Ashton Thomas Private Wealth LLC Lowers Holdings in Celanese Corporation $CE

Ashton Thomas Private Wealth LLC decreased its position in Celanese Corporation (NYSE:CE) by 44.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,693 shares of the basic materials company’s stock after selling 8,616 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Celanese were worth $592,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CE. Strengthening Families & Communities LLC lifted its stake in shares of Celanese by 73.2% in the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company’s stock worth $25,000 after buying an additional 186 shares in the last quarter. Blue Trust Inc. raised its holdings in Celanese by 7.0% in the 2nd quarter. Blue Trust Inc. now owns 3,089 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 201 shares during the last quarter. Sage Rhino Capital LLC lifted its position in Celanese by 4.5% in the 2nd quarter. Sage Rhino Capital LLC now owns 5,058 shares of the basic materials company’s stock valued at $280,000 after acquiring an additional 220 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Celanese by 0.7% during the 2nd quarter. Maryland State Retirement & Pension System now owns 37,252 shares of the basic materials company’s stock valued at $2,061,000 after purchasing an additional 245 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in 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 during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Celanese Price Performance

Shares of NYSE:CE opened at $38.01 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $4.16 billion, a PE ratio of -2.56, a price-to-earnings-growth ratio of 1.86 and a beta of 1.13. The firm’s 50 day moving average price is $43.60 and its 200-day moving average price is $48.95. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $127.57.

Celanese (NYSE:CE) last announced its earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.06. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $2.38 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Equities research analysts expect that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 28th. Celanese’s dividend payout ratio (DPR) is currently -0.81%.

Insiders Place Their Bets

In related news, Director Timothy Go bought 1,039 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were bought at an average cost of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the transaction, the director owned 4,415 shares of the company’s stock, valued at approximately $204,193.75. This trade represents a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

CE has been the subject of several recent analyst reports. Robert W. Baird decreased their price target on Celanese from $67.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. Zacks Research lowered Celanese from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 14th. Weiss Ratings restated a “sell (d)” rating on shares of Celanese in a research note on Wednesday, October 8th. KeyCorp reduced their price target on shares of Celanese from $77.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Finally, UBS Group decreased their price objective on shares of Celanese from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.11.

Celanese Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.