SeaCrest Wealth Management LLC Buys New Holdings in Celestica Inc. (NYSE:CLS)

SeaCrest Wealth Management LLC bought a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,246 shares of the technology company’s stock, valued at approximately $946,000.

A number of other large investors have also modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Celestica in the fourth quarter valued at $184,000. Oliver Luxxe Assets LLC raised its stake in shares of Celestica by 0.7% in the fourth quarter. Oliver Luxxe Assets LLC now owns 89,927 shares of the technology company’s stock valued at $8,298,000 after purchasing an additional 659 shares in the last quarter. Franklin Resources Inc. grew its position in Celestica by 21.1% in the third quarter. Franklin Resources Inc. now owns 276,788 shares of the technology company’s stock valued at $14,149,000 after acquiring an additional 48,251 shares during the period. World Investment Advisors LLC bought a new stake in Celestica in the third quarter valued at $4,003,000. Finally, Sanctuary Advisors LLC grew its position in Celestica by 10.5% in the third quarter. Sanctuary Advisors LLC now owns 41,228 shares of the technology company’s stock valued at $2,108,000 after acquiring an additional 3,902 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Celestica Price Performance

Celestica stock opened at $107.43 on Thursday. The business’s 50-day simple moving average is $92.09 and its 200 day simple moving average is $67.85. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 34.10 and a beta of 2.25. Celestica Inc. has a 12-month low of $26.62 and a 12-month high of $108.25. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

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

Analyst Ratings Changes

A number of brokerages have weighed in on CLS. Stifel Nicolaus upped their price target on Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. TD Cowen upped their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group began coverage on Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target on the stock. Royal Bank of Canada upped their price target on Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Finally, TD Securities upped their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.45.

Celestica Profile

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.