Penn Capital Management Company LLC Sells 70,240 Shares of Celanese Corporation $CE

Penn Capital Management Company LLC decreased its stake in Celanese Corporation (NYSE:CE) by 25.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,758 shares of the basic materials company’s stock after selling 70,240 shares during the period. Penn Capital Management Company LLC’s holdings in Celanese were worth $9,252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its holdings in Celanese by 111.1% in the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 270 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Celanese by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 331 shares during the last quarter. National Bank of Canada FI bought a new position in Celanese during the 3rd quarter worth approximately $34,000. UMB Bank n.a. lifted its position in shares of Celanese by 175.7% in the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 571 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Celanese in the 4th quarter worth approximately $41,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CE has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Citigroup dropped their target price on shares of Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Bank of America cut their price target on shares of Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. BMO Capital Markets decreased their price target on Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. Finally, Mizuho set a $50.00 price objective on Celanese in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.71.

Celanese Price Performance

Shares of NYSE CE opened at $44.95 on Friday. The firm has a market capitalization of $4.93 billion, a P/E ratio of -4.20, a P/E/G ratio of 0.29 and a beta of 0.76. The firm’s 50-day moving average price is $46.00 and its 200-day moving average price is $53.58. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. Celanese Corporation has a 1-year low of $35.13 and a 1-year high of $70.70.

Celanese (NYSE:CE) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the business posted $1.44 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Equities research analysts anticipate that Celanese Corporation will post 5.99 earnings per share for the current fiscal year.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese’s dividend payout ratio (DPR) is -1.12%.

Insider Activity at Celanese

In other news, SVP Mark Christopher Murray acquired 2,153 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the acquisition, the senior vice president directly owned 30,432 shares in the company, valued at $1,385,264.64. The trade was a 7.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.