one8zero8 LLC Buys Shares of 10,125 Celanese Co. (NYSE:CE)

one8zero8 LLC acquired a new stake in shares of Celanese Co. (NYSE:CE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,125 shares of the basic materials company's stock, valued at approximately $701,000.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings 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 during the period. Thrivent Financial for Lutherans raised its holdings in shares of Celanese by 608.2% during the third quarter. Thrivent Financial for Lutherans now owns 689,570 shares of the basic materials company's stock worth $93,754,000 after purchasing an additional 592,196 shares during the period. KBC Group NV raised its holdings in shares of Celanese by 139.8% during the fourth quarter. KBC Group NV now owns 512,253 shares of the basic materials company's stock worth $35,453,000 after purchasing an additional 298,596 shares during the period. ING Groep NV acquired a new stake in shares of Celanese during the fourth quarter worth $14,566,000. Finally, 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 worth $353,145,000 after purchasing an additional 177,552 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Celanese Trading Down 0.8 %

Shares of CE traded down $0.45 during midday trading on Thursday, hitting $56.75. The stock had a trading volume of 1,723,613 shares, compared to its average volume of 1,606,101. Celanese Co. has a fifty-two week low of $45.94 and a fifty-two week high of $172.16. The business has a 50-day simple moving average of $63.31 and a two-hundred day simple moving average of $87.72. The firm has a market cap of $6.21 billion, a P/E ratio of -4.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

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Celanese (NYSE:CE - Get Free Report) last announced its 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. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. As a group, equities analysts forecast that Celanese Co. will post 8.79 EPS for the current year.

Celanese Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Tuesday, February 25th. Celanese's payout ratio is presently -0.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CE shares. Citigroup raised shares of Celanese to a "neutral" rating and increased their price objective for the stock from $73.00 to $76.00 in a report on Thursday, January 23rd. Alembic Global Advisors raised shares of Celanese from a "neutral" rating to an "overweight" rating and set a $70.00 price objective on the stock in a report on Monday. Robert W. Baird dropped their price objective on shares of Celanese from $110.00 to $67.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company dropped their price objective on shares of Celanese from $75.00 to $55.00 and set an "equal weight" rating on the stock in a report on Thursday, February 20th. Finally, UBS Group dropped their price objective on shares of Celanese from $72.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Celanese currently has an average rating of "Hold" and an average target price of $72.18.

About Celanese

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.