Acuitas Investments LLC Invests $512,000 in Celestica, Inc. (NYSE:CLS)

Acuitas Investments LLC acquired a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,500 shares of the technology company's stock, valued at approximately $512,000.

Several other hedge funds have also modified their holdings of the stock. Independent Advisor Alliance raised its position in Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock valued at $2,731,000 after purchasing an additional 79 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Celestica by 4.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock worth $188,000 after buying an additional 89 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of Celestica by 5.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock worth $162,000 after buying an additional 90 shares during the period. Pinpoint Asset Management Ltd raised its holdings in Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares in the last quarter. Finally, Bay Rivers Group raised its holdings 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 acquiring an additional 215 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Performance

Shares of NYSE CLS traded up $5.66 during trading hours on Thursday, reaching $160.56. The stock had a trading volume of 2,227,845 shares, compared to its average volume of 3,378,211. The firm has a 50-day moving average of $119.32 and a 200-day moving average of $106.22. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of 44.23 and a beta of 1.81. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. Celestica, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $160.63.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. The company had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.56 billion. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The firm's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. Equities research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on CLS. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. CIBC dropped their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 15th. Argus cut their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $120.00 price target on shares of Celestica in a report on Monday, April 28th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $130.00 price objective (up previously from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $116.64.

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.