As Banc Of California (BANC) Share Price Rose, Stieven Capital Advisors LP Has Boosted Position by $524,000; Celgene (CELG) Share Value Declined While Maryland Capital Management Lifted Holding by $11.79 Million

February 19, 2018 - By Ellis Scott

Maryland Capital Management increased its stake in Celgene Corp (CELG) by 2793.37% based on its latest 2017Q3 regulatory filing with the SEC. Maryland Capital Management bought 81,287 shares as the company’s stock declined 3.49% while stock markets rallied. The institutional investor held 84,197 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $12.28M, up from 2,910 at the end of the previous reported quarter. Maryland Capital Management who had been investing in Celgene Corp for a number of months, seems to be bullish on the $71.65 billion market cap company. The stock decreased 0.92% or $0.88 during the last trading session, reaching $95.26. About 5.78M shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since February 19, 2017 and is uptrending. It has outperformed by 0.30% the S&P500.

Stieven Capital Advisors Lp increased its stake in Banc Of California Inc (BANC) by 9.61% based on its latest 2017Q3 regulatory filing with the SEC. Stieven Capital Advisors Lp bought 26,200 shares as the company’s stock rose 1.76% with the market. The hedge fund held 298,900 shares of the finance company at the end of 2017Q3, valued at $6.20M, up from 272,700 at the end of the previous reported quarter. Stieven Capital Advisors Lp who had been investing in Banc Of California Inc for a number of months, seems to be bullish on the $1.03 billion market cap company. It closed at $20.4 lastly. It is down 6.54% since February 19, 2017 and is uptrending. It has underperformed by 10.16% the S&P500.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.17, from 1.34 in 2017Q2. It dropped, 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. First Heartland Consultants reported 7,814 shares. Deutsche Bankshares Ag has 0.64% invested in Celgene Corporation (NASDAQ:CELG) for 6.45M shares. Moreover, Voya Management Ltd Liability has 0.74% invested in Celgene Corporation (NASDAQ:CELG). First Manhattan holds 0.15% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 181,564 shares. Ubs Asset Mngmt Americas owns 6.03M shares or 0.8% of their US portfolio. Cadinha And Com Ltd Llc holds 0.05% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 2,200 shares. 6,000 are held by Viking Fund Limited Liability Co. Stellar Cap Mngmt Ltd Liability Co holds 0.68% or 6,640 shares in its portfolio. Endurant Mgmt Limited Partnership invested in 0.72% or 16,300 shares. 37,030 are owned by Welch Cap Ptnrs Ltd Liability Company Ny. Old Mutual Customised Solutions (Proprietary) Limited holds 0.51% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 25,949 shares. Ls Invest Limited Liability Corp owns 23,254 shares. Mai Cap Mngmt owns 6,547 shares. First Long Island Invsts Llc reported 125,189 shares stake. Meridian Invest Counsel holds 0.23% or 2,984 shares.

Since September 5, 2017, it had 1 buy, and 3 sales for $2.54 million activity. 1,727 Celgene Corporation (NASDAQ:CELG) shares with value of $248,498 were sold by Curran Terrie. Alles Mark J bought 3,260 shares worth $299,594. 9,250 Celgene Corporation (NASDAQ:CELG) shares with value of $1.31M were sold by KAPLAN GILLA.

Maryland Capital Management, which manages about $795.96M and $648.98 million US Long portfolio, decreased its stake in Conocophillips (NYSE:COP) by 7,245 shares to 52,335 shares, valued at $2.62M in 2017Q3, according to the filing. It also reduced its holding in Coca Cola Company (NYSE:KO) by 10,220 shares in the quarter, leaving it with 18,008 shares, and cut its stake in Vulcan Materials Com (NYSE:VMC).

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. The firm has “Buy” rating given on Monday, July 31 by Argus Research. The firm has “Buy” rating by SunTrust given on Friday, October 27. The firm earned “Buy” rating on Tuesday, August 22 by Cantor Fitzgerald. The rating was maintained by UBS with “Buy” on Friday, November 6. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, August 12 report. The firm earned “Neutral” rating on Monday, October 23 by PiperJaffray. As per Thursday, January 18, the company rating was maintained by Piper Jaffray. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, November 17 report. The stock of Celgene Corporation (NASDAQ:CELG) earned “Neutral” rating by BTIG Research on Friday, June 30. The stock of Celgene Corporation (NASDAQ:CELG) earned “Neutral” rating by Citigroup on Friday, October 27.

Among 10 analysts covering Banc of California (NYSE:BANC), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Banc of California had 25 analyst reports since November 9, 2015 according to SRatingsIntel. The firm has “Neutral” rating by B. Riley & Co given on Thursday, February 1. The company was initiated on Thursday, December 21 by Piper Jaffray. On Thursday, October 20 the stock rating was maintained by FBR Capital with “Mkt Perform”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, June 5 report. Wells Fargo upgraded the stock to “Outperform” rating in Tuesday, April 11 report. FBR Capital maintained it with “Outperform” rating and $24 target in Thursday, May 4 report. Keefe Bruyette & Woods maintained Banc of California, Inc. (NYSE:BANC) rating on Monday, August 28. Keefe Bruyette & Woods has “Hold” rating and $20.0 target. Wells Fargo initiated Banc of California, Inc. (NYSE:BANC) on Monday, May 2 with “Outperform” rating. Raymond James downgraded Banc of California, Inc. (NYSE:BANC) on Monday, November 9 to “Mkt Perform” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report.

Since February 1, 2018, it had 1 insider purchase, and 0 selling transactions for $386,000 activity.

Stieven Capital Advisors Lp, which manages about $284.20 million and $527.25 million US Long portfolio, decreased its stake in Preferred Bk Los Angeles Ca (NASDAQ:PFBC) by 41,900 shares to 391,071 shares, valued at $23.60M in 2017Q3, according to the filing. It also reduced its holding in First Bancorp P R (NYSE:FBP) by 961,645 shares in the quarter, leaving it with 1.83 million shares, and cut its stake in Howard Bancorp Inc (NASDAQ:HBMD).

Investors sentiment decreased to 0.98 in Q3 2017. Its down 0.05, from 1.03 in 2017Q2. It dived, as 25 investors sold BANC shares while 60 reduced holdings. 30 funds opened positions while 53 raised stakes. 59.57 million shares or 8.21% more from 55.06 million shares in 2017Q2 were reported. Moreover, Deprince Race And Zollo Inc has 0.27% invested in Banc of California, Inc. (NYSE:BANC). Morgan Stanley has 235,437 shares. Illinois-based Continental Ltd Llc has invested 0.88% in Banc of California, Inc. (NYSE:BANC). Kennedy Cap Mngmt stated it has 0.1% in Banc of California, Inc. (NYSE:BANC). Voya Invest Management Limited Liability Corp owns 23,280 shares. Ranger Inv Mgmt Limited Partnership stated it has 3.82% of its portfolio in Banc of California, Inc. (NYSE:BANC). 17,200 were reported by Louisiana State Employees Retirement. Smith Graham And Advsr LP accumulated 630,867 shares. Teachers Retirement Sys Of The State Of Kentucky has invested 0% of its portfolio in Banc of California, Inc. (NYSE:BANC). Public Employees Retirement Of Ohio holds 0.01% or 111,133 shares. California Employees Retirement Sys holds 65,267 shares. Banc Funds Limited Liability owns 517,828 shares. Victory Mngmt holds 0.07% in Banc of California, Inc. (NYSE:BANC) or 1.51 million shares. Oppenheimer Asset Mngmt Inc holds 0% or 6,464 shares. Hilton Capital Mgmt Limited Liability Co holds 0.06% or 15,841 shares in its portfolio.

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