Celanese Corporation $CE Shares Acquired by Samlyn Capital LLC

Key Points

• Samlyn Capital LLC increased its ownership in Celanese Corporation by 379.1% during the first quarter, owning over 1 million shares valued at approximately $57.67 million.
• Other hedge funds such as Dodge & Cox and Price T Rowe Associates also significantly increased their positions in Celanese, indicating strong institutional interest.
• Celanese's recent earnings report showed EPS of $1.44, beating estimates, even though quarterly revenue declined by 4.5% year-over-year.

Samlyn Capital LLC grew its position in Celanese Corporation (NYSE:CE - Free Report) by 379.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,015,938 shares of the basic materials company's stock after buying an additional 803,868 shares during the quarter. Samlyn Capital LLC owned 0.93% of Celanese worth $57,675,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CE. Turtle Creek Asset Management Inc. lifted its holdings in shares of Celanese by 266.7% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,506,440 shares of the basic materials company's stock worth $242,681,000 after buying an additional 2,550,334 shares during the period. Price T Rowe Associates Inc. MD lifted its stake 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 worth $202,455,000 after purchasing an additional 2,044,662 shares during the last quarter. Federated Hermes Inc. lifted its stake 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 worth $102,263,000 after purchasing an additional 1,781,837 shares during the last quarter. Dodge & Cox lifted its stake 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 worth $873,771,000 after purchasing an additional 1,773,354 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Celanese during the 4th quarter worth $59,572,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Celanese Stock Down 4.0%

NYSE:CE traded down $1.84 during mid-day trading on Tuesday, hitting $44.68. 2,471,967 shares of the company's stock traded hands, compared to its average volume of 2,601,457. The company has a fifty day moving average of $51.63 and a 200 day moving average of $51.32. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $142.54. The company has a market capitalization of $4.89 billion, a P/E ratio of -3.01, a P/E/G ratio of 2.11 and a beta of 1.11. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05.

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

Celanese Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders 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%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group decreased their price objective on Celanese from $47.00 to $43.00 and set a "hold" rating for the company in a research note on Monday. Bank of America decreased their price objective on Celanese from $65.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. UBS Group decreased their price objective on Celanese from $66.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Wall Street Zen upgraded Celanese from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Citigroup upped their price objective on Celanese from $52.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $57.22.

Insider Buying and Selling at Celanese

In other news, Director Timothy Go acquired 1,039 shares of the business's stock in a transaction dated Monday, September 8th. The shares were acquired at an average cost 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 approximately $204,193.75. This trade represents a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company's stock.

Celanese 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.