Millennium Management LLC Acquires New Holdings in Celestica Inc (CLS)

Millennium Management LLC acquired a new position in Celestica Inc (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 115,055 shares of the technology company’s stock, valued at approximately $1,366,000. Millennium Management LLC owned 0.10% of Celestica as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of Celestica by 27.7% during the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,906,535 shares of the technology company’s stock valued at $29,799,000 after purchasing an additional 414,100 shares during the period. Engine Capital Management LP raised its position in shares of Celestica by 1.2% during the 2nd quarter. Engine Capital Management LP now owns 396,300 shares of the technology company’s stock valued at $4,704,000 after purchasing an additional 4,700 shares during the period. Bank of America Corp DE raised its position in shares of Celestica by 1,451.3% during the 2nd quarter. Bank of America Corp DE now owns 60,003 shares of the technology company’s stock valued at $712,000 after purchasing an additional 56,135 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Celestica during the 2nd quarter valued at $298,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Celestica by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 614,014 shares of the technology company’s stock valued at $7,288,000 after purchasing an additional 12,027 shares during the period. Institutional investors and hedge funds own 65.45% of the company’s stock.

Shares of NYSE CLS opened at $10.51 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.79. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 6.44 and a beta of 0.57. Celestica Inc has a 52-week low of $9.10 and a 52-week high of $12.59.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.14. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. Celestica had a net margin of 0.82% and a return on equity of 4.03%. On average, equities analysts forecast that Celestica Inc will post 0.39 earnings per share for the current year.

A number of brokerages have issued reports on CLS. TD Securities lifted their price target on shares of Celestica from $11.00 to $12.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. Beacon Securities downgraded shares of Celestica from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. BMO Capital Markets set a $12.00 price target on shares of Celestica and gave the company a “hold” rating in a report on Wednesday, October 24th. Zacks Investment Research downgraded shares of Celestica from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Macquarie upgraded shares of Celestica from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Celestica currently has an average rating of “Hold” and an average target price of $12.40.

About Celestica

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, 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.

Read More: What are Institutional Investors?

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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