Celestica, Inc. $CLS Shares Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP grew its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,557 shares of the technology company’s stock after purchasing an additional 7,675 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Celestica were worth $15,698,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after purchasing an additional 83 shares during the period. ST Germain D J Co. Inc. purchased a new stake in Celestica in the second quarter valued at approximately $37,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Celestica in the second quarter valued at approximately $40,000. First Horizon Advisors Inc. boosted its holdings in shares of Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after acquiring an additional 87 shares during the period. Finally, Wolff Wiese Magana LLC grew its position in shares of Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after acquiring an additional 114 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Price Performance

Shares of CLS opened at $306.71 on Monday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $306.74 and its two-hundred day moving average is $227.83. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The firm has a market capitalization of $35.27 billion, a PE ratio of 49.79 and a beta of 1.83.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the business posted $1.04 EPS. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Research analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen reiterated a “hold” rating and issued a $238.00 price target on shares of Celestica in a research report on Friday, October 3rd. CIBC lifted their price objective on shares of Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. TD Securities upped their target price on shares of Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. BNP Paribas reissued an “outperform” rating and set a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. Finally, BMO Capital Markets set a $370.00 price target on Celestica and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.13.

Insider Buying and Selling

In related news, Director Laurette T. Koellner bought 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the transaction, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.52% of the company’s stock.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.