Boothbay Fund Management LLC Has $14.66 Million Position in Celestica, Inc. $CLS

Boothbay Fund Management LLC raised its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 56.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,884 shares of the technology company’s stock after purchasing an additional 33,865 shares during the period. Boothbay Fund Management LLC owned approximately 0.08% of Celestica worth $14,656,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its position in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in Celestica in the second quarter valued at about $37,000. Twin Peaks Wealth Advisors LLC acquired a new position in Celestica in the second quarter valued at about $40,000. First Horizon Advisors Inc. increased its holdings in shares of Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after acquiring an additional 87 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its position in shares of Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after purchasing an additional 114 shares during the period. 67.38% of the stock is owned by institutional investors.

Insider Activity at Celestica

In related news, Director Laurette T. Koellner acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director directly owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup upgraded Celestica from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $212.00 to $375.00 in a research report on Monday, November 10th. BNP Paribas reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Celestica in a research note on Thursday, September 25th. The Goldman Sachs Group upped their price target on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. Finally, CIBC boosted their price objective on shares of Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $336.13.

Celestica Price Performance

Shares of CLS opened at $306.71 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The stock has a market capitalization of $35.27 billion, a P/E ratio of 49.79 and a beta of 1.83. The company has a 50 day moving average of $306.74 and a 200-day moving average of $226.31.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. As a group, equities research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.