Sei Investments Co. Acquires 60,621 Shares of Celanese Co. (NYSE:CE)

Sei Investments Co. lifted its position in Celanese Co. (NYSE:CE - Free Report) by 91.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,660 shares of the basic materials company's stock after purchasing an additional 60,621 shares during the quarter. Sei Investments Co. owned approximately 0.12% of Celanese worth $8,766,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CE. UMB Bank n.a. grew its holdings in shares of 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 during the last quarter. CKW Financial Group increased its stake 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 in the last quarter. CENTRAL TRUST Co increased its position in shares of Celanese by 43.2% in the fourth quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company's stock valued at $46,000 after buying an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Celanese by 200.8% during the 4th 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 increased its stake in shares of Celanese by 51.1% during the 4th quarter. Brooklyn Investment Group now owns 1,129 shares of the basic materials company's stock worth $78,000 after purchasing an additional 382 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

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Celanese Price Performance

Shares of NYSE:CE traded down $9.43 during trading on Thursday, reaching $47.16. The company had a trading volume of 4,205,498 shares, compared to its average volume of 1,836,129. Celanese Co. has a twelve month low of $45.94 and a twelve month high of $171.14. The firm has a market capitalization of $5.16 billion, a PE ratio of -3.39, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The firm's fifty day moving average is $60.08 and its 200 day moving average is $82.73. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.34.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.45 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 firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. On average, equities analysts forecast that Celanese Co. will post 8.79 EPS for the current year.

Celanese Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Tuesday, February 25th. Celanese's dividend payout ratio (DPR) is -0.86%.

Analyst Ratings Changes

CE has been the subject of several analyst reports. Robert W. Baird cut their target price on shares of Celanese from $110.00 to $67.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company cut their target price on Celanese from $75.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 20th. UBS Group cut their price target on shares of Celanese from $72.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Bank of America reduced their price objective on Celanese from $88.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, 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 report on Thursday, March 6th. Three investment 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.com, Celanese currently has a consensus rating of "Hold" and a consensus target price of $66.94.

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.