Celanese Corporation $CE Stock Holdings Lessened by Ashton Thomas Private Wealth LLC

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 decreased its holdings in shares of Celanese Corporation (NYSE:CE - Free Report) by 29.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CE. Samlyn Capital LLC grew its holdings in shares of Celanese by 379.1% during the first quarter. Samlyn Capital LLC now owns 1,015,938 shares of the basic materials company's stock valued at $57,675,000 after purchasing an additional 803,868 shares during the last quarter. NewEdge Advisors LLC boosted its position in Celanese by 265.2% during the 1st quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company's stock valued at $286,000 after purchasing an additional 3,654 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Celanese by 41.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company's stock worth $1,842,000 after buying an additional 9,543 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Celanese by 141.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 121,419 shares of the basic materials company's stock worth $6,893,000 after buying an additional 71,231 shares during the period. Finally, Belmont Capital LLC bought a new stake in Celanese in the first quarter valued at $77,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CE has been the topic of a number of analyst reports. Robert W. Baird dropped their price objective on shares of Celanese from $67.00 to $50.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. Wells Fargo & Company dropped their price target on shares of Celanese from $72.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Mizuho lifted their price target on Celanese from $50.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. KeyCorp decreased their price objective on Celanese from $77.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Finally, Zacks Research downgraded Celanese from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $57.22.

Celanese Price Performance

Celanese stock traded up $0.67 during mid-day trading on Tuesday, hitting $45.45. The company's stock had a trading volume of 1,933,886 shares, compared to its average volume of 1,814,406. The stock's fifty day moving average price is $50.16 and its two-hundred day moving average price is $51.08. The stock has a market capitalization of $4.98 billion, a P/E ratio of -3.07, a P/E/G ratio of 2.03 and a beta of 1.11. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $142.54.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the business posted $2.38 EPS. Celanese's revenue was down 4.5% on a year-over-year basis. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Research analysts forecast that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

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

Insider Activity

In other Celanese news, Director Timothy Go bought 1,039 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was acquired at an average price of $46.25 per share, with a total value of $48,053.75. Following the completion of the transaction, the director directly owned 4,415 shares in the company, valued at approximately $204,193.75. This represents a 30.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by insiders.

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.