Soviero Asset Management LP Acquires 32,000 Shares of Celanese Corporation $CE

Soviero Asset Management LP lifted its position in shares of Celanese Corporation (NYSE:CE) by 61.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,000 shares of the basic materials company’s stock after acquiring an additional 32,000 shares during the quarter. Celanese makes up approximately 2.8% of Soviero Asset Management LP’s portfolio, making the stock its 12th biggest position. Soviero Asset Management LP owned 0.08% of Celanese worth $4,648,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. iSAM Funds UK Ltd bought a new stake in shares of Celanese during the second quarter worth about $427,000. State Street Corp boosted its position in Celanese by 3.2% during the 2nd quarter. State Street Corp now owns 3,828,747 shares of the basic materials company’s stock worth $211,845,000 after buying an additional 120,208 shares during the period. Bank of Nova Scotia grew its holdings in Celanese by 5,261.2% during the 2nd quarter. Bank of Nova Scotia now owns 355,874 shares of the basic materials company’s stock worth $19,691,000 after acquiring an additional 349,236 shares during the last quarter. California Public Employees Retirement System increased its position in Celanese by 6.5% in the 2nd quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company’s stock valued at $10,235,000 after acquiring an additional 11,347 shares during the period. Finally, Cooper Creek Partners Management LLC bought a new position in shares of Celanese during the second quarter valued at $24,191,000. 98.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CE shares. Bank of America reduced their price objective on shares of Celanese from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. KeyCorp decreased their price target on Celanese from $77.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Wells Fargo & Company lowered their price objective on Celanese from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Citigroup upped their target price on Celanese from $53.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Tudor Pickering raised shares of Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Celanese has a consensus rating of “Hold” and a consensus target price of $54.78.

Celanese Stock Up 0.3%

Shares of NYSE CE opened at $40.14 on Wednesday. The firm has a market cap of $4.40 billion, a PE ratio of -1.42 and a beta of 1.13. The company’s fifty day simple moving average is $40.28 and its 200 day simple moving average is $47.48. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 2.66. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $75.84.

Celanese (NYSE:CE) last issued its earnings results on Thursday, November 6th. The basic materials company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. Celanese had a positive return on equity of 9.87% and a negative net margin of 31.85%.The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the company posted $2.44 EPS. The firm’s revenue was down 8.6% compared to the same quarter last year. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. As a group, sell-side analysts forecast that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, October 28th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, October 28th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s dividend payout ratio is presently -0.42%.

Celanese 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.