Holocene Advisors LP Has $46.60 Million Position in Celestica, Inc. $CLS

Holocene Advisors LP increased its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 58.7% in the third quarter, Holdings Channel reports. The institutional investor owned 189,129 shares of the technology company’s stock after buying an additional 69,981 shares during the period. Holocene Advisors LP’s holdings in Celestica were worth $46,598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Flow Traders U.S. LLC acquired a new stake in Celestica in the 3rd quarter valued at approximately $375,000. Focus Partners Wealth boosted its position in Celestica by 17.2% during the 3rd quarter. Focus Partners Wealth now owns 5,609 shares of the technology company’s stock worth $1,303,000 after acquiring an additional 822 shares during the last quarter. Divisadero Street Capital Management LP grew its stake in shares of Celestica by 138.2% during the 3rd quarter. Divisadero Street Capital Management LP now owns 196,211 shares of the technology company’s stock worth $48,342,000 after acquiring an additional 113,850 shares in the last quarter. CSM Advisors LLC bought a new position in shares of Celestica during the 3rd quarter worth approximately $1,402,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Celestica by 93.4% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,412 shares of the technology company’s stock valued at $2,287,000 after purchasing an additional 4,546 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

Shares of CLS opened at $270.77 on Tuesday. The company has a market cap of $31.15 billion, a price-to-earnings ratio of 37.71 and a beta of 1.88. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The company’s fifty day simple moving average is $292.13 and its 200 day simple moving average is $288.16. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CLS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research report on Wednesday, January 21st. Citigroup lowered their price target on shares of Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Celestica from $400.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Finally, Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $354.24.

Insider Buying and Selling at Celestica

In other news, President Todd C. Cooper sold 1,065 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $301,938.15. Following the sale, the president directly owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 297,923 shares of company stock worth $88,027,459 over the last quarter. 0.52% of the stock is currently owned by insiders.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.