Point72 Europe London LLP Takes Position in Celanese Corporation $CE

Key Points

• Point72 Europe London LLP acquired a stake in Celanese Corporation, purchasing 211,696 shares valued at approximately $12 million, indicating increased institutional interest in the company.
• Celanese reported $1.44 EPS for the recent quarter, surpassing analyst expectations, while its revenue decreased 4.5% from the previous year.
• Analysts have mixed ratings on Celanese, with Zacks downgrading the stock to "strong sell," while Mizuho set a new target price of $59.00, reflecting varying confidence among investors.

Point72 Europe London LLP acquired a new stake in Celanese Corporation (NYSE:CE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 211,696 shares of the basic materials company's stock, valued at approximately $12,018,000. Point72 Europe London LLP owned approximately 0.19% of Celanese at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CE. Turtle Creek Asset Management Inc. raised its holdings in shares of Celanese by 266.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,506,440 shares of the basic materials company's stock valued at $242,681,000 after buying an additional 2,550,334 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Celanese by 134.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company's stock valued at $202,455,000 after buying an additional 2,044,662 shares during the period. Federated Hermes Inc. raised its holdings in shares of Celanese by 9,132.0% during the 1st quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company's stock valued at $102,263,000 after buying an additional 1,781,837 shares during the period. Dodge & Cox raised its holdings in shares of Celanese by 13.0% during the 1st quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company's stock valued at $873,771,000 after buying an additional 1,773,354 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Celanese during the 4th quarter valued at about $59,572,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Trading Up 1.7%

NYSE:CE opened at $47.65 on Friday. Celanese Corporation has a 12-month low of $36.29 and a 12-month high of $142.54. The firm has a market capitalization of $5.22 billion, a P/E ratio of -3.22, a P/E/G ratio of 2.06 and a beta of 1.10. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. The business has a 50 day simple moving average of $53.01 and a 200 day simple moving average of $52.06.

Celanese (NYSE:CE - Get Free Report) last released 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 positive return on equity of 10.48% and a negative net margin of 16.30%.The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $2.38 EPS. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Equities research analysts predict that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, July 29th. Celanese's payout ratio is -0.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CE shares. Zacks Research downgraded Celanese from a "hold" rating to a "strong sell" rating in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Celanese and gave the stock a "buy" rating in a report on Wednesday, August 13th. BMO Capital Markets dropped their price objective on Celanese from $55.00 to $47.00 and set a "market perform" rating on the stock in a report on Thursday, August 14th. Wall Street Zen upgraded Celanese from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Mizuho lifted their target price on Celanese from $50.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $59.39.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.