Credit Suisse AG Buys 19,443 Shares of Celestica Inc. (NYSE:CLS)


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Credit Suisse AG raised its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 23.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,737 shares of the technology company’s stock after purchasing an additional 19,443 shares during the quarter. Credit Suisse AG owned 0.08% of Celestica worth $829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pendal Group Limited purchased a new stake in Celestica during the 4th quarter valued at $112,000. Great West Life Assurance Co. Can boosted its position in shares of Celestica by 13.3% during the third quarter. Great West Life Assurance Co. Can now owns 17,726 shares of the technology company’s stock valued at $122,000 after buying an additional 2,082 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Celestica in the 4th quarter worth about $172,000. Schonfeld Strategic Advisors LLC raised its position in Celestica by 170.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 36,300 shares of the technology company’s stock worth $251,000 after buying an additional 22,886 shares during the last quarter. Finally, Boston Private Wealth LLC lifted its stake in Celestica by 11.3% during the 4th quarter. Boston Private Wealth LLC now owns 43,300 shares of the technology company’s stock valued at $349,000 after acquiring an additional 4,403 shares during the period. Institutional investors own 57.17% of the company’s stock.

CLS opened at $8.62 on Thursday. The company has a 50 day simple moving average of $8.50 and a two-hundred day simple moving average of $7.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.67 and a quick ratio of 0.97. The firm has a market cap of $1.11 billion, a P/E ratio of 31.93, a PEG ratio of 0.36 and a beta of 2.48. Celestica Inc. has a 1-year low of $3.48 and a 1-year high of $9.38.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Tuesday, January 26th. The technology company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. Celestica had a net margin of 0.57% and a return on equity of 8.57%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. Celestica’s quarterly revenue was down 7.1% compared to the same quarter last year. Equities analysts anticipate that Celestica Inc. will post 0.82 earnings per share for the current year.

Several brokerages recently issued reports on CLS. Royal Bank of Canada raised their target price on shares of Celestica from $7.50 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, January 28th. Zacks Investment Research raised Celestica from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a report on Wednesday, February 3rd. Finally, TD Securities boosted their price target on Celestica from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Thursday, January 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $8.71.

Celestica Profile

Celestica Inc provides hardware platform and supply chain solutions in North America, Europe, and Asia. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, engineering, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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