Two Sigma Investments LP Sells 239,737 Shares of Celestica Inc. (NYSE:CLS)

Two Sigma Investments LP lessened its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 86.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,096 shares of the technology company's stock after selling 239,737 shares during the period. Two Sigma Investments LP's holdings in Celestica were worth $3,332,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peregrine Capital Management LLC bought a new stake in Celestica during the fourth quarter worth about $30,000. Pinpoint Asset Management Ltd raised its stake in Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after buying an additional 182 shares during the period. Bessemer Group Inc. bought a new stake in Celestica in the fourth quarter valued at approximately $42,000. R Squared Ltd bought a new stake in Celestica in the fourth quarter valued at approximately $51,000. Finally, IFP Advisors Inc raised its stake in Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after buying an additional 368 shares during the period. Institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

CLS has been the topic of several research analyst reports. 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. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Royal Bank of Canada reiterated an "outperform" rating and set a $120.00 target price on shares of Celestica in a research note on Monday, April 28th. Barclays lowered their target price on Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $130.00 target price (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

Celestica Price Performance

Shares of CLS stock traded up $4.89 during trading hours on Tuesday, reaching $121.53. The company's stock had a trading volume of 3,279,224 shares, compared to its average volume of 3,261,741. The firm's 50 day simple moving average is $93.95 and its 200-day simple moving average is $99.05. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 32.49 and a beta of 1.65. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

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

Celestica Company Profile

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.