Campbell & CO Investment Adviser LLC boosted its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,907 shares of the technology company’s stock after buying an additional 1,228 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Celestica were worth $338,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eqis Capital Management Inc. purchased a new position in shares of Celestica during the first quarter valued at about $292,000. Capital Insight Partners LLC purchased a new position in shares of Celestica during the first quarter valued at about $240,000. KAMES CAPITAL plc purchased a new position in shares of Celestica during the first quarter valued at about $1,583,000. Russell Investments Group Ltd. raised its position in shares of Celestica by 45.0% in the first quarter. Russell Investments Group Ltd. now owns 295,677 shares of the technology company’s stock valued at $4,286,000 after buying an additional 91,750 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position 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 valued at $39,761,000 after buying an additional 64,900 shares during the last quarter. Institutional investors and hedge funds own 61.42% of the company’s stock.
Celestica, Inc. (NYSE CLS) opened at 12.06 on Monday. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 13.11 and a beta of 0.69. The stock has a 50 day moving average price of $13.57 and a 200-day moving average price of $13.71. Celestica, Inc. has a 12-month low of $10.16 and a 12-month high of $14.74.
Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.08. Celestica had a return on equity of 13.64% and a net margin of 2.12%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts predict that Celestica, Inc. will post $1.27 EPS for the current fiscal year.
Several research analysts have issued reports on the company. Citigroup Inc. upgraded Celestica from a “sell” rating to a “neutral” rating and increased their price target for the stock from $11.50 to $15.00 in a report on Thursday, April 6th. Royal Bank Of Canada restated a “sector perform” rating and issued a $15.00 target price (up previously from $13.00) on shares of Celestica in a report on Sunday, April 23rd. BMO Capital Markets set a $16.00 target price on Celestica and gave the company a “hold” rating in a report on Thursday, April 20th. Scotiabank restated a “sector perform” rating and issued a $15.00 target price on shares of Celestica in a report on Friday, April 21st. Finally, TD Securities raised their target price on Celestica from $12.00 to $13.50 and gave the company a “hold” rating in a report on Friday, April 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.92.
Celestica Company Profile
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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