151,208 Shares in Celanese Corporation $CE Acquired by Muhlenkamp & Co. Inc.

Key Points

• Muhlenkamp & Co. Inc. acquired 151,208 shares of Celanese Corporation for approximately $8.37 million, representing about 2.6% of their investment portfolio.
• Analysts have revised their ratings and price targets for Celanese, with recent targets ranging from $43.00 to $70.00, while the stock currently holds an average rating of "Hold."
• Director Timothy Go increased his ownership of Celanese by 30.78% through a purchase of 1,039 shares at $46.25 each during early September.

Muhlenkamp & Co. Inc. purchased a new position in shares of Celanese Corporation (NYSE:CE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 151,208 shares of the basic materials company's stock, valued at approximately $8,366,000. Celanese makes up about 2.6% of Muhlenkamp & Co. Inc.'s investment portfolio, making the stock its 19th largest holding. Muhlenkamp & Co. Inc. owned approximately 0.14% of Celanese as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC lifted its stake in Celanese by 73.2% during the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock worth $25,000 after purchasing an additional 186 shares in the last quarter. Summit Securities Group LLC acquired a new position in Celanese during the first quarter worth $30,000. Mather Group LLC. lifted its stake in Celanese by 127.0% during the first quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock worth $35,000 after purchasing an additional 348 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in Celanese during the second quarter worth $50,000. Finally, Harbour Investments Inc. lifted its stake in Celanese by 67.2% during the first quarter. Harbour Investments Inc. now owns 911 shares of the basic materials company's stock worth $52,000 after purchasing an additional 366 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on CE. Jefferies Financial Group decreased their price target on Celanese from $47.00 to $43.00 and set a "hold" rating on the stock in a research note on Monday, September 8th. Bank of America reduced their price objective on Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. BMO Capital Markets reduced their price objective on Celanese from $55.00 to $47.00 and set a "market perform" rating on the stock in a research note on Thursday, August 14th. KeyCorp reduced their price objective on Celanese from $77.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Celanese and gave the company a "buy" rating in a research note on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Celanese currently has an average rating of "Hold" and a consensus target price of $56.33.

Insiders Place Their Bets

In other Celanese news, Director Timothy Go purchased 1,039 shares of the business's stock in a transaction on Monday, September 8th. The shares were bought at an average cost of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the purchase, the director directly owned 4,415 shares in the company, valued at approximately $204,193.75. This represents a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.33% of the stock is currently owned by corporate insiders.

Celanese Stock Up 0.0%

Celanese stock opened at $42.62 on Thursday. Celanese Corporation has a 1-year low of $36.29 and a 1-year high of $137.36. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. The stock has a market cap of $4.67 billion, a PE ratio of -2.88, a P/E/G ratio of 1.93 and a beta of 1.13. The stock's fifty day moving average is $45.25 and its two-hundred day moving average is $49.83.

Celanese (NYSE:CE - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.06. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm earned $2.38 earnings per share. Celanese's quarterly revenue was down 4.5% on a year-over-year basis. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, sell-side analysts expect that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th were paid a $0.03 dividend. The ex-dividend date was Tuesday, July 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese's dividend payout ratio (DPR) is currently -0.81%.

Celanese Company Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.

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