17,808 Shares in Celestica Inc. (NYSE:CLS) Purchased by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. bought a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,808 shares of the technology company's stock, valued at approximately $1,403,000.

A number of other hedge funds have also recently made changes to their positions in the company. Annex Advisory Services LLC raised its holdings in Celestica by 11.6% in the 1st quarter. Annex Advisory Services LLC now owns 3,203 shares of the technology company's stock valued at $252,000 after buying an additional 332 shares during the last quarter. Bay Rivers Group increased its position in Celestica by 1.1% in the 1st quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock valued at $1,536,000 after buying an additional 215 shares in the last quarter. Lifestyle Asset Management Inc. acquired a new position in Celestica during the 1st quarter worth approximately $594,000. Fulton Bank N.A. bought a new position in Celestica in the first quarter worth approximately $282,000. Finally, Legacy Wealth Asset Management LLC bought a new position in Celestica in the first quarter worth approximately $381,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Performance

CLS traded up $6.12 on Wednesday, hitting $127.63. The company's stock had a trading volume of 4,985,576 shares, compared to its average volume of 3,281,773. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The firm has a market cap of $14.75 billion, a P/E ratio of 34.12 and a beta of 1.74. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company's 50 day simple moving average is $98.20 and its 200-day simple moving average is $100.20.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $0.83 earnings per share. The business's revenue for the quarter was up 19.9% on a year-over-year basis. Analysts forecast that Celestica Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CLS. Barclays reiterated an "overweight" rating and issued a $146.00 target price (up from $126.00) on shares of Celestica in a report on Tuesday. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 price objective (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Stifel Nicolaus raised their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Finally, Argus dropped their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.64.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.