Celestica, Inc. (CLS) Stake Lowered by Alliancebernstein L.P.
Alliancebernstein L.P. lessened its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 10.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 242,610 shares of the technology company’s stock after selling 29,720 shares during the period. Alliancebernstein L.P. owned approximately 0.17% of Celestica worth $3,295,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CLS. Envestnet Asset Management Inc. lifted its stake in shares of Celestica by 16.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,678 shares of the technology company’s stock worth $155,000 after acquiring an additional 1,508 shares during the period. AXA acquired a new stake in shares of Celestica in the 1st quarter worth $212,000. State of Tennessee Treasury Department acquired a new stake in shares of Celestica in the 2nd quarter worth $217,000. Eqis Capital Management Inc. lifted its stake in shares of Celestica by 15.7% in the 2nd quarter. Eqis Capital Management Inc. now owns 23,266 shares of the technology company’s stock worth $316,000 after acquiring an additional 3,151 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of Celestica by 5.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 24,907 shares of the technology company’s stock worth $338,000 after acquiring an additional 1,228 shares during the period. Institutional investors own 59.80% of the company’s stock.
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Shares of Celestica, Inc. (CLS) opened at 12.59 on Monday. The firm has a market cap of $1.80 billion, a PE ratio of 13.68 and a beta of 0.71. Celestica, Inc. has a 52 week low of $10.16 and a 52 week high of $14.74. The company has a 50 day moving average of $12.04 and a 200 day moving average of $13.21.
Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.08). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. Celestica had a return on equity of 13.64% and a net margin of 2.12%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. On average, equities research analysts anticipate that Celestica, Inc. will post $1.27 EPS for the current fiscal year.
Several analysts have recently commented on CLS shares. Bank of America Corporation started coverage on shares of Celestica in a research note on Thursday, June 15th. They issued a “neutral” rating and a $15.50 target price for the company. BidaskClub cut shares of Celestica from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Macquarie cut shares of Celestica from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 22nd. Scotiabank set a $15.00 target price on shares of Celestica and gave the stock a “sector perform” rating in a research note on Wednesday, July 26th. Finally, BMO Capital Markets reduced their target price 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. 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 stock. Celestica has an average rating of “Hold” and an average price target of $14.02.
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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