Mutual Advisors LLC Boosts Holdings in Celestica Inc (NYSE:CLS)

Mutual Advisors LLC raised its holdings in shares of Celestica Inc (NYSE:CLS) (TSE:CLS) by 93.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 75,260 shares of the technology company’s stock after purchasing an additional 36,360 shares during the period. Mutual Advisors LLC’s holdings in Celestica were worth $540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp grew its holdings in shares of Celestica by 0.8% during the second quarter. Mackenzie Financial Corp now owns 2,587,565 shares of the technology company’s stock worth $17,673,000 after buying an additional 19,951 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Celestica by 3.3% during the third quarter. Donald Smith & CO. Inc. now owns 3,892,765 shares of the technology company’s stock worth $27,911,000 after buying an additional 123,626 shares in the last quarter. Moab Capital Partners LLC grew its holdings in shares of Celestica by 427.1% during the second quarter. Moab Capital Partners LLC now owns 394,344 shares of the technology company’s stock worth $2,693,000 after buying an additional 319,527 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of Celestica by 21.3% during the second quarter. Brandes Investment Partners LP now owns 3,861,916 shares of the technology company’s stock worth $27,289,000 after buying an additional 676,951 shares in the last quarter. Finally, Balter Liquid Alternatives LLC grew its holdings in shares of Celestica by 45.5% during the second quarter. Balter Liquid Alternatives LLC now owns 337,942 shares of the technology company’s stock worth $2,308,000 after buying an additional 105,623 shares in the last quarter. Institutional investors and hedge funds own 65.84% of the company’s stock.

A number of equities research analysts recently issued reports on CLS shares. CIBC restated a “hold” rating and issued a $7.00 target price on shares of Celestica in a report on Sunday, October 27th. Royal Bank of Canada lowered their target price on shares of Celestica from $9.00 to $7.50 and set a “sector perform” rating for the company in a report on Thursday, July 25th. TD Securities lowered their target price on shares of Celestica from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, October 25th. Zacks Investment Research downgraded shares of Celestica from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Pi Financial started coverage on shares of Celestica in a report on Thursday, October 10th. They issued a “neutral” rating and a $9.30 target price for the company. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Celestica has an average rating of “Hold” and a consensus target price of $8.48.

Celestica stock traded up $0.01 during trading on Friday, reaching $7.90. The company had a trading volume of 160,132 shares, compared to its average volume of 560,673. Celestica Inc has a 12-month low of $5.95 and a 12-month high of $10.74. The stock’s 50 day moving average price is $6.97 and its two-hundred day moving average price is $6.88. The firm has a market capitalization of $982.43 million, a price-to-earnings ratio of 11.28, a PEG ratio of 17.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.78 and a current ratio of 1.31.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Celestica had a net margin of 2.24% and a return on equity of 10.06%. Celestica’s revenue was down 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. As a group, research analysts expect that Celestica Inc will post 0.21 earnings per share for the current year.

About Celestica

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

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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