Hudson Bay Capital Management LP Has $4.15 Million Stock Holdings in Celestica Inc. (NYSE:CLS)

Hudson Bay Capital Management LP increased its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 150.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,000 shares of the technology company's stock after purchasing an additional 27,000 shares during the quarter. Hudson Bay Capital Management LP's holdings in Celestica were worth $4,154,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CLS. FMR LLC boosted its holdings in shares of Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after purchasing an additional 5,574,342 shares during the period. FIL Ltd boosted its holdings in shares of Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after purchasing an additional 3,406,723 shares during the period. Norges Bank acquired a new stake in shares of Celestica during the fourth quarter worth approximately $139,008,000. Arrowstreet Capital Limited Partnership raised its position in Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after acquiring an additional 1,401,877 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Celestica by 799.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 802,227 shares of the technology company's stock valued at $74,044,000 after acquiring an additional 916,991 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CLS. Barclays cut their price objective on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Argus cut their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, TD Securities raised their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Two 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $109.55.

Celestica Stock Performance

CLS stock traded up $1.78 on Friday, reaching $113.27. 2,337,001 shares of the company were exchanged, compared to its average volume of 3,207,511. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The stock's fifty day moving average price is $87.39 and its 200 day moving average price is $95.44. The firm has a market capitalization of $13.09 billion, a PE ratio of 30.29 and a beta of 1.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results 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 for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Celestica's revenue was up 19.9% compared to the same quarter last year. On average, research analysts anticipate that Celestica Inc. will post 4.35 EPS for the current fiscal year.

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.