Celanese Co. (NYSE:CE) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its stake in shares of Celanese Co. (NYSE:CE) by 9.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,736 shares of the basic materials company’s stock after selling 632 shares during the period. American Century Companies Inc.’s holdings in Celanese were worth $575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in Celanese by 816.3% in the 1st quarter. Meeder Asset Management Inc. now owns 7,908 shares of the basic materials company’s stock valued at $792,000 after buying an additional 7,045 shares during the period. Sheaff Brock Investment Advisors LLC purchased a new stake in Celanese during the first quarter worth about $1,302,000. DekaBank Deutsche Girozentrale increased its stake in Celanese by 99.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 33,722 shares of the basic materials company’s stock worth $3,444,000 after purchasing an additional 16,815 shares during the period. Westpac Banking Corp increased its stake in Celanese by 46.7% during the first quarter. Westpac Banking Corp now owns 73,816 shares of the basic materials company’s stock worth $7,397,000 after purchasing an additional 23,497 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Celanese by 0.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 447,597 shares of the basic materials company’s stock worth $44,854,000 after purchasing an additional 3,398 shares during the period. Institutional investors and hedge funds own 94.11% of the company’s stock.

Celanese traded down $0.57, reaching $115.10, on Thursday, according to Marketbeat.com. The stock had a trading volume of 704,200 shares, compared to its average volume of 830,980. The company has a current ratio of 1.88, a quick ratio of 1.28 and a debt-to-equity ratio of 0.91. Celanese Co. has a 12-month low of $89.09 and a 12-month high of $118.40. The stock has a market cap of $15.90 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.41 and a beta of 1.32.

Celanese (NYSE:CE) last issued its quarterly earnings data on Monday, April 16th. The basic materials company reported $2.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.46. Celanese had a return on equity of 35.22% and a net margin of 15.69%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the business earned $1.81 earnings per share. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. research analysts predict that Celanese Co. will post 9.32 earnings per share for the current year.

A number of brokerages have issued reports on CE. Zacks Investment Research upgraded shares of Celanese from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Wednesday, April 11th. Cowen reiterated an “outperform” rating and set a $125.00 price target (up from $120.00) on shares of Celanese in a research note on Friday, May 4th. ValuEngine downgraded Celanese from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. KeyCorp boosted their price objective on Celanese from $128.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 21st. Finally, UBS Group raised Celanese from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $111.10 to $113.00 in a research report on Wednesday, May 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $114.96.

Celanese Company Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.

Institutional Ownership by Quarter for Celanese (NYSE:CE)

Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Dodgers Getting Big Unexpected Lift from Three Players
Dodgers Getting Big Unexpected Lift from Three Players
What does legal betting mean for the baseball industry?
What does legal betting mean for the baseball industry?
Dodgers Use Nine Pitchers in Nine-Inning Game
Dodgers Use Nine Pitchers in Nine-Inning Game
Max Scherzer Throws Second Career Immaculate Inning
Max Scherzer Throws Second Career Immaculate Inning
Phillies Swept and Jake Arrieta Upset
Phillies Swept and Jake Arrieta Upset


Leave a Reply

 
© 2006-2018 BBNS.