Callan Family Office LLC Boosts Holdings in Celanese Corporation $CE

Key Points

• Callan Family Office LLC significantly increased its holdings in Celanese Corporation by 235.5% during the 2nd quarter, owning a total of 28,138 shares valued at approximately $1.56 million.
• Institutional investors now own 98.87% of Celanese's stock, indicating strong demand and interest from large financial entities.
• Celanese's stock has received mixed ratings from analysts, with a consensus target price of $56.33 and varying opinions ranging from "buy" to "strong sell".

Callan Family Office LLC boosted its position in shares of Celanese Corporation (NYSE:CE - Free Report) by 235.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,138 shares of the basic materials company's stock after buying an additional 19,752 shares during the quarter. Callan Family Office LLC's holdings in Celanese were worth $1,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Strengthening Families & Communities LLC boosted its stake in Celanese by 73.2% during the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock worth $25,000 after buying an additional 186 shares during the period. Sage Rhino Capital LLC boosted its stake in Celanese by 4.5% during the second quarter. Sage Rhino Capital LLC now owns 5,058 shares of the basic materials company's stock worth $280,000 after buying an additional 220 shares during the period. Maryland State Retirement & Pension System boosted its stake in Celanese by 0.7% during the second quarter. Maryland State Retirement & Pension System now owns 37,252 shares of the basic materials company's stock worth $2,061,000 after buying an additional 245 shares during the period. Meeder Advisory Services Inc. boosted its stake in Celanese by 6.7% during the first quarter. Meeder Advisory Services Inc. now owns 4,068 shares of the basic materials company's stock worth $231,000 after buying an additional 257 shares during the period. Finally, Empirical Finance LLC boosted its stake in Celanese by 9.0% during the first quarter. Empirical Finance LLC now owns 3,656 shares of the basic materials company's stock worth $208,000 after buying an additional 302 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CE has been the topic of a number of research analyst reports. Bank of America cut their price target on shares of Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Celanese and gave the stock a "buy" rating in a report on Wednesday, August 13th. Alembic Global Advisors set a $60.00 price target on shares of Celanese in a report on Monday, August 25th. Jefferies Financial Group cut their price target on shares of Celanese from $47.00 to $43.00 and set a "hold" rating on the stock in a report on Monday, September 8th. Finally, Zacks Research cut shares of Celanese from a "hold" rating to a "strong sell" rating in a report on Thursday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Celanese has an average rating of "Hold" and a consensus target price of $56.33.

Celanese Stock Down 6.9%

NYSE:CE opened at $39.29 on Friday. Celanese Corporation has a 1-year low of $36.29 and a 1-year high of $137.36. The company has a 50-day moving average of $44.87 and a 200 day moving average of $49.51. The firm has a market cap of $4.30 billion, a PE ratio of -2.65, a price-to-earnings-growth ratio of 1.78 and a beta of 1.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22.

Celanese (NYSE:CE - Get Free Report) last released its quarterly earnings data 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 negative net margin of 16.30% and a positive return on equity of 10.48%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm earned $2.38 earnings per share. The firm's revenue for the quarter was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, research analysts anticipate that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were paid 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 yield of 0.3%. Celanese's dividend payout ratio is -0.81%.

Insiders Place Their Bets

In other news, Director Timothy Go bought 1,039 shares of Celanese stock in a transaction on Monday, September 8th. The stock was acquired at an average cost of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the acquisition, the director owned 4,415 shares of the company's stock, valued at $204,193.75. This trade represents a 30.78% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by company 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.

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