Guggenheim Capital LLC Has $1.30 Million Stake in Celanese Co. (NYSE:CE)

Guggenheim Capital LLC reduced its holdings in Celanese Co. (NYSE:CE - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,812 shares of the basic materials company's stock after selling 15,791 shares during the period. Guggenheim Capital LLC's holdings in Celanese were worth $1,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CE. Sanctuary Advisors LLC raised its stake in Celanese by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 7,213 shares of the basic materials company's stock valued at $521,000 after purchasing an additional 351 shares during the last quarter. Twelve Points Wealth Management LLC boosted its position in Celanese by 157.8% during the fourth quarter. Twelve Points Wealth Management LLC now owns 10,124 shares of the basic materials company's stock worth $701,000 after acquiring an additional 6,197 shares during the last quarter. First Hawaiian Bank grew its stake in Celanese by 116.0% during the 4th quarter. First Hawaiian Bank now owns 15,400 shares of the basic materials company's stock valued at $1,066,000 after acquiring an additional 8,269 shares in the last quarter. Oak Thistle LLC purchased a new position in Celanese in the 4th quarter worth approximately $555,000. Finally, New England Research & Management Inc. acquired a new position in shares of Celanese during the 4th quarter worth approximately $768,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CE has been the topic of several analyst reports. UBS Group reduced their price target on shares of Celanese from $60.00 to $46.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Celanese from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. KeyCorp dropped their target price on shares of Celanese from $76.00 to $71.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets dropped their target price on Celanese from $73.00 to $46.00 and set an "underperform" rating on the stock in a report on Thursday, February 20th. Finally, Barclays lowered their target price on shares of Celanese from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $61.33.

Celanese Price Performance

NYSE CE traded down $0.15 during trading on Friday, reaching $43.56. 2,317,587 shares of the company traded hands, compared to its average volume of 2,023,890. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.34. The stock's 50 day moving average price is $49.50 and its two-hundred day moving average price is $70.81. Celanese Co. has a 1-year low of $36.29 and a 1-year high of $169.50. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -3.13, a P/E/G ratio of 1.05 and a beta of 1.08.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.25 by $0.20. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. As a group, analysts anticipate that Celanese Co. will post 8.79 EPS for the current year.

Celanese Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, April 28th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Monday, April 28th. Celanese's dividend payout ratio is currently -0.86%.

Celanese Company 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.