Marshall Wace North America L.P. bought a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 43,979 shares of the technology company’s stock, valued at approximately $616,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in Celestica by 16.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,678 shares of the technology company’s stock valued at $155,000 after buying an additional 1,508 shares during the last quarter. AXA purchased a new stake in Celestica during the 1st quarter valued at $212,000. Eqis Capital Management Inc. raised its stake in Celestica by 15.7% during the 2nd quarter. Eqis Capital Management Inc. now owns 23,266 shares of the technology company’s stock valued at $316,000 after buying an additional 3,151 shares during the last quarter. KCG Holdings Inc. raised its stake in Celestica by 26.2% during the 1st quarter. KCG Holdings Inc. now owns 24,769 shares of the technology company’s stock valued at $360,000 after buying an additional 5,137 shares during the last quarter. Finally, Airain ltd bought a new stake in shares of Celestica during the 1st quarter valued at $361,000. Institutional investors and hedge funds own 59.83% of the company’s stock.
A number of equities research analysts have recently issued reports on CLS shares. Standpoint Research raised shares of Celestica from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. They noted that the move was a valuation call. Canaccord Genuity reissued a “buy” rating on shares of Celestica in a research report on Friday, July 28th. BMO Capital Markets cut their price objective on shares of Celestica from $14.50 to $13.40 and set a “market perform” rating for the company in a research report on Wednesday, July 26th. Bank of America Corporation started coverage on shares of Celestica in a research report on Thursday, June 15th. They set a “neutral” rating and a $15.50 price objective for the company. Finally, Macquarie downgraded shares of Celestica from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.92.
Celestica, Inc. (NYSE CLS) opened at 12.29 on Wednesday. Celestica, Inc. has a one year low of $10.16 and a one year high of $14.74. The company has a market cap of $1.76 billion, a P/E ratio of 13.36 and a beta of 0.67. The company has a 50-day moving average of $11.77 and a 200 day moving average of $13.37.
Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.08). Celestica had a net margin of 2.12% and a return on equity of 13.64%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts anticipate that Celestica, Inc. will post $1.27 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This piece was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/2887956/marshall-wace-north-america-l-p-buys-shares-of-43979-celestica-inc-cls.html.
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.
Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica, Inc. (NYSE:CLS) (TSE:CLS).
Receive News & Ratings for Celestica Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica Inc. and related companies with MarketBeat.com's FREE daily email newsletter.