Jump Financial LLC Decreases Position in Celestica Inc. (NYSE:CLS)

Jump Financial LLC trimmed its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 89.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,487 shares of the technology company's stock after selling 235,022 shares during the quarter. Jump Financial LLC's holdings in Celestica were worth $2,445,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC acquired a new position in shares of Celestica during the 4th quarter worth $30,000. Pinpoint Asset Management Ltd boosted its holdings in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after buying an additional 182 shares in the last quarter. Bessemer Group Inc. purchased a new position in Celestica in the fourth quarter valued at about $42,000. R Squared Ltd acquired a new stake in shares of Celestica during the 4th quarter valued at approximately $51,000. Finally, IFP Advisors Inc boosted its stake in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after acquiring an additional 368 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. CIBC lowered their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday. TD Securities lifted their price objective on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus increased their target price on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.25.

Celestica Trading Up 4.4 %

NYSE:CLS traded up $3.56 during mid-day trading on Friday, reaching $84.12. The company's stock had a trading volume of 5,273,486 shares, compared to its average volume of 3,092,215. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market cap of $9.75 billion, a P/E ratio of 22.49 and a beta of 2.09. The company's fifty day simple moving average is $93.69 and its two-hundred day simple moving average is $91.18. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27.

Insider Buying and Selling

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Todd C. Cooper sold 65,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the transaction, the president now owns 110,426 shares in the company, valued at approximately $14,331,086.28. This trade represents a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 934,381 shares of company stock valued at $116,673,769. Insiders own 1.00% of the company's stock.

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.