Guggenheim Capital LLC Has $1.30 Million Stock Holdings in Celanese Co. (NYSE:CE)

Guggenheim Capital LLC reduced its holdings in shares of Celanese Co. (NYSE:CE - Free Report) by 45.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,812 shares of the basic materials company's stock after selling 15,791 shares during the quarter. Guggenheim Capital LLC's holdings in Celanese were worth $1,302,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its stake in Celanese by 103.7% during the 4th quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 194 shares during the last quarter. CKW Financial Group raised its stake in shares of 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 lifted its position in shares of Celanese by 43.2% during the fourth quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company's stock worth $46,000 after purchasing an additional 202 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Celanese by 200.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $52,000 after purchasing an additional 498 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in Celanese by 51.1% in the fourth quarter. Brooklyn Investment Group now owns 1,129 shares of the basic materials company's stock valued at $78,000 after buying an additional 382 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Celanese Price Performance

Shares of Celanese stock traded down $0.15 on Friday, hitting $43.56. The company had a trading volume of 2,317,587 shares, compared to its average volume of 2,012,200. Celanese Co. has a 52 week low of $36.29 and a 52 week high of $169.50. The company has a market cap of $4.76 billion, a PE ratio of -3.13, a PEG ratio of 1.05 and a beta of 1.08. The business has a 50-day simple moving average of $50.03 and a 200-day simple moving average of $72.27. 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 (NYSE:CE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. Research analysts expect that Celanese Co. will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, April 28th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Monday, April 28th. Celanese's dividend payout ratio is presently -0.86%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CE shares. Royal Bank of Canada lowered Celanese from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $84.00 to $56.00 in a research report on Thursday, February 20th. Citigroup lowered 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. Morgan Stanley reduced their price target on shares of Celanese from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Piper Sandler reaffirmed an "underweight" rating and issued a $48.00 price target (down from $50.00) on shares of Celanese in a report on Monday, April 7th. Finally, Evercore ISI dropped their price objective on shares of Celanese from $85.00 to $75.00 and set an "in-line" rating on the stock in a research note on Monday, March 24th. Three 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. According to MarketBeat.com, Celanese has a consensus 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.