HBK Investments L P acquired a new stake in Celanese Co. (NYSE:CE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,800 shares of the basic materials company’s stock, valued at approximately $3,298,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First PREMIER Bank raised 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 buying an additional 900 shares in the last quarter. Cerebellum GP LLC acquired a new stake in Celanese in the fourth quarter valued at $129,000. Wellington Shields & Co. LLC acquired a new stake in Celanese in the fourth quarter valued at $203,000. Barrett Asset Management LLC raised its stake 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 valued at $219,000 after buying an additional 600 shares in the last quarter. Finally, Lourd Capital LLC acquired a new stake in shares of Celanese during the fourth quarter worth about $221,000. Institutional investors and hedge funds own 95.83% of the company’s stock.
In related news, CFO Christopher W. Jensen sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was 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 of the company’s stock, valued at $5,821,640. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.42% of the company’s stock.
A number of analysts have recently commented on CE shares. Zacks Investment Research cut Celanese from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. SunTrust Banks reiterated a “buy” rating on shares of Celanese in a research report on Wednesday, January 17th. Wells Fargo reiterated a “market perform” rating and set a $110.00 target price (up previously from $104.00) on shares of Celanese in a research report on Wednesday, January 17th. UBS lifted their target price on Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Finally, Citigroup lifted their target price on Celanese from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $113.28.
Celanese Co. (NYSE CE) opened at $106.73 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.21 and a debt-to-equity ratio of 1.00. Celanese Co. has a twelve month low of $83.34 and a twelve month high of $114.00. The stock has a market capitalization of $14,359.93, a PE ratio of 17.50, a P/E/G ratio of 1.38 and a beta of 1.29.
Celanese (NYSE:CE) last released its quarterly earnings results 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 return on equity of 32.96% and a net margin of 13.73%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company posted $1.52 earnings per share. The business’s revenue was up 21.5% on a year-over-year basis. analysts expect that Celanese Co. will post 8.58 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Tuesday, February 20th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Friday, February 16th. Celanese’s dividend payout ratio is currently 30.16%.
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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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