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Westend Advisors Decreased Position in Celgene Corp. (CELG) by $6.24 Billion as Stock Declined; Snow Capital Management LP Decreased Its Holding in Macy’s (M) as Market Value Declined

Snow Capital Management Lp decreased its stake in Macy’s Inc (M) by 49.93% based on its latest 2017Q3 regulatory filing with the SEC. Snow Capital Management Lp sold 25,000 shares as the company’s stock declined 28.76% while stock markets rallied. The institutional investor held 25,070 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $547,000, down from 50,070 at the end of the previous reported quarter. Snow Capital Management Lp who had been investing in Macy’s Inc for a number of months, seems to be less bullish one the $8.14 billion market cap company. The stock increased 2.18% or $0.57 during the last trading session, reaching $26.74. About 11.10M shares traded. Macy's, Inc. (NYSE:M) has declined 25.46% since February 24, 2017 and is downtrending. It has underperformed by 42.16% the S&P500.

Westend Advisors Llc decreased its stake in Celgene Corp. (CELG) by 10.33% based on its latest 2017Q3 regulatory filing with the SEC. Westend Advisors Llc sold 42,798 shares as the company’s stock declined 3.49% while stock markets rallied. The institutional investor held 371,595 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $54.19 billion, down from 414,393 at the end of the previous reported quarter. Westend Advisors Llc who had been investing in Celgene Corp. for a number of months, seems to be less bullish one the $71.92B market cap company. The stock increased 1.95% or $1.83 during the last trading session, reaching $95.61. About 4.03 million shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since February 24, 2017 and is uptrending. It has outperformed by 0.30% the S&P500.

Snow Capital Management Lp, which manages about $3.43B and $2.07 billion US Long portfolio, upped its stake in Kinder Morgan Inc/De (NYSE:KMI) by 90,434 shares to 2.80M shares, valued at $53.66M in 2017Q3, according to the filing. It also increased its holding in Metlife Inc (NYSE:MET) by 23,179 shares in the quarter, for a total of 1.15M shares, and has risen its stake in Athene Holding Ltd Class A.

Among 31 analysts covering Macy’s Inc. (NYSE:M), 7 have Buy rating, 2 Sell and 22 Hold. Therefore 23% are positive. Macy’s Inc. had 101 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Macy's, Inc. (NYSE:M) earned “Hold” rating by Cowen & Co on Thursday, September 28. On Thursday, November 12 the stock rating was upgraded by Northcoast to “Buy”. The rating was downgraded by Gilford Securities on Tuesday, July 28 to “Sell”. The firm has “Market Perform” rating by Telsey Advisory Group given on Friday, August 12. S&P Research maintained the shares of M in report on Friday, September 11 with “Hold” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, November 12. On Wednesday, November 4 the stock rating was downgraded by OTR Global to “Negative”. Atlantic Securities upgraded Macy's, Inc. (NYSE:M) on Thursday, September 10 to “Neutral” rating. On Tuesday, August 25 the stock rating was upgraded by Deutsche Bank to “Sell”. Cowen & Co maintained it with “Hold” rating and $2300 target in Thursday, August 10 report.

Analysts await Macy's, Inc. (NYSE:M) to report earnings on February, 27 before the open. They expect $2.66 EPS, up 31.68% or $0.64 from last year’s $2.02 per share. M’s profit will be $810.14M for 2.51 P/E if the $2.66 EPS becomes a reality. After $0.23 actual EPS reported by Macy's, Inc. for the previous quarter, Wall Street now forecasts 1,056.52% EPS growth.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.17, from 1.34 in 2017Q2. It fall, 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. Bender Robert And Assoc holds 6.65% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 79,378 shares. Toronto Dominion Bancorporation holds 0.22% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 468,526 shares. Tiverton Asset Management Ltd Liability Company accumulated 2.05% or 247,766 shares. Mariner Wealth Advisors Lc has 33,800 shares for 0.22% of their portfolio. Cadence Bancorp Na, Texas-based fund reported 6,629 shares. Tributary Cap Management Ltd Liability Corporation, a Colorado-based fund reported 4,800 shares. Clear Harbor Asset Mgmt Lc invested in 0.36% or 12,381 shares. Redmond Asset Mngmt Limited Liability Company invested in 1.98% or 29,733 shares. Barclays Pcl accumulated 558,105 shares. Stonebridge Advisors Limited Liability stated it has 11,737 shares or 0.42% of all its holdings. United Services Automobile Association reported 926,631 shares or 0.4% of all its holdings. 3,635 were accumulated by Fiduciary Fin Of The Southwest Tx. Advisory Svcs Network Ltd Company owns 0.71% invested in Celgene Corporation (NASDAQ:CELG) for 42,780 shares. Tortoise Inv Mgmt Limited Company has invested 0.04% of its portfolio in Celgene Corporation (NASDAQ:CELG). Clark Mgmt Group owns 126,078 shares or 0.62% of their US portfolio.

Westend Advisors Llc, which manages about $1139.57B US Long portfolio, upped its stake in Consumer Staples Select Sector Spdr Fund (XLP) by 25,282 shares to 127,735 shares, valued at $6.90 billion in 2017Q3, according to the filing. It also increased its holding in Ishares Iboxx $ Invest. Grade Corp Bd Etf (LQD) by 4,769 shares in the quarter, for a total of 48,128 shares, and has risen its stake in Tjx Companies (NYSE:TJX).

Analysts await Celgene Corporation (NASDAQ:CELG) to report earnings on April, 26. They expect $1.78 EPS, up 16.34% or $0.25 from last year’s $1.53 per share. CELG’s profit will be $1.34B for 13.43 P/E if the $1.78 EPS becomes a reality. After $1.87 actual EPS reported by Celgene Corporation for the previous quarter, Wall Street now forecasts -4.81% negative EPS growth.

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. JP Morgan upgraded Celgene Corporation (NASDAQ:CELG) rating on Thursday, October 1. JP Morgan has “Overweight” rating and $152 target. The company was initiated on Friday, February 5 by Leerink Swann. The stock has “Outperform” rating by Wells Fargo on Friday, December 4. Cantor Fitzgerald maintained it with “Buy” rating and $16000 target in Thursday, July 27 report. The firm has “Buy” rating given on Thursday, July 6 by Stifel Nicolaus. The company was downgraded on Friday, October 27 by JMP Securities. The company was maintained on Friday, April 29 by Suntrust Robinson. The firm has “Buy” rating by SunTrust given on Thursday, January 7. Piper Jaffray maintained it with “Hold” rating and $100.0 target in Thursday, December 21 report. BMO Capital Markets maintained the shares of CELG in report on Friday, October 27 with “Outperform” rating.

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