Fuller & Thaler Asset Management Inc. Has $162.27 Million Position in Celanese Co. (NYSE:CE)

Fuller & Thaler Asset Management Inc. raised its stake in Celanese Co. (NYSE:CE - Free Report) by 4,506.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,344,661 shares of the basic materials company's stock after buying an additional 2,293,764 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 2.14% of Celanese worth $162,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC increased its stake in shares of Celanese by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 7,213 shares of the basic materials company's stock worth $521,000 after acquiring an additional 351 shares during the last quarter. Twelve Points Wealth Management LLC increased its position in Celanese by 157.8% in the 4th quarter. Twelve Points Wealth Management LLC now owns 10,124 shares of the basic materials company's stock worth $701,000 after purchasing an additional 6,197 shares during the last quarter. First Hawaiian Bank raised its stake in shares of Celanese by 116.0% during the 4th quarter. First Hawaiian Bank now owns 15,400 shares of the basic materials company's stock worth $1,066,000 after purchasing an additional 8,269 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Celanese during the 4th quarter valued at about $555,000. Finally, New England Research & Management Inc. bought a new stake in shares of Celanese in the 4th quarter valued at approximately $768,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Celanese Stock Up 5.5 %

Shares of CE stock opened at $41.48 on Wednesday. The stock has a market cap of $4.53 billion, a P/E ratio of -2.98, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.34 and a quick ratio of 0.76. The stock has a fifty day moving average price of $51.05 and a 200 day moving average price of $73.12. Celanese Co. has a one year low of $36.29 and a one year high of $169.50.

Celanese (NYSE:CE - Get Free Report) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.20. The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. Analysts predict that Celanese Co. will post 8.79 earnings per share for the current year.

Celanese Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $0.12 annualized dividend and a yield of 0.29%. Celanese's dividend payout ratio is currently -0.86%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CE. Citigroup reduced their target price on shares of Celanese from $58.00 to $52.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Mizuho set a $45.00 price objective on shares of Celanese in a report on Tuesday, April 15th. Bank of America cut their target price on Celanese from $88.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Royal Bank of Canada downgraded Celanese from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $84.00 to $56.00 in a research note on Thursday, February 20th. Finally, Wells Fargo & Company cut their price objective on Celanese from $55.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $61.33.

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.

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