SeaCrest Wealth Management LLC Decreases Holdings in Celestica Inc. (NYSE:CLS)

SeaCrest Wealth Management LLC cut its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 22.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,934 shares of the technology company's stock after selling 2,312 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Celestica were worth $625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CLS. Raymond James Financial Inc. purchased a new position in shares of Celestica in the 4th quarter worth about $47,685,000. Schechter Investment Advisors LLC bought a new stake in Celestica in the fourth quarter worth about $294,000. Mackenzie Financial Corp boosted its stake in Celestica by 39.3% in the fourth quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock valued at $70,164,000 after acquiring an additional 214,872 shares during the last quarter. American Century Companies Inc. boosted its stake in Celestica by 16.4% in the fourth quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock valued at $20,217,000 after acquiring an additional 30,851 shares during the last quarter. Finally, Plato Investment Management Ltd grew its position in shares of Celestica by 183.6% during the 4th quarter. Plato Investment Management Ltd now owns 10,454 shares of the technology company's stock valued at $968,000 after acquiring an additional 6,768 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CLS shares. Argus dropped their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus upped their price target on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a report on Monday, April 28th. JPMorgan Chase & Co. lifted their target price on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Finally, Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $116.64.

Celestica Price Performance

NYSE:CLS traded up $5.59 during trading hours on Wednesday, hitting $127.10. The stock had a trading volume of 4,528,490 shares, compared to its average volume of 3,278,898. The company has a 50 day simple moving average of $98.20 and a two-hundred day simple moving average of $100.20. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 33.99 and a beta of 1.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the company earned $0.83 earnings per share. The firm's quarterly revenue was up 19.9% on a year-over-year basis. Research analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

About Celestica

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.