7,300 Shares in Celestica Inc. (NYSE:CLS) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC acquired a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,300 shares of the technology company's stock, valued at approximately $673,000.

Other institutional investors have also added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new stake in shares of Celestica during the 4th quarter valued at approximately $30,000. Pinpoint Asset Management Ltd raised its holdings in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares during the period. Bessemer Group Inc. purchased a new stake in shares of Celestica during the fourth quarter worth $42,000. R Squared Ltd bought a new position in shares of Celestica in the fourth quarter worth $51,000. Finally, IFP Advisors Inc boosted its holdings in shares of Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after acquiring an additional 368 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Trading Up 2.7%

CLS stock opened at $112.85 on Thursday. The company has a market capitalization of $13.05 billion, a PE ratio of 30.17 and a beta of 1.65. 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 Inc. has a one year low of $40.25 and a one year high of $144.27. The company's 50 day moving average price is $86.78 and its two-hundred day moving average price is $95.16.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CLS shares. Argus dropped their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. TD Securities increased their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their target price on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Finally, Barclays cut their price target on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Celestica presently has an average rating of "Moderate Buy" and an average target price of $105.42.

About Celestica

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.

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