Jump Financial LLC Takes Position in Celanese Co. (NYSE:CE)

Jump Financial LLC bought a new position in shares of Celanese Co. (NYSE:CE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,913 shares of the basic materials company's stock, valued at approximately $409,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its position in Celanese by 14.0% during the third quarter. Barclays PLC now owns 281,709 shares of the basic materials company's stock valued at $38,300,000 after acquiring an additional 34,658 shares during the period. Pine Valley Investments Ltd Liability Co grew its position in Celanese by 29.0% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 17,397 shares of the basic materials company's stock valued at $2,365,000 after acquiring an additional 3,906 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Celanese in the third quarter worth about $179,000. Oddo BHF Asset Management Sas purchased a new stake in shares of Celanese in the third quarter worth about $1,302,000. Finally, Principal Financial Group Inc. boosted its position in shares of Celanese by 11.8% in the third quarter. Principal Financial Group Inc. now owns 128,201 shares of the basic materials company's stock worth $17,430,000 after buying an additional 13,503 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Celanese Stock Performance

Shares of CE traded up $0.27 during trading hours on Monday, reaching $43.80. 2,875,886 shares of the company's stock traded hands, compared to its average volume of 2,027,298. Celanese Co. has a twelve month low of $36.29 and a twelve month high of $169.50. The business's fifty day simple moving average is $49.28 and its two-hundred day simple moving average is $70.16. 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 firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of -3.14, a P/E/G ratio of 1.05 and a beta of 1.08.

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. The firm 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, April 28th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a $0.12 annualized dividend and a yield of 0.27%. Celanese's dividend payout ratio (DPR) is currently -0.86%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America decreased their target price on Celanese from $88.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Mizuho set a $45.00 target price on Celanese in a research report on Tuesday, April 15th. Robert W. Baird decreased their target price on Celanese from $110.00 to $67.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Barclays cut their price target on Celanese from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Finally, Evercore ISI reduced their price target on Celanese from $85.00 to $75.00 and set an "in-line" rating for the company in a report on Monday, March 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $61.33.

Celanese 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.