36,000 Shares in Celestica, Inc. (NYSE:CLS) Acquired by Andar Capital Management HK Ltd

Key Points

• Andar Capital Management HK Ltd acquired 36,000 shares of Celestica, Inc. valued at approximately $2.837 million, making it the 10th largest holding in their investment portfolio.
• Recent analyst reports have raised price targets for Celestica, with Citigroup increasing theirs to $212.00 and JPMorgan Chase boosting it to $225.00.
• The stock is currently down 2.5%, with a market capitalization of $22.40 billion and a price-to-earnings ratio of 42.17.

Andar Capital Management HK Ltd acquired a new position in shares of 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 36,000 shares of the technology company's stock, valued at approximately $2,837,000. Celestica makes up approximately 5.5% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 10th largest holding.

Several other large investors also recently added to or reduced their stakes in CLS. Rothschild Investment LLC purchased a new position in Celestica during the first quarter valued at approximately $26,000. Pinpoint Asset Management Ltd boosted its stake 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 valued at $32,000 after buying an additional 182 shares during the period. ORG Partners LLC purchased a new position in shares of Celestica during the 1st quarter valued at $29,000. Center for Financial Planning Inc. purchased a new position in shares of Celestica during the 1st quarter valued at $30,000. Finally, Bessemer Group Inc. acquired a new position in shares of Celestica in the fourth quarter worth $42,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Down 2.5%

NYSE:CLS opened at $194.84 on Friday. Celestica, Inc. has a 1 year low of $40.25 and a 1 year high of $214.47. The stock has a 50-day moving average price of $147.75 and a two-hundred day moving average price of $116.63. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of 42.17 and a beta of 1.80. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup lifted their price objective on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a report on Saturday. Royal Bank Of Canada lifted their target price on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $130.00 target price (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Two 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. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $168.92.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.