Samlyn Capital LLC Acquires 803,868 Shares of Celanese Corporation $CE

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 boosted its position in Celanese Corporation (NYSE:CE - Free Report) by 379.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 approximately 0.93% of Celanese worth $57,675,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new position in shares of Celanese during the 1st quarter worth approximately $292,000. Teacher Retirement System of Texas bought a new stake in Celanese in the 1st quarter valued at $907,000. Mather Group LLC. boosted its stake in Celanese by 127.0% in the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 348 shares during the period. Amalgamated Bank boosted its stake in Celanese by 55.1% in the 1st quarter. Amalgamated Bank now owns 33,508 shares of the basic materials company's stock valued at $1,902,000 after purchasing an additional 11,905 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Celanese by 20.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,225 shares of the basic materials company's stock valued at $2,397,000 after purchasing an additional 7,275 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays boosted their price target on Celanese from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Bank of America reduced their price target on Celanese from $65.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Wall Street Zen raised Celanese from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. KeyCorp lowered their price target on Celanese from $77.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Finally, Wells Fargo & Company lowered their price target on Celanese from $72.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $57.22.

Celanese Price Performance

CE traded up $2.74 on Thursday, reaching $46.96. The stock had a trading volume of 1,728,708 shares, compared to its average volume of 2,757,460. Celanese Corporation has a fifty-two week low of $36.29 and a fifty-two week high of $142.54. The firm has a 50-day moving average of $51.31 and a 200-day moving average of $51.27. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of -3.17, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11.

Celanese (NYSE:CE - Get Free Report) last issued its earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.06. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The business's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.38 EPS. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, sell-side analysts anticipate that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Celanese's dividend payout ratio is presently -0.81%.

Insider Buying and Selling at Celanese

In related news, Director Timothy Go purchased 1,039 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was bought at an average price of $46.25 per share, with a total value of $48,053.75. Following the completion of the purchase, the director owned 4,415 shares in the company, valued at approximately $204,193.75. This represents a 30.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.33% 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.