FNY Investment Advisers LLC Sells 7,934 Shares of Celestica, Inc. $CLS

FNY Investment Advisers LLC cut its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 58.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,546 shares of the technology company’s stock after selling 7,934 shares during the period. FNY Investment Advisers LLC’s holdings in Celestica were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CLS. Allworth Financial LP increased its holdings in shares of Celestica by 509.3% in the second quarter. Allworth Financial LP now owns 1,249 shares of the technology company’s stock valued at $195,000 after purchasing an additional 1,044 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Celestica by 91.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,727 shares of the technology company’s stock worth $1,518,000 after buying an additional 4,645 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Celestica by 27.6% during the 2nd quarter. Geode Capital Management LLC now owns 962,521 shares of the technology company’s stock worth $153,449,000 after buying an additional 208,249 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in Celestica by 45.5% in the 2nd quarter. Foundations Investment Advisors LLC now owns 4,790 shares of the technology company’s stock valued at $748,000 after buying an additional 1,498 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Celestica in the 2nd quarter valued at $1,018,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America started coverage on Celestica in a research note on Wednesday, January 28th. They set a “buy” rating and a $400.00 price target on the stock. TD Cowen restated a “hold” rating on shares of Celestica in a research report on Friday, January 30th. Canadian Imperial Bank of Commerce reduced their target price on shares of Celestica from $400.00 to $360.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 11th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.24.

Insider Buying and Selling

In related news, insider Yann L. Etienvre sold 86,229 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $24,786,526.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the completion of the sale, the president directly owned 12,584 shares of the company’s stock, valued at $3,887,449.28. The trade was a 88.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 297,923 shares of company stock valued at $88,027,459 in the last 90 days. 0.52% of the stock is owned by insiders.

Celestica Price Performance

Shares of CLS opened at $273.85 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40. The stock has a market cap of $31.50 billion, a P/E ratio of 38.14 and a beta of 1.88. The stock’s 50-day moving average price is $291.02 and its two-hundred day moving average price is $288.67.

Celestica 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.