Celanese Co. (NYSE:CE) Shares Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lifted its holdings in Celanese Co. (NYSE:CE - Free Report) by 208.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,402 shares of the basic materials company's stock after purchasing an additional 152,441 shares during the period. Gateway Investment Advisers LLC owned about 0.21% of Celanese worth $15,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Celanese by 27.4% during the third quarter. Wellington Management Group LLP now owns 9,460,353 shares of the basic materials company's stock worth $1,286,230,000 after purchasing an additional 2,036,362 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Celanese by 608.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 689,570 shares of the basic materials company's stock worth $93,754,000 after buying an additional 592,196 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Celanese by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,606,172 shares of the basic materials company's stock valued at $353,145,000 after acquiring an additional 177,552 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Celanese by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,161,298 shares of the basic materials company's stock valued at $156,663,000 after acquiring an additional 150,201 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Celanese by 3.1% in the third quarter. State Street Corp now owns 4,500,813 shares of the basic materials company's stock valued at $611,931,000 after acquiring an additional 136,994 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CE. Jefferies Financial Group reduced their price objective on Celanese from $102.00 to $82.00 in a research note on Thursday, December 5th. Mizuho decreased their price target on shares of Celanese from $120.00 to $86.00 and set a "neutral" rating on the stock in a research note on Thursday, December 5th. UBS Group cut shares of Celanese from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $161.00 to $97.00 in a research note on Monday, November 11th. KeyCorp lowered shares of Celanese from an "overweight" rating to a "sector weight" rating in a research note on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Celanese from a "hold" rating to a "buy" rating and lowered their target price for the stock from $135.00 to $110.00 in a report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $106.00.

Celanese Trading Up 1.1 %

CE stock traded up $0.80 during mid-day trading on Friday, hitting $72.70. 1,737,566 shares of the company were exchanged, compared to its average volume of 2,058,714. Celanese Co. has a 12-month low of $64.05 and a 12-month high of $172.16. The firm has a market capitalization of $7.95 billion, a P/E ratio of 7.31, a PEG ratio of 0.62 and a beta of 1.18. The business has a fifty day simple moving average of $70.71 and a 200-day simple moving average of $109.60. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.47.

Celanese (NYSE:CE - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 earnings per share for the quarter, missing analysts' consensus estimates of $2.85 by ($0.41). Celanese had a return on equity of 13.17% and a net margin of 10.40%. The company had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the previous year, the business posted $2.50 EPS. The business's revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts predict that Celanese Co. will post 8.13 earnings per share for the current fiscal year.

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.