Gotham Asset Management LLC Increases Holdings in Celestica, Inc. (CLS)
Gotham Asset Management LLC raised its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 126.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,999 shares of the technology company’s stock after acquiring an additional 16,776 shares during the period. Gotham Asset Management LLC’s holdings in Celestica were worth $407,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in CLS. Royce & Associates LP lifted its stake in Celestica by 67.5% during the 2nd quarter. Royce & Associates LP now owns 2,814,308 shares of the technology company’s stock valued at $38,218,000 after acquiring an additional 1,134,594 shares during the period. JPMorgan Chase & Co. lifted its stake in Celestica by 2,226.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 917,634 shares of the technology company’s stock valued at $12,460,000 after acquiring an additional 878,187 shares during the period. AJO LP lifted its stake in Celestica by 87.8% during the 2nd quarter. AJO LP now owns 1,251,449 shares of the technology company’s stock valued at $16,995,000 after acquiring an additional 585,089 shares during the period. Goldman Sachs Group Inc. lifted its stake in Celestica by 101.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 979,959 shares of the technology company’s stock valued at $14,239,000 after acquiring an additional 492,964 shares during the period. Finally, Morgan Stanley lifted its stake in Celestica by 34.4% during the 1st quarter. Morgan Stanley now owns 1,635,437 shares of the technology company’s stock valued at $23,763,000 after acquiring an additional 418,774 shares during the period. Institutional investors and hedge funds own 59.80% of the company’s stock.
Several brokerages have commented on CLS. BMO Capital Markets decreased their price objective on shares of Celestica from $14.50 to $13.40 and set a “market perform” rating for the company in a research note on Wednesday, July 26th. Standpoint Research upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. They noted that the move was a valuation call. Canaccord Genuity restated a “buy” rating on shares of Celestica in a research note on Friday, July 28th. Scotiabank set a $15.00 price objective on shares of Celestica and gave the company a “sector perform” rating in a research note on Wednesday, July 26th. Finally, BidaskClub cut shares of Celestica from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.02.
Celestica, Inc. (NYSE:CLS) opened at 12.30 on Friday. The firm has a market capitalization of $1.76 billion, a PE ratio of 13.37 and a beta of 0.72. The company has a 50 day moving average of $12.33 and a 200 day moving average of $13.08. Celestica, Inc. has a 1-year low of $11.20 and a 1-year high of $14.74.
Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business earned $0.29 earnings per share. Celestica’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts forecast that Celestica, Inc. will post $1.27 EPS for the current year.
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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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