ClariVest Asset Management LLC increased its position in Celestica Inc. (NYSE:CLS) by 116.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 190,032 shares of the company’s stock after buying an additional 102,132 shares during the period. ClariVest Asset Management LLC’s holdings in Celestica were worth $1,766,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in Celestica during the second quarter worth about $135,000. Quadrature Capital Ltd bought a new position in Celestica during the first quarter worth about $416,000. Scotia Capital Inc. boosted its position in Celestica by 61.6% in the first quarter. Scotia Capital Inc. now owns 65,860 shares of the company’s stock worth $718,000 after buying an additional 25,108 shares in the last quarter. Aperio Group LLC boosted its position in Celestica by 9.1% in the first quarter. Aperio Group LLC now owns 102,356 shares of the company’s stock worth $1,124,000 after buying an additional 8,579 shares in the last quarter. Finally, CIBC World Markets Inc. boosted its position in Celestica by 60.0% in the second quarter. CIBC World Markets Inc. now owns 129,460 shares of the company’s stock worth $1,204,000 after buying an additional 48,540 shares in the last quarter. Institutional investors and hedge funds own 71.85% of the company’s stock.
Celestica Inc. (NYSE:CLS) traded down 0.76% during midday trading on Wednesday, hitting $10.40. 142,780 shares of the stock were exchanged. The company’s 50 day moving average is $10.65 and its 200-day moving average is $10.50. The stock has a market cap of $1.46 billion, a PE ratio of 17.90 and a beta of 1.19. Celestica Inc. has a 1-year low of $8.07 and a 1-year high of $13.29.
Celestica (NYSE:CLS) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Celestica had a net margin of 1.47% and a return on equity of 10.26%. The company earned $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the business earned $0.25 earnings per share. On average, analysts expect that Celestica Inc. will post $1.17 earnings per share for the current year.
A number of research firms recently issued reports on CLS. Zacks Investment Research cut shares of Celestica from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. B. Riley reiterated a “neutral” rating and set a $11.00 price objective on shares of Celestica in a research report on Monday, July 25th. Canaccord Genuity upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, July 22nd. Finally, Macquarie cut shares of Celestica from an “outperform” rating to a “neutral” rating in a research report on Friday, July 29th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average 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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