Atom Investors LP Sells 21,214 Shares of Celestica Inc. (NYSE:CLS)

Atom Investors LP cut its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 15.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,478 shares of the technology company's stock after selling 21,214 shares during the quarter. Atom Investors LP owned about 0.10% of Celestica worth $6,108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLS. Vaughan Nelson Investment Management L.P. bought a new position in Celestica in the third quarter valued at about $61,210,000. Driehaus Capital Management LLC lifted its stake in shares of Celestica by 19,876.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company's stock valued at $66,770,000 after acquiring an additional 1,158,823 shares during the last quarter. Natixis Advisors LLC increased its holdings in Celestica by 1,697.3% in the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company's stock worth $11,936,000 after purchasing an additional 220,494 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd grew its holdings in shares of Celestica by 53.8% during the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company's stock worth $26,799,000 after purchasing an additional 183,300 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in Celestica during the 2nd quarter worth approximately $10,491,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on CLS. BMO Capital Markets upped their price target on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Stifel Nicolaus upped their price objective on shares of Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on shares of Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Barclays assumed coverage on shares of Celestica in a research report on Tuesday, November 5th. They set an "overweight" rating and a $91.00 price target on the stock. Finally, TD Cowen boosted their price objective on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.45.

Celestica Stock Down 0.3 %

NYSE CLS traded down $0.24 during mid-day trading on Monday, hitting $85.00. The company's stock had a trading volume of 1,827,531 shares, compared to its average volume of 2,294,994. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 27.44 and a beta of 2.24. The company's 50 day simple moving average is $68.66 and its 200 day simple moving average is $58.62. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a twelve month low of $25.83 and a twelve month high of $93.15.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm's revenue for the quarter was up 24.8% on a year-over-year basis. Analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current year.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.