Point72 Asset Management LP Acquires New Holdings in Celestica Inc (CLS)

Point72 Asset Management L.P. acquired a new stake in Celestica Inc (NYSE:CLS) (TSE:CLS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 87,800 shares of the technology company’s stock, valued at approximately $951,000. Point72 Asset Management L.P. owned approximately 0.06% of Celestica at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in Celestica during the third quarter worth approximately $230,000. Renaissance Technologies LLC purchased a new stake in shares of Celestica in the 2nd quarter valued at approximately $298,000. CLARET ASSET MANAGEMENT Corp lifted its position in shares of Celestica by 21.3% in the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 35,751 shares of the technology company’s stock valued at $387,000 after acquiring an additional 6,286 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Celestica in the 3rd quarter valued at approximately $437,000. Finally, Shell Asset Management Co. lifted its position in shares of Celestica by 291.8% in the 3rd quarter. Shell Asset Management Co. now owns 42,402 shares of the technology company’s stock valued at $459,000 after acquiring an additional 31,580 shares in the last quarter. Institutional investors and hedge funds own 68.15% of the company’s stock.

Shares of CLS stock opened at $9.20 on Friday. Celestica Inc has a 12-month low of $8.50 and a 12-month high of $12.59. The stock has a market cap of $1.23 billion, a P/E ratio of 12.78, a PEG ratio of 2.83 and a beta of 0.77. The company has a quick ratio of 1.10, a current ratio of 1.79 and a debt-to-equity ratio of 0.27.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.14. Celestica had a net margin of 0.82% and a return on equity of 4.03%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. On average, equities research analysts expect that Celestica Inc will post 0.39 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Celestica from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th. BMO Capital Markets set a $12.00 target price on shares of Celestica and gave the company a “hold” rating in a research note on Wednesday, October 24th. Beacon Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research report on Wednesday, October 10th. TheStreet lowered shares of Celestica from a “b-” rating to a “c+” rating in a research report on Thursday, October 25th. Finally, Macquarie upgraded shares of Celestica from a “neutral” rating to an “outperform” rating in a research report on Wednesday, October 10th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Celestica currently has a consensus rating of “Hold” and an average target price of $12.40.

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Celestica Profile

Celestica, Inc engages in the provision of supply chain solutions globally to original equipment manufacturers and service providers in the communications, consumer, computing and diversified end markets. The company offers 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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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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