Ashton Thomas Private Wealth LLC grew its holdings in shares of Celanese Co. (NYSE:CE - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,474 shares of the basic materials company's stock after acquiring an additional 5,744 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Celanese were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in Celanese by 103.7% in the 4th 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 during the period. 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 worth $37,000 after buying an additional 185 shares during the period. CENTRAL TRUST Co boosted its holdings in Celanese by 43.2% in the 4th quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company's stock worth $46,000 after buying an additional 202 shares during the period. Brooklyn Investment Group bought a new position in Celanese in the 3rd quarter worth $102,000. Finally, Millburn Ridgefield Corp bought a new position in Celanese in the 3rd quarter worth $103,000. Institutional investors own 98.87% of the company's stock.
Celanese Trading Up 0.1 %
Celanese stock traded up $0.06 during midday trading on Friday, reaching $55.28. The stock had a trading volume of 2,280,625 shares, compared to its average volume of 3,232,923. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 1.98. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of -3.97, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The company has a fifty day moving average of $65.01 and a 200 day moving average of $91.70. Celanese Co. has a 52-week low of $45.94 and a 52-week high of $172.16.
Celanese (NYSE:CE - Get Free Report) last issued its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.20. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. On average, analysts anticipate that Celanese Co. will post 8.79 earnings per share for the current fiscal year.
Celanese Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. Celanese's dividend payout ratio is currently -0.86%.
Analyst Upgrades and Downgrades
CE has been the topic of several research analyst reports. Jefferies Financial Group decreased their price target on shares of Celanese from $102.00 to $82.00 in a research note on Thursday, December 5th. Vertical Research upgraded shares of Celanese from a "sell" rating to a "hold" rating and set a $66.00 price target on the stock in a research note on Thursday. BMO Capital Markets decreased their target price on shares of Celanese from $73.00 to $46.00 and set an "underperform" rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. decreased their target price on shares of Celanese from $92.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Finally, Morgan Stanley decreased their target price on shares of Celanese from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Celanese currently has a consensus rating of "Hold" and an average target price of $72.31.
Read Our Latest Research Report on Celanese
Celanese Company Profile
(
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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