Hillsdale Investment Management Inc. lowered its position in shares of Celestica Inc (NYSE:CLS) (TSE:CLS) by 2.2% during the first quarter, Holdings Channel reports. The fund owned 1,760,136 shares of the technology company’s stock after selling 39,300 shares during the period. Celestica accounts for 5.1% of Hillsdale Investment Management Inc.’s portfolio, making the stock its largest position. Hillsdale Investment Management Inc.’s holdings in Celestica were worth $25,550,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Guardian Capital LP acquired a new stake in shares of Celestica during the fourth quarter worth approximately $1,322,000. Numeric Investors LLC increased its stake in shares of Celestica by 487.7% in the fourth quarter. Numeric Investors LLC now owns 114,600 shares of the technology company’s stock worth $1,360,000 after buying an additional 95,100 shares during the last quarter. Bogle Investment Management L P DE acquired a new stake in shares of Celestica during the fourth quarter worth approximately $1,992,000. Foundry Partners LLC increased its stake in shares of Celestica by 13.6% in the first quarter. Foundry Partners LLC now owns 561,561 shares of the technology company’s stock worth $8,159,000 after buying an additional 67,054 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Celestica by 2.4% in the first quarter. Acadian Asset Management LLC now owns 2,741,936 shares of the technology company’s stock worth $39,761,000 after buying an additional 64,900 shares during the last quarter. 71.79% of the stock is owned by institutional investors.
Shares of Celestica Inc (NYSE:CLS) traded up 1.10% during trading on Friday, hitting $13.73. The stock had a trading volume of 269,587 shares. The firm has a market capitalization of $1.96 billion, a P/E ratio of 14.76 and a beta of 1.01. Celestica Inc has a 1-year low of $8.83 and a 1-year high of $14.74. The stock’s 50-day moving average price is $14.21 and its 200 day moving average price is $13.18.
Celestica (NYSE:CLS) last issued its quarterly earnings results on Thursday, April 20th. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. Celestica had a return on equity of 14.03% and a net margin of 2.27%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business posted $0.26 EPS. Celestica’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Celestica Inc will post $1.30 earnings per share for the current year.
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A number of analysts recently commented on CLS shares. Stifel Nicolaus increased their price target on Celestica from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, January 27th. BMO Capital Markets set a $15.00 price target on Celestica and gave the company a “hold” rating in a research report on Friday, January 27th. Macquarie raised Celestica from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Friday, January 27th. Citigroup Inc raised Celestica from a “sell” rating to a “neutral” rating and increased their price target for the company from $11.50 to $15.00 in a research report on Thursday, April 6th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $15.00 price target on shares of Celestica in a research report on Friday, April 21st. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $14.03.
Celestica Inc is a provider of supply chain solutions. 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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