Celestica Inc (CLS) Shares Sold by Mackenzie Financial Corp
Mackenzie Financial Corp cut its position in shares of Celestica Inc (NYSE:CLS) (TSE:CLS) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,143,734 shares of the technology company’s stock after selling 342,600 shares during the period. Mackenzie Financial Corp’s holdings in Celestica were worth $60,208,000 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. Acadian Asset Management LLC raised its position in shares of Celestica by 2.4% in the first quarter. Acadian Asset Management LLC now owns 2,741,936 shares of the technology company’s stock worth $39,761,000 after buying an additional 64,900 shares during the last quarter. Norges Bank purchased a new position in shares of Celestica during the fourth quarter worth $22,977,000. Royce & Associates LP purchased a new position in shares of Celestica during the first quarter worth $24,406,000. Alyeska Investment Group L.P. raised its position in shares of Celestica by 7.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 866,344 shares of the technology company’s stock worth $10,266,000 after buying an additional 63,568 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in shares of Celestica by 401.0% in the fourth quarter. Systematic Financial Management LP now owns 679,377 shares of the technology company’s stock worth $8,051,000 after buying an additional 543,780 shares during the last quarter. Institutional investors own 71.79% of the company’s stock.
Celestica Inc (CLS) traded up 0.036% on Wednesday, hitting $13.835. The stock had a trading volume of 81,158 shares. Celestica Inc has a one year low of $8.83 and a one year high of $14.74. The stock’s 50 day moving average is $14.02 and its 200 day moving average is $13.35. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 14.876 and a beta of 1.01.
Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Thursday, April 20th. The technology company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. Celestica had a return on equity of 14.03% and a net margin of 2.27%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. Analysts anticipate that Celestica Inc will post $1.30 earnings per share for the current year.
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CLS has been the topic of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $15.00 price objective (up previously from $13.00) on shares of Celestica in a report on Sunday, April 23rd. Citigroup Inc upgraded Celestica from a “sell” rating to a “neutral” rating and raised their price objective for the company from $11.50 to $15.00 in a report on Thursday, April 6th. TD Securities raised their price objective on Celestica from $12.00 to $13.50 and gave the company a “hold” rating in a report on Friday, April 21st. BMO Capital Markets set a $16.00 price objective on Celestica and gave the company a “hold” rating in a report on Thursday, April 20th. Finally, Scotiabank restated a “sector perform” rating and issued a $15.00 price objective on shares of Celestica in a report on Friday, April 21st. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.03.
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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