Nomura Holdings Inc. Makes New Investment in Celanese Co. (NYSE:CE)

Nomura Holdings Inc. purchased a new position in Celanese Co. (NYSE:CE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,819 shares of the basic materials company's stock, valued at approximately $956,000.

Several other hedge funds have also added to or reduced their stakes in the business. Dodge & Cox raised its holdings in Celanese by 100.3% during the 4th quarter. Dodge & Cox now owns 13,618,062 shares of the basic materials company's stock valued at $942,506,000 after buying an additional 6,818,993 shares during the last quarter. Invesco Ltd. raised its stake in shares of Celanese by 105.0% during the fourth quarter. Invesco Ltd. now owns 3,969,284 shares of the basic materials company's stock valued at $274,714,000 after acquiring an additional 2,033,025 shares during the last quarter. Norges Bank bought a new position in shares of Celanese during the fourth quarter valued at about $222,815,000. Geode Capital Management LLC raised its position in Celanese by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 2,679,670 shares of the basic materials company's stock valued at $184,998,000 after purchasing an additional 73,498 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in Celanese by 4,506.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,344,661 shares of the basic materials company's stock valued at $162,274,000 after purchasing an additional 2,293,764 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CE shares. Bank of America upped their target price on Celanese from $55.00 to $61.00 and gave the company a "buy" rating in a report on Friday. UBS Group decreased their price objective on shares of Celanese from $60.00 to $46.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Celanese from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. BMO Capital Markets decreased their price objective on shares of Celanese from $73.00 to $46.00 and set an "underperform" rating for the company in a report on Thursday, February 20th. Finally, Alembic Global Advisors raised shares of Celanese from a "neutral" rating to an "overweight" rating and set a $70.00 price target for the company in a research note on Monday, March 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $61.44.

Celanese Stock Down 2.0%

CE stock opened at $52.43 on Tuesday. Celanese Co. has a twelve month low of $36.29 and a twelve month high of $157.74. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 1.98. The firm has a market cap of $5.73 billion, a PE ratio of -3.76, a price-to-earnings-growth ratio of 1.05 and a beta of 1.09. The business has a 50 day moving average of $48.40 and a 200 day moving average of $61.64.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The basic materials company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the company earned $2.08 earnings per share. The company's revenue was down 8.5% on a year-over-year basis. On average, research analysts forecast that Celanese Co. will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, April 28th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, April 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.23%. Celanese's dividend payout ratio is currently -0.79%.

Celanese Company Profile

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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