Point72 Europe London LLP Invests $2.88 Million in Celestica Inc. (NYSE:CLS)

Point72 Europe London LLP purchased a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,227 shares of the technology company's stock, valued at approximately $2,880,000.

A number of other hedge funds also recently made changes to their positions in the business. Peregrine Capital Management LLC bought a new stake in Celestica in the fourth quarter valued at about $30,000. Pinpoint Asset Management Ltd lifted its position in shares of Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after buying an additional 182 shares during the period. Bessemer Group Inc. bought a new position in shares of Celestica during the 4th quarter worth approximately $42,000. R Squared Ltd acquired a new stake in Celestica in the 4th quarter valued at $51,000. Finally, IFP Advisors Inc grew its position in Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after acquiring an additional 368 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

CLS has been the subject of a number of analyst reports. Barclays cut their price objective on Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Argus dropped their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $109.55.

Celestica Trading Down 1.7%

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

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