Birchview Capital LP Has Lowered Its Celgene (CELG) Stake as Valuation Declined; Asbury Automotive Group (ABG) Market Value Rose While Lakewood Capital Management LP Lifted Its Position

May 21, 2018 - By Clifton Ray

Asbury Automotive Group, Inc. (NYSE:ABG) Logo

Birchview Capital Lp decreased its stake in Celgene Corp (CELG) by 2.23% based on its latest 2017Q4 regulatory filing with the SEC. Birchview Capital Lp sold 17,000 shares as the company’s stock declined 19.30% with the market. The institutional investor held 744,051 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $77.65 million, down from 761,051 at the end of the previous reported quarter. Birchview Capital Lp who had been investing in Celgene Corp for a number of months, seems to be less bullish one the $56.83 billion market cap company. The stock decreased 0.17% or $0.13 during the last trading session, reaching $78.24. About 249,079 shares traded. Celgene Corporation (NASDAQ:CELG) has declined 31.28% since May 21, 2017 and is downtrending. It has underperformed by 42.83% the S&P500.

Anthony Bozza increased its stake in Asbury Automotive Group Inc (ABG) by 5.96% based on its latest 2017Q4 regulatory filing with the SEC. Lakewood Capital Management Lp bought 22,028 shares as the company’s stock rose 0.39% while stock markets declined. The hedge fund run by Anthony Bozza held 391,329 shares of the automotive aftermarket company at the end of 2017Q4, valued at $25.05 million, up from 369,301 at the end of the previous reported quarter. Lakewood Capital Management Lp who had been investing in Asbury Automotive Group Inc for a number of months, seems to be bullish on the $1.46B market cap company. The stock decreased 1.27% or $0.9 during the last trading session, reaching $69.7. About 189,462 shares traded or 0.87% up from the average. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 5.55% since May 21, 2017 and is uptrending. It has underperformed by 6.00% the S&P500.

Since February 8, 2018, it had 1 buying transaction, and 3 insider sales for $3.58 million activity. Alles Mark J bought $299,594 worth of Celgene Corporation (NASDAQ:CELG) on Thursday, February 8. LOUGHLIN JAMES J had sold 9,250 shares worth $851,093 on Monday, March 12. $1.77M worth of stock was sold by KAPLAN GILLA on Thursday, February 15.

More notable recent Celgene Corporation (NASDAQ:CELG) news were published by: Nasdaq.com which released: “These Stocks Have Quadrupled in Just 1 Year” on May 19, 2018, also Benzinga.com with their article: “Celgene CEO: Strong Q1 Led To Improved Full-Year Guidance” published on May 04, 2018, Seekingalpha.com published: “Celgene: Bold Pursuits In Science With 24.66% Discount” on April 23, 2018. More interesting news about Celgene Corporation (NASDAQ:CELG) were released by: Seekingalpha.com and their article: “Generic Revlimid Could Sink Celgene” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Celgene Earnings Preview” with publication date: April 30, 2018.

Analysts await Celgene Corporation (NASDAQ:CELG) to report earnings on July, 26. They expect $1.87 earnings per share, up 11.31% or $0.19 from last year’s $1.68 per share. CELG’s profit will be $1.36B for 10.46 P/E if the $1.87 EPS becomes a reality. After $1.61 actual earnings per share reported by Celgene Corporation for the previous quarter, Wall Street now forecasts 16.15% EPS growth.

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. The firm has “Overweight” rating given on Friday, December 8 by Atlantic Securities. BMO Capital Markets maintained Celgene Corporation (NASDAQ:CELG) rating on Thursday, October 5. BMO Capital Markets has “Buy” rating and $160.0 target. As per Tuesday, September 26, the company rating was maintained by Cantor Fitzgerald. The company was maintained on Friday, August 4 by Cowen & Co. The rating was downgraded by Wells Fargo to “Hold” on Thursday, October 26. The firm has “Buy” rating given on Tuesday, January 23 by Canaccord Genuity. The rating was initiated by Jefferies with “Buy” on Wednesday, September 9. The company was maintained on Friday, January 29 by RBC Capital Markets. The firm earned “Hold” rating on Thursday, December 21 by Piper Jaffray. Credit Suisse maintained the shares of CELG in report on Tuesday, April 19 with “Outperform” rating.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.34, from 1.17 in 2017Q3. It dived, 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. 200,000 were accumulated by Point72 Asset Management Limited Partnership. Inv Mngmt Of Virginia Ltd Liability has invested 1.33% in Celgene Corporation (NASDAQ:CELG). Jpmorgan Chase Com holds 0.2% or 8.96 million shares. Dillon And Associate invested in 2.04% or 52,044 shares. Patten Gp owns 8,450 shares. Neville Rodie And Shaw has 1.01% invested in Celgene Corporation (NASDAQ:CELG) for 91,480 shares. Clearbridge Investments Ltd Liability Company reported 0.61% in Celgene Corporation (NASDAQ:CELG). Lmr Ltd Liability Partnership has invested 0.1% in Celgene Corporation (NASDAQ:CELG). Pinnacle Wealth Mngmt Advisory Grp Ltd Liability holds 2,150 shares or 0.12% of its portfolio. Maple Capital Mngmt owns 6,344 shares. Calamos Lc holds 660,250 shares. Messner Smith Theme Value Investment Ca reported 1.75% of its portfolio in Celgene Corporation (NASDAQ:CELG). 557,752 were reported by State Treasurer State Of Michigan. Homrich & Berg has invested 0.03% of its portfolio in Celgene Corporation (NASDAQ:CELG). Fernwood Invest Mngmt Limited Liability Corp holds 0.22% or 3,975 shares in its portfolio.

Another recent and important Asbury Automotive Group, Inc. (NYSE:ABG) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in Castlight Health, inc, Marriot Vacations Worldwide, AnaptysBio, Compass …” on May 18, 2018.

Since February 7, 2018, it had 0 buys, and 5 sales for $2.46 million activity. Karolis George had sold 3,150 shares worth $219,051 on Monday, March 12. Shares for $103,500 were sold by REDDIN THOMAS. Another trade for 1,000 shares valued at $66,180 was sold by JAMES JUANITA T. Another trade for 1,600 shares valued at $108,304 was sold by Stax William Frederick.

Among 8 analysts covering Asbury Automotive (NYSE:ABG), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Asbury Automotive had 26 analyst reports since July 22, 2015 according to SRatingsIntel. Bank of America upgraded the stock to “Buy” rating in Thursday, October 22 report. The firm has “Hold” rating given on Monday, October 26 by BB&T Capital. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, October 3. The rating was maintained by Craig Hallum on Wednesday, February 7 with “Hold”. Jefferies maintained it with “Hold” rating and $61.0 target in Friday, September 8 report. On Friday, August 28 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) earned “Neutral” rating by Bank of America on Wednesday, September 30. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Hold” rating given on Friday, June 2 by Jefferies. KeyBanc Capital Markets maintained the shares of ABG in report on Thursday, August 31 with “Hold” rating. The rating was maintained by Stephens with “Buy” on Tuesday, February 6.

Investors sentiment increased to 1.35 in Q4 2017. Its up 0.44, from 0.91 in 2017Q3. It improved, as 14 investors sold ABG shares while 49 reduced holdings. 32 funds opened positions while 53 raised stakes. 21.54 million shares or 4.16% more from 20.68 million shares in 2017Q3 were reported. Parallax Volatility Advisers Limited Partnership holds 0% or 3,688 shares. Hutchin Hill Capital L P, a New York-based fund reported 18,400 shares. Raymond James holds 0.01% or 57,712 shares in its portfolio. Guggenheim Capital Limited Com stated it has 103,480 shares. United Service Automobile Association invested in 7,510 shares. Teacher Retirement Sys Of Texas owns 6,461 shares or 0% of their US portfolio. Polaris Cap Mgmt Limited invested in 1.66% or 895,600 shares. Janney Montgomery Scott Ltd Liability Corp owns 8,699 shares. Parametric Assocs Limited Liability Co has invested 0.01% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG). Savings Bank Of America De accumulated 71,683 shares. Hsbc Holdg Public Limited Co accumulated 70,375 shares. Rhumbline Advisers owns 48,008 shares. Deutsche Comml Bank Ag reported 0% in Asbury Automotive Group, Inc. (NYSE:ABG). Point72 Asia (Hong Kong) reported 463 shares. Old Mutual Customised Solutions (Proprietary) Ltd holds 0.01% or 1,700 shares in its portfolio.

Lakewood Capital Management Lp, which manages about $2.87B US Long portfolio, decreased its stake in Lithia Mtrs Inc (NYSE:LAD) by 140,000 shares to 209,169 shares, valued at $23.76 million in 2017Q4, according to the filing. It also reduced its holding in Ardagh Group S A by 32,000 shares in the quarter, leaving it with 271,988 shares, and cut its stake in Intercontinental Exchange In (NYSE:ICE).

Celgene Corporation (NASDAQ:CELG) Institutional Positions Chart

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