CloudAlpha Capital Management Limited Hong Kong Has $72.33 Million Stake in Celestica, Inc. $CLS

CloudAlpha Capital Management Limited Hong Kong lifted its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 21.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 463,310 shares of the technology company’s stock after acquiring an additional 80,670 shares during the quarter. Celestica makes up 3.8% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 4th biggest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in Celestica were worth $72,327,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLS. ST Germain D J Co. Inc. purchased a new stake in Celestica in the second quarter worth about $37,000. Wolff Wiese Magana LLC lifted its holdings in Celestica by 45.6% in the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after buying an additional 114 shares during the period. Oakworth Capital Inc. purchased a new stake in Celestica in the second quarter worth about $73,000. Center for Financial Planning Inc. boosted its holdings in shares of Celestica by 49.2% during the 2nd quarter. Center for Financial Planning Inc. now owns 567 shares of the technology company’s stock valued at $89,000 after buying an additional 187 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of Celestica during the 2nd quarter valued at $87,000. Institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CLS. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price target on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. TD Securities upped their price target on Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Finally, BNP Paribas restated an “outperform” rating and issued a $300.00 price target on shares of Celestica in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $325.13.

Insider Buying and Selling

In other Celestica news, Director Laurette T. Koellner purchased 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the acquisition, the director directly owned 6,000 shares in the company, valued at $2,050,020. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Celestica Trading Down 3.9%

Shares of NYSE:CLS opened at $335.52 on Wednesday. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $360.99. The stock’s 50-day simple moving average is $258.68 and its two-hundred day simple moving average is $184.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 1.47. The stock has a market capitalization of $38.60 billion, a price-to-earnings ratio of 54.47 and a beta of 1.88.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.13. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. Analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.