Shay Capital LLC Has $388,000 Holdings in Celestica Inc. (NYSE:CLS)

Shay Capital LLC cut its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 67.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,200 shares of the technology company's stock after selling 8,800 shares during the period. Shay Capital LLC's holdings in Celestica were worth $388,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Peregrine Capital Management LLC bought a new stake in Celestica in the 4th quarter valued at $30,000. Pinpoint Asset Management Ltd boosted its holdings 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 purchasing an additional 182 shares during the period. Bessemer Group Inc. bought a new stake in Celestica in the 4th quarter valued at $42,000. R Squared Ltd bought a new stake in Celestica in the 4th quarter valued at $51,000. Finally, IFP Advisors Inc boosted its holdings in Celestica by 122.7% in the 4th 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. 67.38% of the stock is owned by institutional investors.

Celestica Stock Up 1.1%

CLS traded up $1.18 during trading on Tuesday, reaching $112.78. The company had a trading volume of 3,206,459 shares, compared to its average volume of 3,219,788. 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 Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The business's fifty day moving average price is $88.87 and its 200 day moving average price is $96.52. The company has a market cap of $13.04 billion, a P/E ratio of 30.16 and a beta of 1.65.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the company earned $0.83 earnings per share. The firm's revenue was up 19.9% compared to the same quarter last year. Equities analysts anticipate that Celestica Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CLS. Argus dropped their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. Finally, Barclays dropped their target price on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.55.

Celestica 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.