Celestica Inc. (NYSE:CLS) Shares Bought by Broad Peak Investment Advisers Pte Ltd

Broad Peak Investment Advisers Pte Ltd increased its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 53.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 524,245 shares of the technology company's stock after buying an additional 183,300 shares during the period. Celestica comprises 8.2% of Broad Peak Investment Advisers Pte Ltd's investment portfolio, making the stock its 7th largest holding. Broad Peak Investment Advisers Pte Ltd owned approximately 0.44% of Celestica worth $26,799,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CLS. Optimum Investment Advisors raised its stake in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Celestica during the third quarter worth approximately $30,000. UMB Bank n.a. bought a new position in Celestica during the third quarter valued at about $34,000. Wolff Wiese Magana LLC raised its holdings in shares of Celestica by 32.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company's stock worth $40,000 after purchasing an additional 170 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in Celestica in the 3rd quarter worth about $51,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Down 1.9 %

Celestica stock traded down $1.57 on Thursday, hitting $80.48. 2,111,408 shares of the stock traded hands, compared to its average volume of 2,283,741. Celestica Inc. has a 1 year low of $25.83 and a 1 year high of $87.99. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The firm has a market cap of $9.55 billion, a P/E ratio of 26.01 and a beta of 2.24. The business's fifty day simple moving average is $59.12 and its 200 day simple moving average is $55.29.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays initiated coverage on Celestica in a report on Tuesday, November 5th. They issued an "overweight" rating and a $91.00 price objective on the stock. Royal Bank of Canada increased their target price on Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. CIBC raised their target price on shares of Celestica from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, July 26th. TD Cowen boosted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, TD Securities boosted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $69.10.

Celestica Profile

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.