Tejara Capital Ltd Buys Shares of 63,400 Celanese Corporation $CE

Key Points

• Tejara Capital Ltd. acquired 63,400 shares of Celanese in the second quarter, valued at approximately $2.9 million and representing 1.2% of its portfolio. Institutional investors collectively own 98.87% of Celanese.
• Analyst sentiment is mixed: nine analysts rate Celanese a Buy, seven a Hold, and one a Sell, producing an overall “Hold” consensus and a $63.47 average price target.
• Celanese exceeded quarterly earnings expectations, reporting $2.45 in adjusted EPS versus a $2.23 estimate, while revenue rose 8.7% year over year to $2.75 billion. An SVP also bought 2,153 shares, and the company maintains a $0.03 quarterly dividend.

Tejara Capital Ltd bought a new stake in shares of Celanese Corporation (NYSE:CE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 63,400 shares of the basic materials company's stock, valued at approximately $2,916,000. Celanese comprises approximately 1.2% of Tejara Capital Ltd's investment portfolio, making the stock its 25th biggest holding. Tejara Capital Ltd owned approximately 0.06% of Celanese as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in Celanese by 111.1% in the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company's stock worth $28,000 after buying an additional 270 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Celanese by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company's stock worth $38,000 after acquiring an additional 331 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Celanese during the third quarter worth about $34,000. UMB Bank n.a. increased its holdings in shares of Celanese by 175.7% in the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company's stock worth $38,000 after acquiring an additional 571 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Celanese in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen cut shares of Celanese from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. boosted their price objective on Celanese from $53.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Mizuho set a $50.00 target price on Celanese in a research note on Wednesday, August 5th. Wells Fargo & Company reduced their price target on Celanese from $80.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $50.00 price target on Celanese in a report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Celanese has an average rating of "Hold" and a consensus price target of $63.47.

Insider Buying and Selling

In other Celanese news, SVP Mark Christopher Murray purchased 2,153 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $45.52 per share, with a total value of $98,004.56. Following the acquisition, the senior vice president owned 30,432 shares of the company's stock, valued at $1,385,264.64. The trade was a 7.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.34% of the company's stock.

Celanese Price Performance

Shares of NYSE:CE opened at $46.91 on Friday. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $70.70. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of -4.39, a PEG ratio of 0.30 and a beta of 0.76. The stock's 50 day moving average price is $46.83 and its 200 day moving average price is $53.84. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.87.

Celanese (NYSE:CE - Get Free Report) last released its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm posted $1.44 earnings per share. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Equities research analysts anticipate that Celanese Corporation will post 5.94 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 28th were issued 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 of this dividend was Tuesday, July 28th. Celanese's payout ratio is presently -1.12%.

About Celanese

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.

Want to see what other hedge funds are holding CE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celanese Corporation (NYSE:CE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source