Level Four Advisory Services LLC Cuts Stock Position in Celestica, Inc. $CLS

Level Four Advisory Services LLC lowered its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 23.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,129 shares of the technology company’s stock after selling 1,915 shares during the period. Level Four Advisory Services LLC’s holdings in Celestica were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its stake in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after buying an additional 83 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after buying an additional 37 shares during the period. First Horizon Corp purchased a new stake in Celestica in the third quarter worth $31,000. Twin Peaks Wealth Advisors LLC purchased a new position in Celestica in the 2nd quarter worth about $40,000. Finally, Avion Wealth bought a new stake in shares of Celestica during the third quarter valued at approximately $40,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Bank of America began coverage on shares of Celestica in a research note on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price objective for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 target price on shares of Celestica in a research report on Thursday, January 22nd. TD Cowen restated a “hold” rating on shares of Celestica in a research note on Friday, January 30th. TD Securities raised their target price on shares of Celestica from $305.00 to $330.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Finally, Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $356.59.

Celestica Stock Performance

NYSE:CLS opened at $270.84 on Thursday. The firm has a market capitalization of $31.16 billion, a price-to-earnings ratio of 37.72 and a beta of 1.88. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.44 and a quick ratio of 0.88. The company’s 50-day moving average is $297.84 and its two-hundred day moving average is $283.50.

Insider Transactions at Celestica

In other Celestica news, President Jason Phillips sold 100,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares in the company, valued at $3,887,449.28. The trade was a 88.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $324,618.95. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 297,923 shares of company stock valued at $88,027,459. 0.52% of the stock is currently owned by corporate insiders.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.