Y Intercept Hong Kong Ltd Invests $819,000 in Celestica, Inc. (NYSE:CLS)

Key Points

• Y Intercept Hong Kong Ltd has acquired 10,391 shares of Celestica, Inc., valued at approximately $819,000, during the first quarter, marking a significant institutional investment in the technology firm.
• Analysts have varying outlooks on Celestica's stock, with price targets ranging from $120.00 to $172.00, while the stock has an average rating of "Moderate Buy" and a consensus target price of $125.83.
• Celestica reported a 19.9% year-over-year revenue increase and earnings per share (EPS) of $1.20 for the latest quarter, exceeding analyst expectations.

Y Intercept Hong Kong Ltd purchased a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,391 shares of the technology company's stock, valued at approximately $819,000.

A number of other hedge funds also recently modified their holdings of CLS. Rothschild Investment LLC acquired a new stake in shares of Celestica during the first quarter worth about $26,000. ORG Partners LLC acquired a new stake in shares of Celestica during the first quarter worth about $29,000. Center for Financial Planning Inc. acquired a new stake in Celestica in the 1st quarter valued at approximately $30,000. Pinpoint Asset Management Ltd raised its position in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after buying an additional 182 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Celestica in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Performance

Shares of NYSE CLS traded up $29.05 during midday trading on Tuesday, hitting $202.42. 7,547,788 shares of the company's stock were exchanged, compared to its average volume of 4,382,313. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. Celestica, Inc. has a 12 month low of $40.25 and a 12 month high of $208.66. The company's 50 day moving average price is $141.07 and its 200 day moving average price is $114.10. The firm has a market capitalization of $23.28 billion, a PE ratio of 55.68 and a beta of 1.81.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CLS shares. JPMorgan Chase & Co. lifted their target price on Celestica from $115.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Barclays reissued an "overweight" rating and issued a $146.00 target price (up previously from $126.00) on shares of Celestica in a research report on Tuesday, June 10th. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. BMO Capital Markets reissued an "outperform" rating and issued a $130.00 target price (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Finally, Argus dropped their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Celestica currently has a consensus rating of "Moderate Buy" and an average target price of $125.83.

Celestica Company Profile

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.