Meadow Creek Investment Management LLC grew its position in shares of Celanese Co. (NYSE:CE) by 17.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,820 shares of the basic materials company’s stock after buying an additional 4,480 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Celanese were worth $3,193,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of CE. First PREMIER Bank boosted its stake in Celanese by 900.0% in the fourth quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 900 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Celanese in the fourth quarter worth $129,000. Wellington Shields & Co. LLC acquired a new stake in Celanese in the fourth quarter worth $203,000. Barrett Asset Management LLC raised its holdings in Celanese by 40.0% in the third quarter. Barrett Asset Management LLC now owns 2,100 shares of the basic materials company’s stock worth $219,000 after purchasing an additional 600 shares during the period. Finally, Lourd Capital LLC acquired a new stake in Celanese in the fourth quarter worth $221,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
CE stock traded down $2.39 during trading on Friday, reaching $99.92. 1,511,905 shares of the company were exchanged, compared to its average volume of 894,293. The stock has a market cap of $13,570.83, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.30 and a beta of 1.33. Celanese Co. has a twelve month low of $83.34 and a twelve month high of $114.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.79 and a quick ratio of 1.21.
Celanese (NYSE:CE) last released its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.12. Celanese had a net margin of 13.73% and a return on equity of 32.96%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. equities research analysts anticipate that Celanese Co. will post 8.59 EPS for the current fiscal year.
In related news, CFO Christopher W. Jensen sold 3,000 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the transaction, the chief financial officer now owns 52,924 shares in the company, valued at approximately $5,821,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company’s stock.
CE has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of Celanese in a report on Tuesday, March 27th. They set an “outperform” rating and a $131.00 price objective on the stock. Jefferies Group restated a “buy” rating and set a $130.00 price objective on shares of Celanese in a report on Monday, January 29th. UBS raised their price objective on shares of Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. SunTrust Banks reaffirmed a “buy” rating on shares of Celanese in a research report on Wednesday, January 17th. Finally, Zacks Investment Research raised shares of Celanese from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. Celanese presently has an average rating of “Buy” and an average target price of $116.13.
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Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.
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