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Argus Research Cuts Blackhawk Network (HAWK); Synovus Financial Trimmed Its Celgene (CELG) Position

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) Logo

Blackhawk Network (NASDAQ:HAWK)‘s stock was cut to a Hold by stock research analysts at Argus Research. HAWK’s old rating is no longer valid.

Synovus Financial Corp decreased Celgene Corp (CELG) stake by 17.19% reported in 2017Q4 SEC filing. Synovus Financial Corp sold 9,088 shares as Celgene Corp (CELG)’s stock declined 19.30%. The Synovus Financial Corp holds 43,772 shares with $4.55 million value, down from 52,860 last quarter. Celgene Corp now has $66.97 billion valuation. The stock decreased 0.12% or $0.11 during the last trading session, reaching $89.03. About 1.79M shares traded. Celgene Corporation (NASDAQ:CELG) has declined 31.28% since April 25, 2017 and is downtrending. It has underperformed by 42.83% the S&P500.

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. On Monday, February 5 the stock rating was maintained by Mizuho with “Buy”. JP Morgan upgraded Celgene Corporation (NASDAQ:CELG) rating on Thursday, October 1. JP Morgan has “Overweight” rating and $152 target. The rating was initiated by Jefferies on Monday, July 10 with “Buy”. As per Tuesday, September 12, the company rating was maintained by Cowen & Co. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, April 13 report. As per Tuesday, October 17, the company rating was maintained by BMO Capital Markets. The stock of Celgene Corporation (NASDAQ:CELG) earned “Hold” rating by Citigroup on Friday, October 20. The rating was maintained by JP Morgan with “Overweight” on Wednesday, March 21. The rating was maintained by UBS with “Buy” on Friday, November 6. The stock of Celgene Corporation (NASDAQ:CELG) earned “Buy” rating by Credit Suisse on Monday, January 8.

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. Sectoral Asset Management Inc, Quebec – Canada-based fund reported 231,830 shares. 6,561 are owned by Campbell And Inv Adviser Ltd. Douglass Winthrop Advisors Ltd holds 21,448 shares or 0.12% of its portfolio. Pictet Natl Bank Tru owns 44,372 shares for 1.36% of their portfolio. 71,843 are held by Investec Asset North America. 2.89M were accumulated by Swiss Fincl Bank. Fairfield Bush & Com holds 0.46% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 16,025 shares. Atlas Browninc holds 4,333 shares. Brandywine Glob Mgmt Lc holds 469,219 shares. Hm Payson & accumulated 109,574 shares. Busey Trust owns 57,078 shares for 0.76% of their portfolio. Lmr Partners Llp holds 0.1% or 9,026 shares. Proshare Advisors Ltd Liability Com owns 793,241 shares. M&R Cap Management reported 1,565 shares. First Natl Communications reported 10,638 shares stake.

Since February 8, 2018, it had 1 insider purchase, and 3 sales for $3.58 million activity. Shares for $299,594 were bought by Alles Mark J. $851,093 worth of Celgene Corporation (NASDAQ:CELG) was sold by LOUGHLIN JAMES J. 18,500 Celgene Corporation (NASDAQ:CELG) shares with value of $1.77 million were sold by KAPLAN GILLA. $1.26 million worth of stock was sold by MARIO ERNEST on Friday, February 23.

Analysts await Celgene Corporation (NASDAQ:CELG) to report earnings on May, 4 before the open. They expect $1.77 earnings per share, up 15.69% or $0.24 from last year’s $1.53 per share. CELG’s profit will be $1.33 billion for 12.57 P/E if the $1.77 EPS becomes a reality. After $1.87 actual earnings per share reported by Celgene Corporation for the previous quarter, Wall Street now forecasts -5.35% negative EPS growth.

Synovus Financial Corp increased Dowdupont Inc stake by 16,154 shares to 159,095 valued at $11.35M in 2017Q4. It also upped Ishares Tr (IWF) stake by 37,093 shares and now owns 2.62M shares. Ishares Tr (IWS) was raised too.

Blackhawk Network Holdings, Inc. provides a range of prepaid gift, telecom, and debit cards in physical and electronic forms; and related prepaid products and payment services in the United States and internationally. The company has market cap of $2.45 billion. It operates through three divisions: U.S. It currently has negative earnings. Retail, International, and Incentives & Rewards.

Celgene Corporation (NASDAQ:CELG) Institutional Positions Chart

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