Alyeska Investment Group L.P. Raises Holdings in Celanese Corporation $CE

Key Points

• Alyeska Investment Group increased its Celanese position by 34.9% in the second quarter, holding 120,033 shares valued at approximately $5.5 million. Institutional investors collectively own 98.87% of the company.
• Analyst sentiment remains mixed, with nine Buy ratings, seven Holds and one Sell; the consensus rating is Hold with a target price of $63.71.
• Celanese exceeded quarterly earnings expectations, reporting EPS of $2.45 versus the $2.23 consensus, while revenue rose 8.7% year over year to $2.75 billion. Shares opened at $44.03, near the lower end of their 52-week range.

Alyeska Investment Group L.P. boosted its position in Celanese Corporation (NYSE:CE - Free Report) by 34.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,033 shares of the basic materials company's stock after purchasing an additional 31,071 shares during the quarter. Alyeska Investment Group L.P. owned about 0.11% of Celanese worth $5,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CE. Van ECK Associates Corp raised its holdings in Celanese by 107.1% in the 2nd quarter. Van ECK Associates Corp now owns 89,406 shares of the basic materials company's stock valued at $4,113,000 after acquiring an additional 46,228 shares during the last quarter. Muhlenkamp & Co. Inc. acquired a new position in shares of Celanese during the 2nd quarter worth approximately $9,752,000. Empowered Funds LLC purchased a new stake in shares of Celanese in the second quarter valued at approximately $2,887,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Celanese in the second quarter valued at approximately $1,664,000. Finally, Capstone Investment Advisors LLC purchased a new position in Celanese during the second quarter worth approximately $219,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CE shares. JPMorgan Chase & Co. lifted their price target on Celanese from $53.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. BMO Capital Markets cut their price objective on shares of Celanese from $57.00 to $54.00 and set a "market perform" rating for the company in a research report on Wednesday, August 5th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Celanese in a report on Friday, August 21st. Mizuho set a $50.00 price target on shares of Celanese in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft set a $50.00 price objective on Celanese in a report on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $63.71.

Insider Buying and Selling at Celanese

In related news, SVP Mark Christopher Murray acquired 2,153 shares of Celanese stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the transaction, the senior vice president owned 30,432 shares of the company's stock, valued at $1,385,264.64. This represents a 7.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.34% of the company's stock.

Celanese Stock Performance

Shares of CE stock opened at $44.03 on Wednesday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. The firm has a market cap of $4.83 billion, a P/E ratio of -4.12, a P/E/G ratio of 0.30 and a beta of 0.76. The firm's 50 day moving average price is $45.83 and its 200-day moving average price is $53.36. Celanese Corporation has a one year low of $35.13 and a one year high of $70.70.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.22. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The business had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.75 billion. During the same quarter in the prior year, the company earned $1.44 earnings per share. The business's quarterly revenue was up 8.7% on a year-over-year basis. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, equities research analysts predict that Celanese Corporation will post 5.99 EPS for the current year.

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese's dividend payout ratio (DPR) is presently -1.12%.

Celanese Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.

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