Ashton Thomas Private Wealth LLC Reduces Stake in Celanese Corporation $CE

Key Points

• Ashton Thomas Private Wealth LLC reduced its stake in Celanese Corporation by 29.7% in the first quarter, bringing its holdings to 19,309 shares worth approximately $1.1 million.
• Celanese's stock value has decreased with a recent price of $44.23, marking a 1.0% decline, while analysts predict an EPS of 8.79 for the current fiscal year.
• The firm announced a quarterly dividend of $0.03, reflecting an annualized yield of 0.3%, despite a negative payout ratio of -0.81%.

Ashton Thomas Private Wealth LLC lowered its holdings in Celanese Corporation (NYSE:CE - Free Report) by 29.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 19,309 shares of the basic materials company's stock after selling 8,165 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Celanese were worth $1,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strengthening Families & Communities LLC lifted its stake in shares of Celanese by 73.2% in the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 186 shares during the period. Summit Securities Group LLC purchased a new position in shares of Celanese in the 1st quarter valued at approximately $30,000. State of Wyoming lifted its stake in shares of Celanese by 122.5% in the 4th quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 267 shares during the period. Mather Group LLC. lifted its stake in shares of Celanese by 127.0% in the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 348 shares during the period. Finally, LRI Investments LLC lifted its stake in shares of Celanese by 739.1% in the 4th quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 473 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Celanese Stock Down 1.0%

Celanese stock opened at $44.23 on Thursday. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -2.98, a PEG ratio of 2.02 and a beta of 1.11. The stock has a fifty day simple moving average of $51.31 and a two-hundred day simple moving average of $51.27. Celanese Corporation has a 12 month low of $36.29 and a 12 month high of $142.54. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE - Get Free Report) last posted its earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.06. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The company's quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.38 EPS. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Equities analysts predict that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th were issued a $0.03 dividend. 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 dividend payout ratio (DPR) is presently -0.81%.

Insider Activity at Celanese

In other news, Director Timothy Go acquired 1,039 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was bought at an average price of $46.25 per share, with a total value of $48,053.75. Following the completion of the acquisition, the director directly owned 4,415 shares of the company's stock, valued at approximately $204,193.75. The trade was a 30.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CE shares. BMO Capital Markets lowered their target price on Celanese from $55.00 to $47.00 and set a "market perform" rating for the company in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Celanese and gave the company a "buy" rating in a research note on Wednesday, August 13th. Zacks Research cut Celanese from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 14th. Cfra Research upgraded Celanese to a "moderate sell" rating in a research note on Tuesday, August 12th. Finally, Mizuho lifted their price objective on Celanese from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $57.22.

Celanese Company Profile

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.

Want to see what other hedge funds are holding CE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celanese Corporation (NYSE:CE - Free Report).

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.