Rafferty Asset Management Has Cut Holding in Gap Del (GPS) as Stock Value Declined; Mitchell Capital Management Co Lowered Celgene (CELG) Position as Market Value Declined

April 18, 2018 - By mmahotstuff

The Gap, Inc. (NYSE:GPS) Logo

Mitchell Capital Management Co decreased its stake in Celgene Corp (CELG) by 58.13% based on its latest 2017Q4 regulatory filing with the SEC. Mitchell Capital Management Co sold 27,179 shares as the company’s stock declined 19.30% with the market. The institutional investor held 19,579 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $2.04M, down from 46,758 at the end of the previous reported quarter. Mitchell Capital Management Co who had been investing in Celgene Corp for a number of months, seems to be less bullish one the $68.52 billion market cap company. The stock increased 0.62% or $0.56 during the last trading session, reaching $91.1. About 3.63M shares traded. Celgene Corporation (NASDAQ:CELG) has declined 31.28% since April 18, 2017 and is downtrending. It has underperformed by 42.83% the S&P500.

Rafferty Asset Management Llc decreased its stake in Gap Inc Del (GPS) by 95.7% based on its latest 2017Q4 regulatory filing with the SEC. Rafferty Asset Management Llc sold 207,324 shares as the company’s stock declined 11.38% with the market. The institutional investor held 9,310 shares of the consumer services company at the end of 2017Q4, valued at $317,000, down from 216,634 at the end of the previous reported quarter. Rafferty Asset Management Llc who had been investing in Gap Inc Del for a number of months, seems to be less bullish one the $11.89 billion market cap company. The stock increased 1.26% or $0.38 during the last trading session, reaching $30.54. About 3.30M shares traded. The Gap, Inc. (NYSE:GPS) has risen 31.10% since April 18, 2017 and is uptrending. It has outperformed by 19.55% the S&P500.

Since February 8, 2018, it had 1 buy, and 3 sales for $3.58 million activity. On Friday, February 23 MARIO ERNEST sold $1.26M worth of Celgene Corporation (NASDAQ:CELG) or 13,370 shares. 3,260 shares were bought by Alles Mark J, worth $299,594. KAPLAN GILLA sold $1.77M worth of stock.

Among 34 analysts covering Celgene Corporation (NASDAQ:CELG), 19 have Buy rating, 1 Sell and 14 Hold. Therefore 56% are positive. Celgene Corporation had 142 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of CELG in report on Friday, October 13 with “Equal-Weight” rating. On Tuesday, February 13 the stock rating was upgraded by Barclays Capital to “Buy”. The rating was downgraded by BTIG Research on Wednesday, June 1 to “Neutral”. The stock of Celgene Corporation (NASDAQ:CELG) earned “Outperform” rating by Leerink Swann on Friday, June 16. The firm has “Buy” rating given on Tuesday, January 23 by Canaccord Genuity. The rating was maintained by Oppenheimer on Thursday, July 27 with “Buy”. The stock of Celgene Corporation (NASDAQ:CELG) has “Buy” rating given on Wednesday, July 26 by Mizuho. The stock of Celgene Corporation (NASDAQ:CELG) has “Buy” rating given on Monday, July 31 by Argus Research. Leerink Swann maintained the stock with “Buy” rating in Friday, October 20 report. Mizuho maintained the shares of CELG in report on Monday, February 5 with “Buy” rating.

Analysts await Celgene Corporation (NASDAQ:CELG) to report earnings on May, 4 before the open. They expect $1.77 EPS, up 15.69% or $0.24 from last year’s $1.53 per share. CELG’s profit will be $1.33B for 12.87 P/E if the $1.77 EPS becomes a reality. After $1.87 actual EPS reported by Celgene Corporation for the previous quarter, Wall Street now forecasts -5.35% negative EPS growth.

Investors sentiment decreased to 0.83 in 2017 Q4. 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. Zwj Invest Counsel holds 1.74% or 211,197 shares. 1.26M were reported by Stifel Financial. Moreover, Sfmg Ltd Liability Corporation has 0.14% invested in Celgene Corporation (NASDAQ:CELG). Zevenbergen Capital Invests Ltd Com invested 2.84% of its portfolio in Celgene Corporation (NASDAQ:CELG). United Svcs Automobile Association invested in 1.05 million shares. Mark Sheptoff Financial Planning Limited Liability Com has 0.01% invested in Celgene Corporation (NASDAQ:CELG) for 159 shares. 3,400 are owned by Gamco Et Al. Welch Forbes Limited Liability, Massachusetts-based fund reported 274,876 shares. Brave Asset Mngmt Inc reported 39,416 shares stake. Martin Inv Management Limited Liability Co holds 110,716 shares or 4.51% of its portfolio. Sheets Smith Wealth Management has invested 0.55% of its portfolio in Celgene Corporation (NASDAQ:CELG). New York-based Qci Asset Inc New York has invested 0% in Celgene Corporation (NASDAQ:CELG). General Amer Invsts Company invested in 1.67% or 165,000 shares. Thrivent Finance For Lutherans holds 0.57% or 1.64M shares. The Singapore-based Seatown Hldgs Pte has invested 2.99% in Celgene Corporation (NASDAQ:CELG).

Investors sentiment increased to 0.98 in Q4 2017. Its up 0.02, from 0.96 in 2017Q3. It increased, as 37 investors sold GPS shares while 153 reduced holdings. 73 funds opened positions while 113 raised stakes. 208.71 million shares or 2.18% more from 204.26 million shares in 2017Q3 were reported. Gideon Capital invested 1.08% of its portfolio in The Gap, Inc. (NYSE:GPS). Daiwa Secs Group has invested 0% of its portfolio in The Gap, Inc. (NYSE:GPS). 1.44M are held by Legal And General Public Ltd Company. First Foundation Advsr holds 10,326 shares. 4,714 are held by Ameritas Invest Prtn Inc. Hermes Invest Management Limited stated it has 29,252 shares or 0.01% of all its holdings. 19,478 are owned by Commonwealth Of Pennsylvania Public School Empls Retrmt. Bnp Paribas Asset Mngmt Holdings Sa, France-based fund reported 218,742 shares. Kistler owns 915 shares. Perigon Wealth Management Ltd Liability owns 0.01% invested in The Gap, Inc. (NYSE:GPS) for 840 shares. Huntington State Bank owns 1,998 shares for 0% of their portfolio. Riverhead Cap Mngmt Limited Liability Corporation owns 50,326 shares for 0.07% of their portfolio. Pensionfund Dsm Netherlands reported 0.5% of its portfolio in The Gap, Inc. (NYSE:GPS). Cubist Systematic Strategies Lc reported 17,210 shares stake. Employees Retirement Sys Of Texas reported 202,000 shares or 0.09% of all its holdings.

Since February 1, 2018, it had 1 buying transaction, and 11 insider sales for $57.85 million activity. Kirwan Jeff had sold 101,820 shares worth $3.43 million. $2.53M worth of stock was sold by Chapman Paul Joseph on Wednesday, March 21. On Tuesday, April 3 the insider FISHER ROBERT J sold $15.64 million. On Tuesday, March 6 FISHER JOHN J sold $17.22M worth of The Gap, Inc. (NYSE:GPS) or 500,000 shares. Bazzano Dara also sold $221,701 worth of The Gap, Inc. (NYSE:GPS) on Friday, March 16. Syngal Sonia sold $954,780 worth of stock or 28,846 shares.

Among 34 analysts covering The Gap Inc. (NYSE:GPS), 4 have Buy rating, 4 Sell and 26 Hold. Therefore 12% are positive. The Gap Inc. had 176 analyst reports since August 5, 2015 according to SRatingsIntel. On Wednesday, September 30 the stock rating was downgraded by Piper Jaffray to “Underweight”. Piper Jaffray maintained The Gap, Inc. (NYSE:GPS) on Saturday, August 22 with “Neutral” rating. The rating was maintained by Wedbush on Friday, August 19 with “Neutral”. As per Friday, November 17, the company rating was maintained by Deutsche Bank. The company was maintained on Tuesday, February 20 by Jefferies. Piper Jaffray upgraded The Gap, Inc. (NYSE:GPS) on Monday, November 28 to “Neutral” rating. The firm has “Hold” rating given on Tuesday, May 10 by Topeka Capital Markets. Barclays Capital maintained the shares of GPS in report on Friday, November 17 with “Overweight” rating. The stock of The Gap, Inc. (NYSE:GPS) has “Market Perform” rating given on Monday, October 12 by FBR Capital. The firm earned “Buy” rating on Monday, August 24 by S&P Research.

Rafferty Asset Management Llc, which manages about $7.35B and $5.79 billion US Long portfolio, upped its stake in Integrated Device Technology (NASDAQ:IDTI) by 16,508 shares to 118,020 shares, valued at $3.51 million in 2017Q4, according to the filing. It also increased its holding in Iron Mtn Inc New (NYSE:IRM) by 16,622 shares in the quarter, for a total of 60,452 shares, and has risen its stake in Nvr Inc (NYSE:NVR).

Analysts await The Gap, Inc. (NYSE:GPS) to report earnings on May, 17. They expect $0.46 EPS, up 27.78% or $0.10 from last year’s $0.36 per share. GPS’s profit will be $179.09 million for 16.60 P/E if the $0.46 EPS becomes a reality. After $0.61 actual EPS reported by The Gap, Inc. for the previous quarter, Wall Street now forecasts -24.59% negative EPS growth.

Celgene Corporation (NASDAQ:CELG) Institutional Positions Chart

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