25,708 Shares in Celestica, Inc. (NYSE:CLS) Purchased by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd purchased 25,708 shares of Celestica, Inc. for approximately $2,026,000, marking a significant acquisition for the firm in the first quarter.
• Approximately 67.38% of Celestica's stock is currently owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• Celestica's stock has seen varied analyst ratings, with an average target price of $168.92 and ten analysts giving it a "buy" rating, showcasing favorable market sentiments.

Maxi Investments CY Ltd acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 25,708 shares of the technology company's stock, valued at approximately $2,026,000.

Several other institutional investors also recently bought and sold shares of CLS. CoreCap Advisors LLC lifted its holdings in Celestica by 5.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock valued at $162,000 after acquiring an additional 90 shares during the last quarter. First National Bank of Hutchinson lifted its holdings in Celestica by 2.5% in the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock valued at $387,000 after acquiring an additional 120 shares during the last quarter. Private Trust Co. NA lifted its holdings in Celestica by 14.1% in the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after acquiring an additional 123 shares during the last quarter. Csenge Advisory Group lifted its holdings in Celestica by 7.1% in the first quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock valued at $218,000 after acquiring an additional 171 shares during the last quarter. Finally, Bay Rivers Group raised its position in Celestica by 1.1% in the first quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock valued at $1,536,000 after purchasing an additional 215 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Performance

NYSE:CLS opened at $201.89 on Tuesday. The firm has a market capitalization of $23.22 billion, a PE ratio of 43.70 and a beta of 1.80. The business's fifty day moving average price is $149.40 and its 200 day moving average price is $117.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. Celestica, Inc. has a 12 month low of $40.25 and a 12 month high of $214.47.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of research analyst reports. CIBC cut their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. UBS Group reissued a "neutral" rating and issued a $208.00 target price (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Canaccord Genuity Group boosted their target price on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Argus cut their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Wall Street Zen raised Celestica from a "hold" rating to a "buy" rating in a research report on Saturday. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $168.92.

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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