Celanese Co. (NYSE:CE) Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its position in Celanese Co. (NYSE:CE) by 42.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,756 shares of the basic materials company’s stock after purchasing an additional 5,550 shares during the period. Mediolanum International Funds Ltd’s holdings in Celanese were worth $1,276,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. DT Investment Partners LLC increased its position in Celanese by 128.8% during the 3rd quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in Celanese by 5.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,265 shares of the basic materials company’s stock worth $308,000 after buying an additional 111 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in Celanese by 0.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 21,730 shares of the basic materials company’s stock worth $2,954,000 after buying an additional 145 shares during the last quarter. Neumann Capital Management LLC boosted its stake in Celanese by 5.3% in the 3rd quarter. Neumann Capital Management LLC now owns 3,000 shares of the basic materials company’s stock worth $408,000 after buying an additional 150 shares during the last quarter. Finally, Freedom Investment Management Inc. boosted its stake in Celanese by 3.2% in the 3rd quarter. Freedom Investment Management Inc. now owns 5,259 shares of the basic materials company’s stock worth $715,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Trading Down 1.6 %

NYSE:CE opened at $70.99 on Monday. Celanese Co. has a 12-month low of $64.05 and a 12-month high of $172.16. The firm has a market capitalization of $7.76 billion, a P/E ratio of 7.14, a P/E/G ratio of 1.42 and a beta of 1.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 0.76. The business has a 50 day simple moving average of $70.15 and a 200 day simple moving average of $104.22.

Celanese (NYSE:CE) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.41). Celanese had a net margin of 10.40% and a return on equity of 13.17%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts predict that Celanese Co. will post 8.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on Celanese from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group decreased their price target on Celanese from $102.00 to $82.00 in a research note on Thursday, December 5th. Royal Bank of Canada reduced their price objective on Celanese from $122.00 to $88.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. BMO Capital Markets lowered Celanese from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $138.00 to $76.00 in a research note on Monday, November 11th. Finally, Mizuho reduced their price objective on Celanese from $120.00 to $86.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.82.

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.