Paladin Advisory Group LLC Has $54,000 Holdings in Celanese Co. (NYSE:CE)

Paladin Advisory Group LLC decreased its stake in shares of Celanese Co. (NYSE:CE) by 28.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 778 shares of the basic materials company’s stock after selling 311 shares during the quarter. Paladin Advisory Group LLC’s holdings in Celanese were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. DT Investment Partners LLC boosted its stake in Celanese by 128.8% during the third quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Celanese by 103.7% during the 4th quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 194 shares in the last quarter. Mather Group LLC. grew its stake in shares of Celanese by 124.0% in the 3rd quarter. Mather Group LLC. now owns 401 shares of the basic materials company’s stock valued at $55,000 after buying an additional 222 shares during the period. CKW Financial Group increased its position in Celanese by 52.9% in the 4th quarter. CKW Financial Group now owns 535 shares of the basic materials company’s stock valued at $37,000 after buying an additional 185 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in Celanese by 1,395.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 643 shares of the basic materials company’s stock worth $87,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Stock Performance

Shares of CE stock opened at $71.01 on Wednesday. Celanese Co. has a 52 week low of $64.05 and a 52 week high of $172.16. The firm’s 50-day simple moving average is $70.32 and its two-hundred day simple moving average is $105.79. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of 7.13, a P/E/G ratio of 1.46 and a beta of 1.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.76 and a current ratio of 1.37.

Celanese (NYSE:CE) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 EPS for the quarter, missing the consensus estimate of $2.85 by ($0.41). Celanese had a net margin of 10.40% and a return on equity of 13.17%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company posted $2.50 EPS. Celanese’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities analysts forecast that Celanese Co. will post 8.11 earnings per share for the current year.

Wall Street Analyst Weigh In

CE has been the subject of a number of research reports. Citigroup reduced their price objective on Celanese from $100.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Bank of America upgraded shares of Celanese from an “underperform” rating to a “buy” rating and decreased their price target for the company from $95.00 to $88.00 in a research note on Tuesday, January 14th. Robert W. Baird dropped their price objective on shares of Celanese from $150.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. KeyCorp downgraded shares of Celanese from an “overweight” rating to a “sector weight” rating in a research report on Monday, October 7th. Finally, Wells Fargo & Company cut shares of Celanese from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $165.00 to $115.00 in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $102.82.

Celanese Company Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.