Y Intercept Hong Kong Ltd Invests $214,000 in Celestica Inc. (NYSE:CLS)

Y Intercept Hong Kong Ltd bought a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,177 shares of the technology company’s stock, valued at approximately $214,000.

Other hedge funds also recently modified their holdings of the company. Westover Capital Advisors LLC lifted its stake in Celestica by 20.9% during the 2nd quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company’s stock valued at $1,248,000 after acquiring an additional 3,764 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Celestica by 120.9% in the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after purchasing an additional 56,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica during the third quarter valued at about $61,210,000. Sigma Planning Corp bought a new position in shares of Celestica during the third quarter valued at about $420,000. Finally, Advisors Asset Management Inc. boosted its holdings in Celestica by 61.9% during the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock worth $1,682,000 after purchasing an additional 12,584 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CLS. UBS Group initiated coverage on shares of Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Stifel Nicolaus lifted their price target on Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays started coverage on Celestica in a research note on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price objective for the company. TD Cowen lifted their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, TD Securities increased their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $74.18.

Celestica Price Performance

NYSE CLS opened at $92.11 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $10.72 billion, a PE ratio of 29.24 and a beta of 2.27. Celestica Inc. has a 52 week low of $26.62 and a 52 week high of $100.51. The firm’s 50-day simple moving average is $78.39 and its two-hundred day simple moving average is $61.71.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company posted $0.65 EPS. Celestica’s revenue was up 24.8% compared to the same quarter last year. Research analysts predict that Celestica Inc. will post 3.44 earnings per share for the current year.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.