Jump Financial LLC Reduces Stock Position in Celestica Inc. (NYSE:CLS)

Jump Financial LLC decreased its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 89.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,487 shares of the technology company’s stock after selling 235,022 shares during the quarter. Jump Financial LLC’s holdings in Celestica were worth $2,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. State Street Corp acquired a new position in shares of Celestica during the 3rd quarter valued at about $452,000. Barclays PLC boosted its holdings in Celestica by 151.3% in the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company’s stock valued at $2,651,000 after purchasing an additional 31,219 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Celestica by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 109,915 shares of the technology company’s stock valued at $6,236,000 after buying an additional 8,660 shares during the period. Invst LLC grew its stake in shares of Celestica by 24.0% in the 3rd quarter. Invst LLC now owns 10,069 shares of the technology company’s stock valued at $515,000 after buying an additional 1,948 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of Celestica during the 3rd quarter worth approximately $4,003,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Up 4.4 %

CLS opened at $84.12 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 22.49 and a beta of 2.09. The business has a fifty day moving average price of $94.54 and a 200 day moving average price of $90.66. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27.

Insider Transactions at Celestica

In related news, President Todd C. Cooper sold 65,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the transaction, the president now owns 110,426 shares in the company, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert Mionis sold 52,588 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $6,707,073.52. Following the completion of the sale, the chief executive officer now owns 531,417 shares in the company, valued at approximately $67,776,924.18. This represents a 9.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 934,381 shares of company stock valued at $116,673,769. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on CLS shares. Canaccord Genuity Group increased their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Stifel Nicolaus increased their price target on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. CIBC dropped their price target on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research report on Tuesday. Finally, Barclays upped their price objective on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.25.

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.