Fox Run Management L.L.C. Sells 6,244 Shares of Celestica Inc. (NYSE:CLS)

Fox Run Management L.L.C. lowered its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 26.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,350 shares of the technology company's stock after selling 6,244 shares during the quarter. Fox Run Management L.L.C.'s holdings in Celestica were worth $1,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Independent Advisor Alliance raised its position in Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock valued at $2,731,000 after purchasing an additional 79 shares during the last quarter. Jones Financial Companies Lllp raised its position in Celestica by 4.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock worth $188,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. lifted its holdings in Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock worth $88,000 after buying an additional 288 shares in the last quarter. Peregrine Capital Management LLC bought a new position in Celestica in the 4th quarter valued at $30,000. Finally, Pier Capital LLC increased its stake in shares of Celestica by 0.4% in the 3rd quarter. Pier Capital LLC now owns 93,055 shares of the technology company's stock valued at $4,757,000 after buying an additional 335 shares during the period. 67.38% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

CLS has been the topic of several analyst reports. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Barclays boosted their price objective on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. started coverage on Celestica in a report on Friday, February 21st. They set an "overweight" rating and a $166.00 price objective on the stock. CIBC upgraded shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price on the stock in a report on Friday, January 31st. Finally, TD Securities raised their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Celestica has a consensus rating of "Moderate Buy" and a consensus target price of $110.83.

Celestica Stock Down 3.1 %

NYSE CLS traded down $3.06 during trading hours on Tuesday, hitting $96.92. The company's stock had a trading volume of 2,330,786 shares, compared to its average volume of 2,739,995. The company has a market capitalization of $11.24 billion, a PE ratio of 25.93 and a beta of 2.21. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The company's 50-day simple moving average is $109.73 and its two-hundred day simple moving average is $87.11. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Insider Activity at Celestica

In related news, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the sale, the insider now directly owns 83,179 shares in the company, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert Mionis sold 75,000 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the completion of the transaction, the chief executive officer now directly owns 456,417 shares in the company, valued at approximately $64,487,157.93. This represents a 14.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is owned by insiders.

Celestica Company 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.