Celestica Inc. (NYSE:CLS) Stock Holdings Cut by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 86.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,096 shares of the technology company's stock after selling 239,737 shares during the quarter. Two Sigma Investments LP's holdings in Celestica were worth $3,332,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Peregrine Capital Management LLC acquired a new stake in Celestica during the fourth quarter worth approximately $30,000. Pinpoint Asset Management Ltd increased its position in shares of Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after purchasing an additional 182 shares during the last quarter. Bessemer Group Inc. purchased a new position in Celestica in the fourth quarter valued at about $42,000. R Squared Ltd purchased a new stake in Celestica in the fourth quarter worth $51,000. Finally, IFP Advisors Inc raised its position in shares of 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 purchasing an additional 368 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 price target (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Wall Street Zen cut Celestica from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Argus cut their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, CIBC reduced their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.82.

Celestica Stock Performance

Shares of NYSE:CLS traded up $1.59 on Tuesday, reaching $118.23. The company's stock had a trading volume of 747,293 shares, compared to its average volume of 4,689,829. The stock's 50-day moving average is $93.22 and its two-hundred day moving average is $98.89. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market capitalization of $13.67 billion, a P/E ratio of 31.61 and a beta of 1.65. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. The company 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%. Celestica's quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. As a group, sell-side analysts forecast that Celestica Inc. will post 4.35 EPS 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.