Divisadero Street Capital Management LP Has $48.34 Million Stock Position in Celestica, Inc. $CLS

Divisadero Street Capital Management LP increased its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 138.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,211 shares of the technology company’s stock after purchasing an additional 113,850 shares during the quarter. Celestica makes up 2.1% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 11th largest holding. Divisadero Street Capital Management LP’s holdings in Celestica were worth $48,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after buying an additional 37 shares during the period. First Horizon Corp acquired a new stake in shares of Celestica during the third quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Celestica during the second quarter valued at approximately $40,000. Avion Wealth purchased a new stake in shares of Celestica in the 3rd quarter valued at approximately $40,000. Finally, Fifth Third Bancorp boosted its stake in Celestica by 48.7% in the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after purchasing an additional 56 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Celestica

In other news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the transaction, the president directly owned 12,584 shares of the company’s stock, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Todd C. Cooper sold 89,484 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $25,722,175.80. Following the sale, the president owned 108,970 shares of the company’s stock, valued at approximately $31,323,426.50. This represents a 45.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 297,923 shares of company stock valued at $88,027,459. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CLS has been the topic of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $400.00 price objective on shares of Celestica in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a research report on Wednesday, January 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Celestica in a report on Monday, January 26th. Canaccord Genuity Group upped their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $354.24.

Celestica Stock Down 0.4%

CLS stock opened at $263.83 on Monday. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.34. The company has a market cap of $30.35 billion, a price-to-earnings ratio of 36.75 and a beta of 1.88. The company has a 50 day moving average of $292.58 and a two-hundred day moving average of $287.75.

About Celestica

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.