Spark Investment Management LLC reduced its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 27.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,000 shares of the technology company’s stock after selling 73,000 shares during the period. Spark Investment Management LLC owned about 0.13% of Celestica worth $2,596,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLS. First Trust Advisors LP increased its position in shares of Celestica by 1.9% in the first quarter. First Trust Advisors LP now owns 25,312 shares of the technology company’s stock worth $368,000 after buying an additional 483 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of Celestica by 5.2% in the second quarter. Campbell & CO Investment Adviser LLC now owns 24,907 shares of the technology company’s stock worth $338,000 after buying an additional 1,228 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Celestica by 16.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,678 shares of the technology company’s stock worth $155,000 after buying an additional 1,508 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Celestica by 6.0% in the first quarter. Parametric Portfolio Associates LLC now owns 30,622 shares of the technology company’s stock worth $445,000 after buying an additional 1,736 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Celestica by 1.6% in the first quarter. Public Employees Retirement System of Ohio now owns 158,100 shares of the technology company’s stock worth $2,297,000 after buying an additional 2,414 shares during the last quarter. 61.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Celestica, Inc. (CLS) opened at 11.67 on Friday. Celestica, Inc. has a 52 week low of $10.16 and a 52 week high of $14.74. The firm’s 50-day moving average is $13.44 and its 200 day moving average is $13.72. The firm has a market capitalization of $1.67 billion, a PE ratio of 12.68 and a beta of 0.66.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Celestica had a return on equity of 13.64% and a net margin of 2.12%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. On average, equities analysts forecast that Celestica, Inc. will post $1.27 earnings per share for the current year.

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A number of brokerages have recently issued reports on CLS. BMO Capital Markets cut their price objective 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. TD Securities boosted their target price on shares of Celestica from $12.00 to $13.50 and gave the stock a “hold” rating in a research report on Friday, April 21st. Royal Bank Of Canada reissued a “sector perform” rating and set a $15.00 target price (up previously from $13.00) on shares of Celestica in a research report on Sunday, April 23rd. Macquarie downgraded shares of Celestica from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 22nd. Finally, Canaccord Genuity reissued a “buy” rating on shares of Celestica in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.92.

About Celestica

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.

Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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