State of Tennessee Treasury Department Purchases New Position in Celestica, Inc. (CLS)
State of Tennessee Treasury Department purchased a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,000 shares of the technology company’s stock, valued at approximately $217,000.
Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Celestica by 16.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,678 shares of the technology company’s stock worth $155,000 after acquiring an additional 1,508 shares during the last quarter. AXA bought a new stake in Celestica in the 1st quarter valued at about $212,000. Eqis Capital Management Inc. raised its stake in Celestica by 15.7% in the 2nd quarter. Eqis Capital Management Inc. now owns 23,266 shares of the technology company’s stock valued at $316,000 after acquiring an additional 3,151 shares during the period. Campbell & CO Investment Adviser LLC raised its stake in Celestica by 5.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 24,907 shares of the technology company’s stock valued at $338,000 after acquiring an additional 1,228 shares during the period. Finally, KCG Holdings Inc. raised its stake in Celestica by 26.2% in the 1st quarter. KCG Holdings Inc. now owns 24,769 shares of the technology company’s stock valued at $360,000 after acquiring an additional 5,137 shares during the period. Institutional investors own 59.81% of the company’s stock.
Shares of Celestica, Inc. (NYSE CLS) opened at 12.55 on Wednesday. Celestica, Inc. has a 12 month low of $10.16 and a 12 month high of $14.74. The company has a market capitalization of $1.80 billion, a PE ratio of 13.64 and a beta of 0.72. The stock’s 50 day moving average price is $11.95 and its 200 day moving average price is $13.23.
Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.08). Celestica had a return on equity of 13.64% and a net margin of 2.12%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $0.29 earnings per share. Celestica’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts forecast that Celestica, Inc. will post $1.27 EPS for the current year.
CLS has been the topic of several recent research reports. Standpoint Research raised shares of Celestica from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. They noted that the move was a valuation call. Canaccord Genuity reiterated a “buy” rating on shares of Celestica in a research note on Friday, July 28th. Macquarie downgraded shares of Celestica from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 22nd. BMO Capital Markets lowered their price target on shares of Celestica from $14.50 to $13.40 and set a “market perform” rating on the stock in a research report on Wednesday, July 26th. Finally, Scotiabank set a $15.00 price target on shares of Celestica and gave the company a “sector perform” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.92.
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Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, 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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