Emerald Acquisition Ltd. bought a new position in Celestica Inc. (NYSE:CLS) during the second quarter, Holdings Channel reports. The fund bought 98,465 shares of the company’s stock, valued at approximately $914,000. Emerald Acquisition Ltd. owned approximately 0.07% of Celestica at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in CLS. 1832 Asset Management L.P. boosted its position in shares of Celestica by 33.9% in the first quarter. 1832 Asset Management L.P. now owns 6,961,368 shares of the company’s stock worth $124,751,000 after buying an additional 1,761,838 shares in the last quarter. Chubb Ltd. bought a new position in shares of Celestica during the first quarter worth approximately $10,754,000. Foundry Partners LLC bought a new position in shares of Celestica during the second quarter worth approximately $4,380,000. Royal Bank of Canada boosted its position in shares of Celestica by 26.0% in the first quarter. Royal Bank of Canada now owns 2,273,147 shares of the company’s stock worth $24,959,000 after buying an additional 468,406 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Celestica during the second quarter worth approximately $1,896,000. 71.85% of the stock is currently owned by institutional investors.
Shares of Celestica Inc. (NYSE:CLS) traded down 1.0410% on Wednesday, hitting $10.3709. The stock had a trading volume of 53,345 shares. The firm has a market cap of $1.46 billion, a P/E ratio of 17.8501 and a beta of 1.19. The firm’s 50-day moving average price is $10.65 and its 200 day moving average price is $10.50. Celestica Inc. has a 12 month low of $8.07 and a 12 month high of $13.29.
Celestica (NYSE:CLS) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business earned $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Celestica had a net margin of 1.47% and a return on equity of 10.26%. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Analysts anticipate that Celestica Inc. will post $1.17 EPS for the current fiscal year.
CLS has been the topic of a number of recent research reports. Macquarie cut Celestica from an “outperform” rating to a “neutral” rating in a report on Friday, July 29th. Zacks Investment Research cut Celestica from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Canaccord Genuity raised Celestica from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Friday, July 22nd. Finally, B. Riley reissued a “neutral” rating and set a $11.00 price target on shares of Celestica in a report on Monday, July 25th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.71.
Celestica Company Profile
Celestica Inc is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.
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