Sanctuary Advisors LLC Reduces Holdings in Celestica Inc. (NYSE:CLS)

Sanctuary Advisors LLC lowered its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 34.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,836 shares of the technology company’s stock after selling 14,392 shares during the period. Sanctuary Advisors LLC’s holdings in Celestica were worth $2,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CLS. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Celestica in the 3rd quarter worth about $61,210,000. Whale Rock Capital Management LLC increased its position in shares of Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after purchasing an additional 975,163 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after purchasing an additional 301,563 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Celestica by 1,697.3% in the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock worth $11,936,000 after purchasing an additional 220,494 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd increased its position in shares of Celestica by 53.8% in the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock worth $26,799,000 after purchasing an additional 183,300 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert Mionis sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the sale, the chief executive officer now owns 456,417 shares in the company, valued at $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the business’s stock in a transaction that occurred 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 sale, the president now owns 110,426 shares in the company, valued at $14,331,086.28. This represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Celestica Stock Down 4.5 %

NYSE CLS opened at $119.41 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 company’s 50 day simple moving average is $110.78 and its 200 day simple moving average is $80.39. Celestica Inc. has a 12 month low of $38.80 and a 12 month high of $144.27. The company has a market capitalization of $13.89 billion, a P/E ratio of 31.93 and a beta of 2.27.

Analyst Upgrades and Downgrades

CLS has been the subject of several research analyst reports. Canaccord Genuity Group boosted their target price on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. TD Securities lifted their price target on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. started coverage on shares of Celestica in a report on Friday. They issued an “overweight” rating and a $166.00 price target for the company. Finally, UBS Group started coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

About Celestica

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.