Calamos Advisors LLC Sells 13,944 Shares of Celestica, Inc. $CLS

Calamos Advisors LLC lowered its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 41.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,789 shares of the technology company’s stock after selling 13,944 shares during the quarter. Calamos Advisors LLC’s holdings in Celestica were worth $5,850,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Allianz Asset Management GmbH increased its position in Celestica by 7.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock valued at $83,044,000 after acquiring an additional 22,863 shares in the last quarter. Spark Investment Management LLC raised its stake in shares of Celestica by 17.4% in the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock worth $6,643,000 after acquiring an additional 4,000 shares during the last quarter. Light Street Capital Management LLC acquired a new position in shares of Celestica during the second quarter worth approximately $26,422,000. William Blair Investment Management LLC acquired a new position in shares of Celestica during the third quarter worth approximately $28,924,000. Finally, Plato Investment Management Ltd grew its stake in shares of Celestica by 154.5% during the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after purchasing an additional 9,135 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 5.0%

Shares of NYSE CLS opened at $301.23 on Wednesday. The company’s 50 day simple moving average is $289.18 and its 200 day simple moving average is $291.19. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40. The firm has a market capitalization of $34.65 billion, a P/E ratio of 41.95 and a beta of 1.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.44 and a quick ratio of 0.88.

Insider Buying and Selling at Celestica

In other Celestica news, President Todd C. Cooper sold 1,065 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $301,938.15. Following the completion of the sale, the president owned 108,970 shares in the company, valued at approximately $30,894,084.70. The trade was a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Jason Phillips sold 100,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the transaction, the president directly owned 12,584 shares in the company, valued at approximately $3,887,449.28. This trade represents a 88.82% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 297,923 shares of company stock worth $88,027,459. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the subject of a number of research reports. Bank of America initiated coverage on shares of Celestica in a report on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price target for the company. TD Cowen reiterated a “hold” rating on shares of Celestica in a research report on Friday, January 30th. Barclays lifted their target price on Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Canadian Imperial Bank of Commerce dropped their target price on Celestica from $400.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, March 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $400.00 price target on shares of Celestica in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $354.24.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.