Celestica Inc. (NYSE:CLS) Stake Trimmed by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC decreased its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 39.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,377 shares of the technology company's stock after selling 122,611 shares during the period. Celestica makes up 4.5% of G2 Investment Partners Management LLC's holdings, making the stock its 4th biggest holding. G2 Investment Partners Management LLC owned about 0.16% of Celestica worth $17,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peregrine Capital Management LLC acquired a new position in Celestica in the fourth quarter valued at $30,000. Pinpoint Asset Management Ltd raised its holdings in shares of Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after purchasing an additional 182 shares during the period. Bessemer Group Inc. acquired a new position in shares of Celestica during the fourth quarter valued at about $42,000. R Squared Ltd acquired a new position in shares of Celestica during the fourth quarter valued at about $51,000. Finally, IFP Advisors Inc raised its holdings in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after purchasing an additional 368 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Down 3.4%

CLS stock traded down $3.30 during trading on Friday, reaching $93.03. The stock had a trading volume of 2,692,143 shares, compared to its average volume of 3,175,062. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. 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 moving average is $85.52 and its two-hundred day moving average is $94.72. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 24.87 and a beta of 1.65.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CLS shares. TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $120.00 price objective on shares of Celestica in a report on Monday, April 28th. Argus dropped their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $105.42.

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.