Tower Research Capital LLC TRC Buys 11,100 Shares of Celestica Inc. (CLS)
Tower Research Capital LLC TRC raised its position in shares of Celestica Inc. (NYSE:CLS) by 160.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,000 shares of the company’s stock after buying an additional 11,100 shares during the period. Tower Research Capital LLC TRC’s holdings in Celestica were worth $168,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Bank of Montreal Can purchased a new stake in Celestica during the second quarter worth approximately $1,896,000. CIBC World Markets Inc. boosted its stake in Celestica by 60.0% in the second quarter. CIBC World Markets Inc. now owns 129,460 shares of the company’s stock worth $1,204,000 after buying an additional 48,540 shares during the period. Lingohr & Partner Asset Management GmbH boosted its stake in Celestica by 11.1% in the second quarter. Lingohr & Partner Asset Management GmbH now owns 190,528 shares of the company’s stock worth $1,772,000 after buying an additional 19,100 shares during the period. Fox Run Management L.L.C. bought a new position in Celestica during the second quarter worth about $135,000. Finally, Foundry Partners LLC bought a new position in Celestica during the second quarter worth about $4,380,000. Institutional investors own 71.87% of the company’s stock.
Shares of Celestica Inc. (NYSE:CLS) opened at 10.78 on Wednesday. Celestica Inc. has a one year low of $8.07 and a one year high of $13.36. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 18.55 and a beta of 1.19. The firm has a 50-day moving average price of $10.65 and a 200-day moving average price of $10.49.
Celestica (NYSE:CLS) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. Celestica had a net margin of 1.47% and a return on equity of 10.26%. During the same period in the previous year, the firm earned $0.25 EPS. Analysts anticipate that Celestica Inc. will post $1.17 earnings per share for the current fiscal year.
A number of research firms recently issued reports on CLS. Zacks Investment Research raised Celestica from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a report on Wednesday, July 27th. Macquarie lowered Celestica from an “outperform” rating to a “neutral” rating in a report on Friday, July 29th. Canaccord Genuity reissued a “buy” rating and set a $12.00 price target on shares of Celestica in a report on Thursday, August 11th. Finally, B. Riley reissued a “neutral” rating and set a $11.00 price target on shares of Celestica in a report on Monday, July 25th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Celestica has an average rating of “Hold” and a consensus target price of $12.71.
Celestica Company Profile
Celestica Inc is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. 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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