Nebula Research & Development LLC Trims Stock Position in Celestica Inc. (NYSE:CLS)

Nebula Research & Development LLC trimmed its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 29.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,252 shares of the technology company's stock after selling 5,145 shares during the period. Nebula Research & Development LLC's holdings in Celestica were worth $1,131,000 at the end of the most recent reporting period.

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

Celestica Trading Down 3.3 %

NYSE:CLS opened at $89.13 on Friday. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 23.83 and a beta of 2.09. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The business's 50-day simple moving average is $89.22 and its 200 day simple moving average is $92.28.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CLS shares. JPMorgan Chase & Co. cut their price objective on Celestica from $166.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. TD Securities raised their price target on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. CIBC decreased their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus increased their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Finally, Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.00.

Insider Buying and Selling at Celestica

In other news, insider Yann L. Etienvre sold 83,179 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $10,171,128.12. Following the completion of the sale, the insider now owns 9,224 shares of the company's stock, valued at approximately $1,127,910.72. The trade was a 90.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Todd C. Cooper sold 9,538 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the transaction, the president now directly owns 175,426 shares in the company, valued at $22,373,832.04. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 934,381 shares of company stock valued at $116,673,769 in the last three months. Corporate insiders own 1.00% of the company's stock.

Celestica 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.

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