HB Wealth Management LLC Makes New $340,000 Investment in Celanese Corporation $CE

Key Points

• HB Wealth Management LLC made a new investment in Celanese Corporation, purchasing 6,146 shares valued at approximately $340,000 in the second quarter.
• Celanese reported a quarterly earnings per share (EPS) of $1.44, surpassing analyst estimates of $1.38, while its quarterly revenue decreased 4.5% year-over-year.
• The company's stock opened at $44.31, with institutional investors holding 98.87% of the stock, highlighting significant interest from large investors.

HB Wealth Management LLC bought a new stake in Celanese Corporation (NYSE:CE - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 6,146 shares of the basic materials company's stock, valued at approximately $340,000.

Several other large investors have also recently made changes to their positions in the company. Sage Rhino Capital LLC lifted its stake in shares of Celanese by 4.5% in the 2nd quarter. Sage Rhino Capital LLC now owns 5,058 shares of the basic materials company's stock valued at $280,000 after purchasing an additional 220 shares during the period. CX Institutional lifted its stake in shares of Celanese by 39.4% in the 2nd quarter. CX Institutional now owns 2,347 shares of the basic materials company's stock valued at $130,000 after purchasing an additional 663 shares during the period. QSM Asset Management Ltd lifted its stake in shares of Celanese by 21.4% in the 2nd quarter. QSM Asset Management Ltd now owns 99,275 shares of the basic materials company's stock valued at $5,518,000 after purchasing an additional 17,525 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Celanese in the 2nd quarter valued at $315,000. Finally, GAMMA Investing LLC lifted its stake in shares of Celanese by 73.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,337 shares of the basic materials company's stock valued at $351,000 after purchasing an additional 2,675 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Celanese Price Performance

Celanese stock opened at $44.31 on Tuesday. Celanese Corporation has a 52-week low of $36.29 and a 52-week high of $137.36. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -2.99, a PEG ratio of 2.05 and a beta of 1.13. The company has a fifty day simple moving average of $45.77 and a 200-day simple moving average of $49.93. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. Celanese's quarterly revenue was down 4.5% on a year-over-year basis. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, equities analysts anticipate that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Announces Dividend

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

Insider Activity

In other news, Director Timothy Go acquired 1,039 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average price of $46.25 per share, with a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citigroup upgraded shares of Celanese from a "neutral" rating to a "buy" rating and boosted their target price for the company from $47.00 to $53.00 in a research note on Thursday. Zacks Research cut shares of Celanese from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 14th. Robert W. Baird reduced their price objective on shares of Celanese from $67.00 to $50.00 and set an "outperform" rating for the company in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Celanese and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Bank of America reduced their price objective on shares of Celanese from $65.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Celanese presently has a consensus rating of "Hold" and a consensus target price of $56.33.

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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