Susquehanna Advisors Group Inc. Invests $13.43 Million in Celestica Inc. (NYSE:CLS)

Susquehanna Advisors Group Inc. bought a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 145,500 shares of the technology company's stock, valued at approximately $13,430,000. Susquehanna Advisors Group Inc. owned 0.13% of Celestica at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CLS. Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. Pinpoint Asset Management Ltd increased its position in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after buying an additional 182 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of Celestica in the fourth quarter worth $42,000. R Squared Ltd purchased a new stake in shares of Celestica in the fourth quarter valued at $51,000. Finally, IFP Advisors Inc boosted its stake 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 acquiring an additional 368 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Stifel Nicolaus increased their price target on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. CIBC lowered their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Finally, 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 research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Celestica currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.58.

Insiders Place Their Bets

In other Celestica news, CEO Robert Mionis sold 52,588 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the transaction, the chief executive officer now owns 531,417 shares of the company's stock, valued at $67,776,924.18. This trade represents a 9.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mandeep Chawla sold 9,483 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,209,461.82. Following the completion of the sale, the chief financial officer now owns 90,771 shares of the company's stock, valued at $11,576,933.34. This trade represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 934,381 shares of company stock valued at $116,673,769 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

Celestica Stock Down 3.3 %

CLS traded down $3.01 on Friday, reaching $89.13. The company's stock had a trading volume of 6,937,107 shares, compared to its average volume of 3,127,409. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 23.83 and a beta of 2.09. The business's 50 day moving average is $89.22 and its 200 day moving average is $92.05.

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.