Celanese Co. (NYSE:CE) Stock Position Lowered by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC trimmed its holdings in shares of Celanese Co. (NYSE:CE - Free Report) by 71.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,330 shares of the basic materials company's stock after selling 21,362 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Celanese were worth $577,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CE. UMB Bank n.a. grew its holdings in shares of Celanese by 103.7% in the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 194 shares in the last quarter. CKW Financial Group increased its position in shares of Celanese by 52.9% during the fourth quarter. CKW Financial Group now owns 535 shares of the basic materials company's stock worth $37,000 after acquiring an additional 185 shares during the period. CENTRAL TRUST Co raised its position in Celanese by 43.2% during the 4th quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Celanese by 200.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 498 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Celanese by 51.1% in the 4th quarter. Brooklyn Investment Group now owns 1,129 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 382 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

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Analyst Ratings Changes

CE has been the subject of several analyst reports. Vertical Research raised shares of Celanese from a "sell" rating to a "hold" rating and set a $66.00 price target for the company in a research report on Thursday, March 6th. KeyCorp dropped their price target on Celanese from $76.00 to $71.00 and set an "overweight" rating on the stock in a research note on Monday. Piper Sandler reiterated an "underweight" rating and issued a $48.00 price objective (down previously from $50.00) on shares of Celanese in a research note on Monday, April 7th. Morgan Stanley dropped their target price on Celanese from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, Royal Bank of Canada cut shares of Celanese from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $84.00 to $56.00 in a report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $63.61.

Celanese Trading Down 0.5 %

NYSE CE traded down $0.21 during mid-day trading on Tuesday, hitting $38.98. The company's stock had a trading volume of 346,803 shares, compared to its average volume of 1,944,694. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.34 and a quick ratio of 0.76. Celanese Co. has a 52-week low of $36.29 and a 52-week high of $169.50. The stock's fifty day simple moving average is $54.37 and its two-hundred day simple moving average is $76.71. The firm has a market capitalization of $4.26 billion, a P/E ratio of -2.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08.

Celanese (NYSE:CE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.36 billion. Research analysts expect that Celanese Co. will post 8.79 EPS for the current year.

Celanese Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date was Tuesday, February 25th. Celanese's payout ratio is -0.86%.

Celanese Company Profile

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.