Celestica Inc. (NYSE:CLS) Shares Purchased by Seven Eight Capital LP

Seven Eight Capital LP grew its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 186.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,352 shares of the technology company’s stock after acquiring an additional 26,932 shares during the quarter. Seven Eight Capital LP’s holdings in Celestica were worth $1,858,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Celestica by 82.4% during the 3rd quarter. American Century Companies Inc. now owns 374,693 shares of the technology company’s stock worth $9,170,000 after purchasing an additional 169,277 shares during the period. Vanguard Group Inc. raised its holdings in Celestica by 1.3% in the third quarter. Vanguard Group Inc. now owns 3,704,369 shares of the technology company’s stock valued at $90,831,000 after buying an additional 47,619 shares during the period. CoreCap Advisors LLC acquired a new position in Celestica during the fourth quarter valued at approximately $345,000. Raymond James & Associates grew its stake in Celestica by 41.8% during the fourth quarter. Raymond James & Associates now owns 47,757 shares of the technology company’s stock worth $1,398,000 after buying an additional 14,072 shares during the period. Finally, Blue Trust Inc. grew its stake in Celestica by 128.6% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock worth $72,000 after buying an additional 1,384 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Up 1.7 %

CLS stock traded up $0.99 during midday trading on Tuesday, hitting $57.89. 1,487,456 shares of the company’s stock were exchanged, compared to its average volume of 2,235,462. The firm has a 50 day moving average price of $56.39 and a 200-day moving average price of $46.34. Celestica Inc. has a 12-month low of $15.98 and a 12-month high of $63.49. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 21.60 and a beta of 2.31. The company has a current ratio of 1.42, a quick ratio of 0.78 and a debt-to-equity ratio of 0.45.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.10 billion. Celestica had a net margin of 3.86% and a return on equity of 18.25%. On average, analysts anticipate that Celestica Inc. will post 2.87 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CLS shares. CIBC lifted their target price on shares of Celestica from $49.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, May 27th. Fox Advisors began coverage on Celestica in a research note on Wednesday, May 15th. They set an “overweight” rating and a $60.00 price objective on the stock. BMO Capital Markets upped their target price on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, May 24th. Finally, Stifel Nicolaus upped their price target on Celestica from $48.00 to $51.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $48.33.

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.