Point72 Hong Kong Ltd Invests $2.24 Million in Celestica Inc. (NYSE:CLS)

Point72 Hong Kong Ltd acquired a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,274 shares of the technology company's stock, valued at approximately $2,241,000.

Other institutional investors also recently modified their holdings of the company. Polar Capital Holdings Plc lifted its position in shares of Celestica by 822.6% in the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after buying an additional 1,433,681 shares during the last quarter. Man Group plc boosted its holdings in Celestica by 260.5% in the 4th quarter. Man Group plc now owns 148,896 shares of the technology company's stock valued at $13,739,000 after purchasing an additional 107,596 shares during the period. Nomura Holdings Inc. acquired a new stake in Celestica during the fourth quarter worth about $6,896,000. Maven Securities LTD acquired a new position in shares of Celestica in the fourth quarter valued at $205,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Celestica by 12.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 124,991 shares of the technology company's stock valued at $11,539,000 after buying an additional 13,706 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CLS. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Barclays cut their price target on Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Argus dropped their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. CIBC reduced their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. Finally, TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of "Moderate Buy" and an average price target of $109.55.

Celestica Trading Down 1.7%

CLS traded down $1.96 during mid-day trading on Monday, hitting $111.29. The stock had a trading volume of 2,915,744 shares, compared to its average volume of 3,213,785. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 29.76 and a beta of 1.65. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock's fifty day simple moving average is $88.35 and its 200-day simple moving average is $96.40.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.10 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The business's quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. As a group, research analysts forecast that Celestica Inc. will post 4.35 EPS for the current fiscal year.

Celestica Company 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.