Celanese Corporation $CE Shares Bought by Bryce Point Capital LLC

Bryce Point Capital LLC boosted its stake in shares of Celanese Corporation (NYSE:CE) by 11.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,758 shares of the basic materials company’s stock after buying an additional 1,466 shares during the period. Bryce Point Capital LLC’s holdings in Celanese were worth $817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Versor Investments LP boosted its stake in Celanese by 372.0% during the second quarter. Versor Investments LP now owns 18,158 shares of the basic materials company’s stock worth $1,005,000 after buying an additional 14,311 shares during the last quarter. AMG National Trust Bank acquired a new position in Celanese during the second quarter worth $1,051,000. Creekmur Asset Management LLC boosted its stake in Celanese by 42.7% during the second quarter. Creekmur Asset Management LLC now owns 12,839 shares of the basic materials company’s stock worth $710,000 after buying an additional 3,839 shares during the last quarter. Assetmark Inc. boosted its stake in Celanese by 805.3% during the second quarter. Assetmark Inc. now owns 1,530 shares of the basic materials company’s stock worth $85,000 after buying an additional 1,361 shares during the last quarter. Finally, Mizuho Markets Americas LLC lifted its stake in shares of Celanese by 149.6% in the 2nd quarter. Mizuho Markets Americas LLC now owns 1,248,055 shares of the basic materials company’s stock valued at $69,055,000 after purchasing an additional 747,987 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity at Celanese

In other Celanese news, Director Timothy Go acquired 1,039 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were acquired at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the acquisition, the director owned 4,415 shares in the company, valued at $204,193.75. The trade was a 30.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CE shares. Bank of America decreased their price target on Celanese from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Robert W. Baird cut their price objective on Celanese from $67.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. KeyCorp cut their price target on Celanese from $77.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. Jefferies Financial Group cut their price target on Celanese from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, September 8th. Finally, Wells Fargo & Company cut their price target on Celanese from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, September 30th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Celanese has an average rating of “Hold” and an average target price of $56.11.

Celanese Trading Down 3.7%

CE opened at $37.03 on Tuesday. Celanese Corporation has a one year low of $36.29 and a one year high of $126.36. The company has a market cap of $4.05 billion, a P/E ratio of -2.50, a PEG ratio of 1.86 and a beta of 1.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. The business’s 50-day simple moving average is $43.19 and its 200-day simple moving average is $49.09.

Celanese (NYSE:CE) last released its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.06. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business posted $2.38 EPS. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, equities research analysts expect that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Tuesday, October 28th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, October 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese’s dividend payout ratio is presently -0.81%.

About Celanese

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.