Sciencast Management LP Acquires Shares of 6,300 Celanese Corporation $CE

Key Points

• Sciencast Management LP acquired a new stake in Celanese Corporation, purchasing 6,300 shares valued at approximately $358,000 in the first quarter.
• Institutional investors collectively own 98.87% of Celanese stock, with several firms increasing their holdings significantly during the same period.
• Celanese reported a quarterly EPS of $1.44, exceeding analysts' expectations, despite a 4.5% year-over-year decline in revenue.

Sciencast Management LP bought a new stake in shares of Celanese Corporation (NYSE:CE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,300 shares of the basic materials company's stock, valued at approximately $358,000.

A number of other large investors have also recently bought and sold shares of CE. Strengthening Families & Communities LLC lifted its stake in shares of Celanese by 73.2% in the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 186 shares during the period. Summit Securities Group LLC acquired a new stake in Celanese during the first quarter worth approximately $30,000. State of Wyoming lifted its stake in Celanese by 122.5% in the fourth quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after buying an additional 267 shares during the period. Mather Group LLC. lifted its stake in Celanese by 127.0% in the first quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock valued at $35,000 after buying an additional 348 shares during the period. Finally, LRI Investments LLC lifted its stake in Celanese by 739.1% in the fourth quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock valued at $37,000 after buying an additional 473 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CE shares. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Celanese and gave the company a "buy" rating in a research note on Wednesday, August 13th. BMO Capital Markets lowered their price objective on shares of Celanese from $55.00 to $47.00 and set a "market perform" rating for the company in a research note on Thursday, August 14th. Royal Bank Of Canada lowered their price objective on shares of Celanese from $63.00 to $45.00 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. Zacks Research lowered shares of Celanese from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 14th. Finally, UBS Group lowered their price objective on shares of Celanese from $66.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $57.22.

Insider Buying and Selling

In related news, Director Timothy Go purchased 1,039 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average cost of $46.25 per share, with a total value of $48,053.75. Following the transaction, the director owned 4,415 shares of the company's stock, valued at $204,193.75. This represents a 30.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company's stock.

Celanese Stock Down 2.5%

Shares of NYSE:CE traded down $1.17 during trading on Friday, reaching $45.70. 1,014,011 shares of the stock were exchanged, compared to its average volume of 1,859,887. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. Celanese Corporation has a 1-year low of $36.29 and a 1-year high of $142.54. The stock has a fifty day moving average of $50.72 and a two-hundred day moving average of $51.16. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of -3.08, a price-to-earnings-growth ratio of 2.06 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 for the quarter, topping analysts' consensus estimates of $1.38 by $0.06. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.Celanese's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Research analysts anticipate that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

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

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.