Penn Capital Management Company LLC Sells 70,240 Shares of Celanese Corporation $CE

Penn Capital Management Company LLC decreased its position in shares of Celanese Corporation (NYSE:CE) by 25.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,758 shares of the basic materials company’s stock after selling 70,240 shares during the period. Penn Capital Management Company LLC owned about 0.18% of Celanese worth $9,252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Childress Capital Advisors LLC raised its position in Celanese by 3.6% during the first quarter. Childress Capital Advisors LLC now owns 5,587 shares of the basic materials company’s stock valued at $367,000 after purchasing an additional 192 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Celanese by 14.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,815 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 230 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Celanese by 20.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,399 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 240 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Celanese by 7.1% in the 1st quarter. Bessemer Group Inc. now owns 3,970 shares of the basic materials company’s stock valued at $262,000 after purchasing an additional 262 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after buying an additional 270 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Celanese Price Performance

Celanese stock opened at $44.95 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $4.93 billion, a PE ratio of -4.20, a P/E/G ratio of 0.29 and a beta of 0.76. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $70.70. The stock has a 50-day moving average price of $46.00 and a two-hundred day moving average price of $53.58.

Celanese (NYSE:CE) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the previous year, the business posted $1.44 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Analysts expect that Celanese Corporation will post 5.99 EPS for the current year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese’s payout ratio is presently -1.12%.

Insiders Place Their Bets

In other Celanese news, SVP Mark Christopher Murray purchased 2,153 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the transaction, the senior vice president owned 30,432 shares in the company, valued at $1,385,264.64. The trade was a 7.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CE. Morgan Stanley reduced their price objective on Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. Citigroup dropped their target price on shares of Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Royal Bank Of Canada raised their price target on shares of Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. lifted their price target on shares of Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Mizuho set a $50.00 price objective on shares of Celanese in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Celanese currently has a consensus rating of “Hold” and a consensus price target of $63.71.

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.