Muhlenkamp & Co. Inc. Acquires 33,247 Shares of Celanese Corporation $CE

Muhlenkamp & Co. Inc. raised its holdings in shares of Celanese Corporation (NYSE:CE) by 22.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,455 shares of the basic materials company’s stock after purchasing an additional 33,247 shares during the period. Celanese accounts for about 2.1% of Muhlenkamp & Co. Inc.’s holdings, making the stock its 22nd largest holding. Muhlenkamp & Co. Inc. owned about 0.17% of Celanese worth $7,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Celanese by 41.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company’s stock valued at $1,842,000 after acquiring an additional 9,543 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Celanese by 265.2% in the 1st quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company’s stock worth $286,000 after purchasing an additional 3,654 shares during the period. Harbour Investments Inc. boosted its stake in shares of Celanese by 27.9% during the 2nd quarter. Harbour Investments Inc. now owns 1,165 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 254 shares in the last quarter. AlphaQuest LLC increased its position in shares of Celanese by 1,163.8% during the second quarter. AlphaQuest LLC now owns 8,076 shares of the basic materials company’s stock valued at $447,000 after buying an additional 7,437 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Celanese by 30.6% in the second quarter. Nisa Investment Advisors LLC now owns 37,986 shares of the basic materials company’s stock worth $2,102,000 after buying an additional 8,910 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Celanese Stock Performance

Shares of CE stock opened at $54.89 on Thursday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.04 and a current ratio of 1.63. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of -5.18 and a beta of 1.12. Celanese Corporation has a one year low of $35.13 and a one year high of $63.55. The company’s 50-day moving average is $47.05 and its 200 day moving average is $44.12.

Celanese (NYSE:CE) last posted its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.22). The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Celanese had a negative net margin of 12.15% and a positive return on equity of 8.43%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.45 EPS. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. Sell-side analysts expect that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. Celanese’s dividend payout ratio (DPR) is presently -0.42%.

Insider Activity

In other Celanese news, CFO Chuck Kyrish purchased 5,000 shares of the stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average cost of $41.03 per share, with a total value of $205,150.00. Following the completion of the acquisition, the chief financial officer directly owned 10,914 shares in the company, valued at $447,801.42. This trade represents a 84.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on CE. Royal Bank Of Canada upped their target price on Celanese from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Friday, January 16th. Jefferies Financial Group raised Celanese from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Thursday, February 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Celanese in a report on Wednesday, January 21st. Zacks Research cut shares of Celanese from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Finally, Evercore set a $63.00 price target on shares of Celanese in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $56.78.

Celanese Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.