6,000 Shares in Celanese Corporation $CE Acquired by Northeast Financial Consultants Inc

Key Points

• Northeast Financial Consultants Inc acquired 6,000 shares of Celanese Corporation in Q1, totaling approximately $341,000 according to their 13F filing with the SEC.
• Celanese's stock recently experienced a decrease of 4.7%, opening at $46.44 with a market capitalization of $5.08 billion.
• The company reported $1.44 EPS for the last quarter, exceeding expectations, while its revenue of $2.53 billion showed a 4.5% year-over-year decline.

Northeast Financial Consultants Inc bought a new position in shares of Celanese Corporation (NYSE:CE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,000 shares of the basic materials company's stock, valued at approximately $341,000.

Several other hedge funds and other institutional investors have also modified their holdings of CE. Mercer Global Advisors Inc. ADV lifted its position in shares of Celanese by 27.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,369 shares of the basic materials company's stock worth $579,000 after buying an additional 1,817 shares during the period. Bank of America Corp DE increased its holdings in Celanese by 8.8% during the 4th quarter. Bank of America Corp DE now owns 597,557 shares of the basic materials company's stock valued at $41,357,000 after purchasing an additional 48,115 shares in the last quarter. Deutsche Bank AG increased its holdings in Celanese by 106.2% during the 4th quarter. Deutsche Bank AG now owns 522,599 shares of the basic materials company's stock valued at $36,169,000 after purchasing an additional 269,121 shares in the last quarter. Ethic Inc. increased its holdings in Celanese by 12.6% during the 4th quarter. Ethic Inc. now owns 9,858 shares of the basic materials company's stock valued at $682,000 after purchasing an additional 1,102 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in Celanese by 3.9% during the 4th quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company's stock valued at $291,000 after purchasing an additional 156 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Celanese Stock Down 4.7%

NYSE CE opened at $46.44 on Tuesday. The stock has a fifty day moving average of $51.90 and a 200-day moving average of $51.36. The stock has a market capitalization of $5.08 billion, a P/E ratio of -3.13, a price-to-earnings-growth ratio of 2.21 and a beta of 1.11. Celanese Corporation has a 52 week low of $36.29 and a 52 week high of $142.54. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05.

Celanese (NYSE:CE - Get Free Report) last released its earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm earned $2.38 EPS. The business's revenue for the quarter 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, equities research analysts forecast that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese's payout ratio is -0.81%.

Analyst Ratings Changes

CE has been the subject of a number of recent analyst reports. Barclays raised their price target on Celanese from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. KeyCorp dropped their price target on Celanese from $77.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Bank of America dropped their price target on Celanese from $65.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Mizuho lifted their target price on Celanese from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group lowered their target price on Celanese from $47.00 to $43.00 and set a "hold" rating for the company in a research note on Monday. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Celanese has a consensus rating of "Hold" and a consensus price target of $57.22.

About Celanese

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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