Calamos Advisors LLC Buys 101,676 Shares of Celestica, Inc. $CLS

Calamos Advisors LLC grew its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 3,035.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,026 shares of the technology company’s stock after buying an additional 101,676 shares during the period. Calamos Advisors LLC’s holdings in Celestica were worth $37,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Washington Trust Advisors Inc. bought a new stake in Celestica in the second quarter valued at approximately $28,000. Elevation Wealth Partners LLC bought a new position in Celestica during the 3rd quarter worth approximately $28,000. Ascentis Independent Advisors bought a new position in Celestica during the 1st quarter worth approximately $29,000. Latitude Advisors LLC acquired a new position in shares of Celestica in the 3rd quarter worth approximately $40,000. Finally, Mather Group LLC. boosted its stake in shares of Celestica by 266.7% in the 3rd quarter. Mather Group LLC. now owns 121 shares of the technology company’s stock valued at $44,000 after purchasing an additional 88 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Trading Up 0.5%

Shares of NYSE:CLS traded up $1.13 during mid-day trading on Friday, hitting $206.77. The company had a trading volume of 3,704,638 shares, compared to its average volume of 2,955,335. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.61 and a quick ratio of 1.03. Celestica, Inc. has a one year low of $197.50 and a one year high of $474.02. The firm has a fifty day moving average price of $317.31 and a 200 day moving average price of $329.19. The company has a market capitalization of $26.08 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 0.63 and a beta of 2.10.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, October 26th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.28. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.39 billion. Celestica had a net margin of 6.83% and a return on equity of 33.80%. As a group, research analysts forecast that Celestica, Inc. will post 10.97 EPS for the current year.

Insider Activity

In related news, President Todd Cooper sold 20,118 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the sale, the president directly owned 73,252 shares of the company’s stock, valued at $26,370,720. The trade was a 21.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 23,396 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total value of $8,521,291.12. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 67,010 shares of company stock valued at $24,278,487. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CLS has been the subject of several recent analyst reports. FBN Securities started coverage on shares of Celestica in a research report on Tuesday, September 15th. They set an “outperform” rating and a $375.00 price objective for the company. Royal Bank Of Canada set a $450.00 price target on shares of Celestica and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Canadian Imperial Bank of Commerce increased their price target on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Bank of America reissued a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Finally, Weiss Ratings downgraded Celestica from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $453.32.

About Celestica

Celestica Inc is a global provider of design, manufacturing, and supply chain services for companies across technology and industrial markets. Its work spans product development, engineering, manufacturing, testing, and ongoing product support.

The company’s offerings include hardware and infrastructure used in cloud computing and data centers, communications networks, aerospace and defense, industrial equipment, and health technology. It also provides supply chain management and other services to support products throughout their lifecycle.

Celestica traces its roots to IBM’s manufacturing operations and became an independent company in 1996.