NorthCoast Asset Management LLC purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 138,829 shares of the technology company’s stock, valued at approximately $1,885,000. NorthCoast Asset Management LLC owned about 0.10% of Celestica at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. KCG Holdings Inc. increased its holdings in shares of Celestica by 26.2% in the 1st quarter. KCG Holdings Inc. now owns 24,769 shares of the technology company’s stock worth $360,000 after buying an additional 5,137 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Celestica by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 590,017 shares of the technology company’s stock worth $8,573,000 after buying an additional 26,062 shares during the last quarter. UBS Group AG increased its holdings in shares of Celestica by 34.6% in the 1st quarter. UBS Group AG now owns 98,357 shares of the technology company’s stock worth $1,429,000 after buying an additional 25,257 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in shares of Celestica by 5.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 24,907 shares of the technology company’s stock worth $338,000 after buying an additional 1,228 shares during the last quarter. Finally, AXA bought a new position in shares of Celestica in the 1st quarter worth $212,000. 59.83% of the stock is currently owned by hedge funds and other institutional investors.
Celestica, Inc. (NYSE CLS) remained flat at $12.10 during trading on Friday. 524,923 shares of the company’s stock traded hands. Celestica, Inc. has a one year low of $10.16 and a one year high of $14.74. The firm’s 50 day moving average is $11.80 and its 200 day moving average is $13.39. The firm has a market capitalization of $1.73 billion, a PE ratio of 13.15 and a beta of 0.67.
Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.08. Celestica had a return on equity of 13.64% and a net margin of 2.12%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that Celestica, Inc. will post $1.27 EPS for the current year.
A number of equities analysts have recently commented on CLS shares. Standpoint Research raised shares of Celestica from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. They noted that the move was a valuation call. Canaccord Genuity reissued a “buy” rating on shares of Celestica in a report on Friday, July 28th. BMO Capital Markets decreased their price target on shares of Celestica from $14.50 to $13.40 and set a “market perform” rating on the stock in a report on Wednesday, July 26th. Bank of America Corporation started coverage on shares of Celestica in a report on Thursday, June 15th. They issued a “neutral” rating and a $15.50 price target on the stock. Finally, Macquarie lowered shares of Celestica from an “outperform” rating to a “neutral” rating in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Celestica has a consensus rating of “Hold” and a consensus target price of $13.92.
Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.
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