Cynosure Group LLC Takes $335,000 Position in Celestica, Inc. (NYSE:CLS)

Key Points

• Cynosure Group LLC has invested approximately $335,000 in Celestica, acquiring 4,254 shares of the technology company in the first quarter.
• Several large investors have increased their stakes in Celestica, including Townsquare Capital LLC, which raised its position by 165.4%.
• Celestica's stock has shown significant performance, reaching a 52-week high of $214.47, with a current market cap of $23.93 billion.

Cynosure Group LLC acquired a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,254 shares of the technology company's stock, valued at approximately $335,000.

Several other large investors have also recently made changes to their positions in the company. Townsquare Capital LLC increased its position in shares of Celestica by 165.4% during the first quarter. Townsquare Capital LLC now owns 16,901 shares of the technology company's stock worth $1,332,000 after purchasing an additional 10,532 shares in the last quarter. Rezny Wealth Management Inc. purchased a new stake in shares of Celestica during the first quarter worth approximately $1,235,000. Forsta AP Fonden purchased a new stake in shares of Celestica during the first quarter worth approximately $4,677,000. Swiss National Bank increased its position in shares of Celestica by 43.6% during the first quarter. Swiss National Bank now owns 331,100 shares of the technology company's stock worth $26,138,000 after purchasing an additional 100,500 shares in the last quarter. Finally, Pinpoint Asset Management Ltd increased its position in shares of Celestica by 4,482.2% during the first quarter. Pinpoint Asset Management Ltd now owns 15,946 shares of the technology company's stock worth $1,257,000 after purchasing an additional 15,598 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Performance

Shares of Celestica stock opened at $208.02 on Monday. Celestica, Inc. has a 52 week low of $40.65 and a 52 week high of $214.47. The business's fifty day simple moving average is $156.11 and its 200-day simple moving average is $119.65. The firm has a market cap of $23.93 billion, a PE ratio of 45.03 and a beta of 1.80. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48.

Wall Street Analyst Weigh In

CLS has been the subject of several research reports. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Citigroup boosted their price target on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Argus dropped their price target on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Barclays boosted their price target on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Canaccord Genuity Group boosted their price objective on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Celestica currently has a consensus rating of "Buy" and a consensus price target of $168.92.

Celestica 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.

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