.78M shares traded. Celgene Corporation (NASDAQ:CELG) has declined 31.28% since May 25, 2017 and is downtrending. It has underperformed by 42.83% the S&P500.

Torch Wealth Management Llc decreased its stake in At&T Inc. (T) by 25.8% based on its latest 2017Q4 regulatory filing with the SEC. Torch Wealth Management Llc sold 9,300 shares as the company’s stock declined 10.37% with the market. The institutional investor held 26,749 shares of the telecommunications equipment company at the end of 2017Q4, valued at $1.04 million, down from 36,049 at the end of the previous reported quarter. Torch Wealth Management Llc who had been investing in At&T Inc. for a number of months, seems to be less bullish one the $199.64 billion market cap company. The stock decreased 0.82% or $0.27 during the last trading session, reaching $32.51. About 21.81M shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since May 25, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

More notable recent AT&T Inc. (NYSE:T) news were published by: Nasdaq.com which released: “Are AT&T Shares Worth The Risk?” on May 25, 2018, also Bizjournals.com with their article: “AT&T taps Best Buy executive as new chief digital officer” published on May 24, 2018, 247Wallst.com published: “Why AT&T Earnings Drove Investors to the Exits” on April 26, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “AT&T: What’s The Worst-Case Scenario?” published on May 22, 2018 as well as Investorplace.com‘s news article titled: “Why the Dow Jones May Struggle to Stay Above Water” with publication date: May 25, 2018.

Analysts await AT&T Inc. (NYSE:T) to report earnings on July, 24. They expect $0.89 earnings per share, up 12.66% or $0.10 from last year’s $0.79 per share. T’s profit will be $5.47B for 9.13 P/E if the $0.89 EPS becomes a reality. After $0.85 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 4.71% EPS growth.

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.26, from 1.17 in 2017Q3. It is negative, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Moreover, Burke & Herbert Natl Bank & Tru has 1.08% invested in AT&T Inc. (NYSE:T) for 32,564 shares. Oakworth holds 42,276 shares or 0.36% of its portfolio. First Amer Commercial Bank stated it has 157,153 shares. 48,878 are owned by Oarsman Capital Inc. Hilltop holds 1.13% of its portfolio in AT&T Inc. (NYSE:T) for 129,029 shares. Bridges Counsel accumulated 28,240 shares or 0.61% of the stock. Chesapeake Asset Mgmt Ltd Liability Corp reported 6,516 shares. Connable Office Incorporated accumulated 0.7% or 91,947 shares. Greatmark Inv Ptnrs reported 10,870 shares. New York-based Cibc has invested 0.47% in AT&T Inc. (NYSE:T). Research Mgmt Co has invested 0.47% of its portfolio in AT&T Inc. (NYSE:T). Dumont & Blake Investment Advsrs Ltd Liability Corporation stated it has 0.38% of its portfolio in AT&T Inc. (NYSE:T). Old National State Bank In owns 143,217 shares. Palisade Cap Mgmt Llc Nj holds 0.15% or 112,525 shares in its portfolio. Cardinal Capital Management reported 6,235 shares.

Among 33 analysts covering AT&T Inc. (NYSE:T), 13 have Buy rating, 1 Sell and 19 Hold. Therefore 39% are positive. AT&T Inc. had 83 analyst reports since July 27, 2015 according to SRatingsIntel. As per Monday, March 14, the company rating was maintained by Citigroup. Wells Fargo maintained the shares of T in report on Friday, February 23 with “Buy” rating. The company was upgraded on Monday, September 26 by HSBC. The stock has “Perform” rating by Oppenheimer on Tuesday, November 8. The firm has “Buy” rating given on Tuesday, September 1 by Macquarie Research. Robert W. Baird maintained AT&T Inc. (NYSE:T) rating on Tuesday, November 21. Robert W. Baird has “Buy” rating and $42.0 target. Moffet Nathanson downgraded AT&T Inc. (NYSE:T) rating on Friday, April 1. Moffet Nathanson has “Sell” rating and $35 target. The stock of AT&T Inc. (NYSE:T) earned “Hold” rating by Drexel Hamilton on Monday, October 24. The firm earned “Buy” rating on Thursday, April 7 by Jefferies. The company was maintained on Tuesday, April 11 by Argus Research.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.34, from 1.17 in 2017Q3. It worsened, 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. The Texas-based Twin Tree Mngmt Lp has invested 0.05% in Celgene Corporation (NASDAQ:CELG). Moreover, Eqis Management Incorporated has 0.24% invested in Celgene Corporation (NASDAQ:CELG) for 44,567 shares. Institute For Wealth Management Lc owns 7,266 shares. First Quadrant Lp Ca stated it has 0.52% in Celgene Corporation (NASDAQ:CELG). Wedgewood Pa has invested 0.21% in Celgene Corporation (NASDAQ:CELG). Everence Management Inc owns 19,103 shares. Carroll Financial Assoc holds 0.02% or 1,387 shares. Moody National Bank & Trust Tru Division reported 8,000 shares. Nelson Roberts Inv Ltd Liability Corporation owns 24,949 shares or 0.81% of their US portfolio. Kentucky Retirement Systems accumulated 0.36% or 48,551 shares. Associated Banc owns 208,989 shares. 1,371 are owned by Signature Estate And Investment Advsr Ltd Llc. Amer Group Inc accumulated 344,094 shares. Raab Moskowitz Asset Mgmt Ltd Liability reported 6,267 shares. Atwood & Palmer Inc reported 2.36% in Celgene Corporation (NASDAQ:CELG).

Among 35 analysts covering Celgene Corporation (NASDAQ:CELG), 20 have Buy rating, 1 Sell and 14 Hold. Therefore 57% are positive. Celgene Corporation had 148 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Bernstein to “Buy” on Wednesday, May 23. The stock of Celgene Corporation (NASDAQ:CELG) earned “Buy” rating by Mizuho on Monday, February 5. Cowen & Co maintained Celgene Corporation (NASDAQ:CELG) rating on Thursday, July 27. Cowen & Co has “Buy” rating and $15000 target. The firm has “Buy” rating by SunTrust given on Friday, October 27. As per Friday, April 29, the company rating was maintained by Suntrust Robinson. On Friday, November 6 the stock rating was maintained by UBS with “Buy”. As per Thursday, October 5, the company rating was downgraded by Morgan Stanley. Argus Research upgraded the stock to “Buy” rating in Monday, July 31 report. The rating was maintained by Oppenheimer with “Buy” on Wednesday, June 14. The stock has “Buy” rating by William Blair on Wednesday, February 28.

More notable recent Celgene Corporation (NASDAQ:CELG) news were published by: Seekingalpha.com which released: “My 2 Cents On The Ozanimod Saga” on May 15, 2018, also Finance.Yahoo.com with their article: “Celgene Corporation: How to Effectively Buy Into CELG Stock” published on May 22, 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: Seekingalpha.com and their article: “Will ‘Public Shaming’ Sink Celgene?” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Celgene: Still (Looks) Appealing” with publication date: May 21, 2018.

Since February 8, 2018, it had 2 buys, and 3 selling transactions for $3.48 million activity. The insider MARIO ERNEST sold 13,370 shares worth $1.26M. 3,260 Celgene Corporation (NASDAQ:CELG) shares with value of $299,594 were bought by Alles Mark J. 9,250 shares valued at $851,093 were sold by LOUGHLIN JAMES J on Monday, March 12.

Celgene Corporation (NASDAQ:CELG) Institutional Positions Chart

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