Renaissance Technologies LLC Buys New Stake in Celestica Inc (CLS)

Renaissance Technologies LLC bought a new stake in shares of Celestica Inc (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 25,100 shares of the technology company’s stock, valued at approximately $298,000.

Several other institutional investors have also modified their holdings of CLS. Northern Trust Corp acquired a new stake in shares of Celestica during the 1st quarter valued at about $104,000. Dynamic Technology Lab Private Ltd acquired a new position in Celestica in the first quarter valued at about $138,000. Fox Run Management L.L.C. acquired a new position in Celestica in the second quarter valued at about $140,000. Balter Liquid Alternatives LLC boosted its position in Celestica by 34.8% in the second quarter. Balter Liquid Alternatives LLC now owns 66,333 shares of the technology company’s stock valued at $786,000 after buying an additional 17,141 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Celestica by 12.7% in the second quarter. Bank of Montreal Can now owns 232,968 shares of the technology company’s stock valued at $2,765,000 after buying an additional 26,197 shares in the last quarter. Institutional investors and hedge funds own 65.56% of the company’s stock.

CLS has been the topic of a number of recent analyst reports. Macquarie upgraded shares of Celestica from a “neutral” rating to an “outperform” rating in a research report on Wednesday, October 10th. Beacon Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research report on Wednesday, October 10th. TD Securities boosted their price target on shares of Celestica from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. BMO Capital Markets set a $12.00 price target on shares of Celestica and gave the company a “hold” rating in a research report on Wednesday, October 24th. Finally, TheStreet lowered shares of Celestica from a “b-” rating to a “c+” rating in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.40.

NYSE:CLS opened at $10.31 on Friday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 6.73 and a beta of 0.59. Celestica Inc has a 12 month low of $9.10 and a 12 month high of $12.59. The company has a current ratio of 1.79, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27.

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

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Celestica Company Profile

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.

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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