Cetera Investment Advisers purchased a new stake in Celanese Co. (NYSE:CE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,786 shares of the basic materials company’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP raised its stake in Celanese by 78.3% during the second quarter. First Trust Advisors LP now owns 201,223 shares of the basic materials company’s stock valued at $19,104,000 after buying an additional 88,375 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Celanese by 28.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 20,388 shares of the basic materials company’s stock valued at $1,974,000 after buying an additional 4,514 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Celanese by 10.8% during the second quarter. Advisors Asset Management Inc. now owns 18,665 shares of the basic materials company’s stock valued at $1,772,000 after buying an additional 1,820 shares in the last quarter. State of Wisconsin Investment Board raised its stake in Celanese by 34.4% during the second quarter. State of Wisconsin Investment Board now owns 102,798 shares of the basic materials company’s stock valued at $9,760,000 after buying an additional 26,320 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Celanese by 166.7% during the second quarter. SG Americas Securities LLC now owns 10,683 shares of the basic materials company’s stock valued at $1,014,000 after buying an additional 6,677 shares in the last quarter. 96.16% of the stock is owned by hedge funds and other institutional investors.

Celanese Co. (NYSE CE) opened at $105.73 on Friday. Celanese Co. has a fifty-two week low of $78.38 and a fifty-two week high of $109.11. The stock has a market capitalization of $14,690.74, a P/E ratio of 15.36, a P/E/G ratio of 1.63 and a beta of 1.32. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.69 and a quick ratio of 1.16.

Celanese (NYSE:CE) last issued its quarterly earnings data on Monday, October 16th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.01. Celanese had a return on equity of 31.98% and a net margin of 13.66%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company posted $1.67 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. analysts anticipate that Celanese Co. will post 7.37 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on CE. Tudor Pickering began coverage on Celanese in a research report on Tuesday, November 14th. They set a “buy” rating on the stock. Cowen reiterated a “buy” rating on shares of Celanese in a research report on Sunday, October 29th. Jefferies Group reiterated a “buy” rating and set a $122.00 price target on shares of Celanese in a research report on Thursday, October 19th. Citigroup dropped their price target on Celanese from $122.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. Finally, Royal Bank of Canada increased their price target on Celanese from $109.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $107.74.

In other Celanese news, Director John K. Wulff sold 2,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total transaction of $264,700.00. Following the completion of the transaction, the director now directly owns 30,175 shares of the company’s stock, valued at approximately $3,194,929. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Christopher W. Jensen sold 1,000 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $104.68, for a total value of $104,680.00. Following the transaction, the chief financial officer now directly owns 60,086 shares of the company’s stock, valued at $6,289,802.48. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

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Celanese Company Profile

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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