Karp Capital Management Corp Invests $756,000 in Celestica, Inc. (CLS)
Karp Capital Management Corp bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the first quarter, Holdings Channel reports. The institutional investor bought 52,050 shares of the technology company’s stock, valued at approximately $756,000.
Other institutional investors also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Celestica during the fourth quarter valued at approximately $2,215,000. Alyeska Investment Group L.P. increased its position in Celestica by 7.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 866,344 shares of the technology company’s stock valued at $10,266,000 after buying an additional 63,568 shares during the period. Bogle Investment Management L P DE bought a new position in Celestica during the fourth quarter valued at approximately $1,992,000. Two Sigma Investments LP increased its position in Celestica by 183.2% in the fourth quarter. Two Sigma Investments LP now owns 309,647 shares of the technology company’s stock valued at $3,669,000 after buying an additional 200,317 shares during the period. Finally, Scotia Capital Inc. increased its position in Celestica by 4.3% in the fourth quarter. Scotia Capital Inc. now owns 49,459 shares of the technology company’s stock valued at $584,000 after buying an additional 2,053 shares during the period. 61.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Celestica, Inc. (NYSE:CLS) opened at 13.59 on Friday. The company has a 50-day moving average of $13.91 and a 200 day moving average of $13.41. Celestica, Inc. has a 12 month low of $8.83 and a 12 month high of $14.74. The company has a market cap of $1.94 billion, a PE ratio of 14.61 and a beta of 0.67.
Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Thursday, April 20th. The technology company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. Celestica had a return on equity of 14.14% and a net margin of 2.18%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. On average, analysts anticipate that Celestica, Inc. will post $1.30 earnings per share for the current year.
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Several equities research analysts recently weighed in on the stock. Citigroup Inc. upgraded shares of Celestica from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $11.50 to $15.00 in a research report on Thursday, April 6th. Royal Bank Of Canada restated a “sector perform” rating and issued a $15.00 price target (up previously from $13.00) on shares of Celestica in a research report on Sunday, April 23rd. BMO Capital Markets set a $16.00 price target on shares of Celestica and gave the stock a “hold” rating in a research report on Thursday, April 20th. Scotiabank restated a “sector perform” rating and issued a $15.00 price target on shares of Celestica in a research report on Friday, April 21st. Finally, TD Securities boosted their price target on shares of Celestica from $12.00 to $13.50 and gave the stock a “hold” rating in a research report on Friday, April 21st. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.16.
Celestica Company Profile
Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.
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