SeaCrest Wealth Management LLC Purchases Shares of 10,246 Celestica Inc. (NYSE:CLS)

SeaCrest Wealth Management LLC acquired a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,246 shares of the technology company's stock, valued at approximately $946,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CLS. Optimum Investment Advisors lifted its stake in Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Celestica in the 3rd quarter valued at approximately $30,000. UMB Bank n.a. acquired a new stake in shares of Celestica in the 3rd quarter valued at $34,000. Private Trust Co. NA grew its stake in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock worth $44,000 after purchasing an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of Celestica during the third quarter worth $51,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on CLS. Stifel Nicolaus increased their price objective on Celestica from $70.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Canaccord Genuity Group boosted their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. TD Cowen upped their target price on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. BMO Capital Markets upped their price target on shares of Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Barclays began coverage on shares of Celestica in a research report on Tuesday, November 5th. They set an "overweight" rating and a $91.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Celestica currently has an average rating of "Moderate Buy" and a consensus price target of $81.45.

Celestica Stock Performance

Shares of CLS stock traded up $4.06 during trading hours on Thursday, reaching $111.56. 2,861,119 shares of the company's stock were exchanged, compared to its average volume of 2,314,504. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 1 year low of $26.62 and a 1 year high of $115.52. The company has a market cap of $12.98 billion, a P/E ratio of 35.44 and a beta of 2.25. The company's 50 day moving average is $92.09 and its two-hundred day moving average is $67.85.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.11. The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. Celestica's revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. Equities research analysts anticipate that Celestica Inc. will post 3.44 EPS for the current fiscal year.

Insider Activity at Celestica

In related news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares of the company's stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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.