Sora Investors LLC acquired a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,000 shares of the technology company's stock, valued at approximately $7,668,000. Sora Investors LLC owned 0.13% of Celestica as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp purchased a new position in shares of Celestica during the third quarter worth $452,000. Stifel Financial Corp raised its stake in shares of Celestica by 2,107.2% during the 3rd quarter. Stifel Financial Corp now owns 107,379 shares of the technology company's stock valued at $5,489,000 after buying an additional 102,514 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company's stock valued at $55,451,000 after buying an additional 301,563 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in Celestica during the third quarter worth about $767,000. Finally, Polymer Capital Management HK LTD purchased a new position in Celestica during the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 67.38% of the company's stock.
Celestica Price Performance
Shares of CLS traded up $3.26 during trading hours on Friday, hitting $95.34. 1,381,090 shares of the stock were exchanged, compared to its average volume of 2,286,424. The stock's 50-day moving average price is $71.73 and its two-hundred day moving average price is $59.56. Celestica Inc. has a 12-month low of $26.00 and a 12-month high of $96.00. 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 company has a market cap of $11.09 billion, a price-to-earnings ratio of 29.23 and a beta of 2.27.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Research analysts expect that Celestica Inc. will post 3.44 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. UBS Group began coverage on shares of Celestica in a research note on Friday, November 22nd. They set a "neutral" rating and a $95.00 price objective on the stock. TD Securities upped their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. TD Cowen lifted their price target on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. BMO Capital Markets increased their price target on Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus boosted their price objective on Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.45.
Read Our Latest Analysis on CLS
About Celestica
(
Free Report)
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.
Further Reading
Before you consider Celestica, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Celestica wasn't on the list.
While Celestica currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
