Credit Suisse AG Has $2.15 Million Stake in Celestica, Inc. (CLS)
Credit Suisse AG decreased its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 25.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,943 shares of the technology company’s stock after selling 50,550 shares during the period. Credit Suisse AG owned about 0.10% of Celestica worth $2,150,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Royce & Associates LP acquired a new position in shares of Celestica during the first quarter worth about $24,406,000. Morgan Stanley increased its position in shares of Celestica by 34.4% in the first quarter. Morgan Stanley now owns 1,635,437 shares of the technology company’s stock worth $23,763,000 after buying an additional 418,774 shares during the period. Spark Investment Management LLC increased its position in shares of Celestica by 428.0% in the first quarter. Spark Investment Management LLC now owns 264,000 shares of the technology company’s stock worth $3,833,000 after buying an additional 214,000 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Celestica by 574.0% in the first quarter. PNC Financial Services Group Inc. now owns 226,054 shares of the technology company’s stock worth $3,285,000 after buying an additional 192,517 shares during the period. Finally, Nicholas Investment Partners LP acquired a new position in shares of Celestica during the first quarter worth about $2,661,000. 70.33% of the stock is owned by institutional investors and hedge funds.
Celestica, Inc. (CLS) traded down 0.77% during midday trading on Tuesday, hitting $11.55. The stock had a trading volume of 58,019 shares. The firm has a market cap of $1.65 billion, a PE ratio of 12.55 and a beta of 0.66. The stock has a 50-day moving average price of $13.44 and a 200 day moving average price of $13.72. Celestica, Inc. has a one year low of $10.16 and a one year high of $14.74.
Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.08. Celestica had a net margin of 2.12% and a return on equity of 13.64%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts predict that Celestica, Inc. will post $1.27 earnings per share for the current year.
A number of brokerages recently issued reports on CLS. BMO Capital Markets lowered their price target on Celestica from $14.50 to $13.40 and set a “market perform” rating for the company in a report on Wednesday, July 26th. TD Securities upped their price target on Celestica from $12.00 to $13.50 and gave the company a “hold” rating in a report on Friday, April 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $15.00 price target (up from $13.00) on shares of Celestica in a report on Sunday, April 23rd. Macquarie downgraded Celestica from an “outperform” rating to a “neutral” rating in a report on Thursday, June 22nd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Celestica in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Celestica currently has an average rating of “Hold” and an average target price of $13.92.
Celestica Company Profile
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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