ExodusPoint Capital Management LP purchased a new stake in Celanese Co. (NYSE:CE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 105,956 shares of the basic materials company's stock, valued at approximately $7,333,000. ExodusPoint Capital Management LP owned 0.10% of Celanese at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of CE. CKW Financial Group boosted its holdings in Celanese by 52.9% in the 4th quarter. CKW Financial Group now owns 535 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 185 shares during the period. Blue Trust Inc. boosted its stake in shares of Celanese by 15.0% in the fourth quarter. Blue Trust Inc. now owns 1,476 shares of the basic materials company's stock valued at $102,000 after buying an additional 192 shares during the period. UMB Bank n.a. grew its position in Celanese by 103.7% during the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock worth $26,000 after buying an additional 194 shares in the last quarter. CENTRAL TRUST Co increased its stake in Celanese by 43.2% during the 4th quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company's stock worth $46,000 after acquiring an additional 202 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Celanese by 1.1% in the 4th quarter. Van ECK Associates Corp now owns 21,239 shares of the basic materials company's stock valued at $1,470,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 98.87% of the company's stock.
Celanese Price Performance
Shares of CE stock traded down $6.07 during trading hours on Thursday, reaching $37.83. The stock had a trading volume of 1,077,608 shares, compared to its average volume of 1,908,744. The stock's fifty day simple moving average is $56.28 and its 200 day simple moving average is $79.14. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. Celanese Co. has a 12 month low of $36.29 and a 12 month high of $169.50. The firm has a market capitalization of $4.14 billion, a PE ratio of -2.72, a PEG ratio of 1.05 and a beta of 1.08.
Celanese (NYSE:CE - Get Free Report) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.20. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. On average, equities research analysts predict that Celanese Co. will post 8.79 EPS for the current year.
Celanese Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Tuesday, February 25th. Celanese's dividend payout ratio (DPR) is presently -0.86%.
Analyst Ratings Changes
Several research firms recently issued reports on CE. UBS Group reduced their price target on shares of Celanese from $60.00 to $46.00 and set a "neutral" rating on the stock in a research report on Monday. Citigroup decreased their price target on Celanese from $58.00 to $52.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Alembic Global Advisors upgraded shares of Celanese from a "neutral" rating to an "overweight" rating and set a $70.00 price objective for the company in a research report on Monday, March 17th. Barclays lowered their price objective on Celanese from $75.00 to $59.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Finally, Bank of America lowered their target price on Celanese from $88.00 to $72.00 and set a "buy" rating for the company in a report on Monday, February 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $63.89.
Check Out Our Latest Analysis on CE
About Celanese
(
Free Report)
Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.
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