D. E. Shaw & Co. Inc. Has $8.03 Million Stake in Celestica Inc (CLS)
D. E. Shaw & Co. Inc. grew its stake in Celestica Inc (NYSE:CLS) (TSE:CLS) by 44.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 915,138 shares of the technology company’s stock after purchasing an additional 283,636 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.67% of Celestica worth $8,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in Celestica by 10,347.4% in the fourth quarter. Citigroup Inc. now owns 12,119 shares of the technology company’s stock valued at $106,000 after acquiring an additional 12,003 shares during the last quarter. Gluskin Sheff & Assoc Inc. lifted its stake in Celestica by 100.2% during the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 22,700 shares of the technology company’s stock worth $199,000 after purchasing an additional 11,360 shares in the last quarter. Geode Capital Management LLC acquired a new position in Celestica during the fourth quarter worth $211,000. ClariVest Asset Management LLC acquired a new position in Celestica during the fourth quarter worth $223,000. Finally, Virtu Financial LLC acquired a new position in Celestica during the third quarter worth $230,000. Institutional investors and hedge funds own 65.75% of the company’s stock.
CLS has been the topic of a number of research reports. TD Securities decreased their price target on Celestica from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, February 1st. Macquarie cut Celestica from an “outperform” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Friday, February 1st. Royal Bank of Canada decreased their price target on Celestica from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, February 1st. Scotiabank cut Celestica from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $11.00 price target on shares of Celestica in a research note on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Celestica presently has a consensus rating of “Hold” and an average target price of $10.17.
Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Thursday, January 31st. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.11 by $0.33. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Celestica had a return on equity of 7.51% and a net margin of 1.49%. As a group, analysts anticipate that Celestica Inc will post 0.39 earnings per share for the current year.
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Celestica Company Profile
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, 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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