5,913 Shares in Celanese Co. (NYSE:CE) Purchased by Jump Financial LLC

Jump Financial LLC bought a new stake in Celanese Co. (NYSE:CE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,913 shares of the basic materials company's stock, valued at approximately $409,000.

A number of other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in Celanese in the 4th quarter worth approximately $222,815,000. Invesco Ltd. raised its position in shares of Celanese by 105.0% in the fourth quarter. Invesco Ltd. now owns 3,969,284 shares of the basic materials company's stock worth $274,714,000 after acquiring an additional 2,033,025 shares during the period. Brandywine Global Investment Management LLC boosted its stake in shares of Celanese by 1,453.1% during the 4th quarter. Brandywine Global Investment Management LLC now owns 953,802 shares of the basic materials company's stock worth $66,013,000 after acquiring an additional 892,391 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Celanese by 768.8% during the 4th quarter. National Bank of Canada FI now owns 423,887 shares of the basic materials company's stock worth $29,337,000 after acquiring an additional 375,095 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Celanese by 139.8% during the 4th quarter. KBC Group NV now owns 512,253 shares of the basic materials company's stock valued at $35,453,000 after acquiring an additional 298,596 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Trading Up 1.6 %

Shares of CE traded up $0.69 during mid-day trading on Thursday, reaching $45.20. The stock had a trading volume of 635,461 shares, compared to its average volume of 2,053,119. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.34 and a quick ratio of 0.76. The business's fifty day moving average is $48.95 and its 200 day moving average is $69.81. Celanese Co. has a 52-week low of $36.29 and a 52-week high of $169.50. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of -3.25, 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 data on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. On average, sell-side analysts predict that Celanese Co. will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, April 28th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Monday, April 28th. Celanese's dividend payout ratio is presently -0.86%.

Wall Street Analyst Weigh In

CE has been the topic of several research analyst reports. StockNews.com lowered Celanese from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. BMO Capital Markets cut their price target on shares of Celanese from $73.00 to $46.00 and set an "underperform" rating for the company in a report on Thursday, February 20th. Mizuho set a $45.00 price objective on shares of Celanese in a report on Tuesday, April 15th. Piper Sandler reissued an "underweight" rating and set a $48.00 target price (down previously from $50.00) on shares of Celanese in a research note on Monday, April 7th. Finally, Alembic Global Advisors raised shares of Celanese from a "neutral" rating to an "overweight" rating and set a $70.00 price target on the stock in a research note on Monday, March 17th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Celanese currently has an average rating of "Hold" and an average price target of $61.33.

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.