EAM Global Investors LLC Invests $8.39 Million in Celestica Inc. (NYSE:CLS)

EAM Global Investors LLC acquired a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 90,924 shares of the technology company's stock, valued at approximately $8,387,000. Celestica accounts for approximately 1.5% of EAM Global Investors LLC's portfolio, making the stock its 5th biggest holding. EAM Global Investors LLC owned 0.08% of Celestica at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. EAM Investors LLC purchased a new stake in shares of Celestica during the fourth quarter worth $1,455,000. Stonehaven Wealth & Tax Solutions LLC acquired a new position in Celestica in the 4th quarter worth about $214,000. Anchor Investment Management LLC raised its stake in shares of Celestica by 1,134.6% during the 4th quarter. Anchor Investment Management LLC now owns 1,000 shares of the technology company's stock worth $92,000 after purchasing an additional 919 shares in the last quarter. Bridgewater Associates LP lifted its holdings in shares of Celestica by 135.3% during the 4th quarter. Bridgewater Associates LP now owns 392,390 shares of the technology company's stock valued at $36,218,000 after buying an additional 225,636 shares during the last quarter. Finally, Cahaba Wealth Management Inc. bought a new stake in shares of Celestica in the 4th quarter valued at approximately $227,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Price Performance

Shares of NYSE:CLS traded up $3.56 during trading on Friday, reaching $84.12. The stock had a trading volume of 5,273,486 shares, compared to its average volume of 3,092,215. The stock has a market capitalization of $9.75 billion, a PE ratio of 22.49 and a beta of 2.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The business's 50-day moving average price is $93.69 and its 200 day moving average price is $91.18.

Insiders Place Their Bets

In other news, President Todd C. Cooper sold 9,538 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the transaction, the president now directly owns 175,426 shares in the company, valued at approximately $22,373,832.04. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Mionis sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the sale, the chief executive officer now directly owns 456,417 shares of the company's stock, valued at approximately $64,487,157.93. This represents a 14.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 934,381 shares of company stock valued at $116,673,769. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. CIBC cut their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Stifel Nicolaus lifted their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their target price on shares of Celestica from $166.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Barclays boosted their price target on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Celestica has a consensus rating of "Moderate Buy" and an average price target of $103.25.

Celestica 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.