NumerixS Investment Technologies Inc Invests $452,000 in Celanese Co. (NYSE:CE)

NumerixS Investment Technologies Inc acquired a new position in Celanese Co. (NYSE:CE) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,600 shares of the basic materials company’s stock, valued at approximately $452,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Acima Private Wealth LLC bought a new stake in Celanese during the 4th quarter valued at $31,000. Pearl River Capital LLC bought a new position in Celanese in the 4th quarter worth $36,000. Prime Capital Investment Advisors LLC bought a new position in Celanese in the 4th quarter worth $37,000. Investors Research Corp bought a new position in Celanese in the 1st quarter worth $41,000. Finally, Icon Wealth Partners LLC bought a new position in Celanese in the 1st quarter worth $56,000. Hedge funds and other institutional investors own 97.19% of the company’s stock.

In other news, Director John K. Wulff sold 9,175 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $108.32, for a total value of $993,836.00. Following the transaction, the director now owns 19,872 shares in the company, valued at approximately $2,152,535.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

CE has been the subject of several research reports. Zacks Investment Research upgraded shares of Celanese from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Barclays decreased their price objective on shares of Celanese from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Deutsche Bank lowered shares of Celanese from a “buy” rating to a “hold” rating and set a $110.00 price objective for the company. in a report on Sunday, April 14th. Alembic Global Advisors set a $95.00 price objective on shares of Celanese and gave the stock a “sell” rating in a report on Monday, April 22nd. Finally, Nomura upped their price objective on shares of Celanese from $109.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $117.69.

Shares of NYSE:CE traded up $1.66 during midday trading on Friday, reaching $107.80. The company’s stock had a trading volume of 1,609,772 shares, compared to its average volume of 1,118,456. The business has a 50 day moving average of $101.85. The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 1.03 and a beta of 1.38. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.85. Celanese Co. has a 12-month low of $82.91 and a 12-month high of $119.29.

Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, April 22nd. The basic materials company reported $2.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.13. Celanese had a net margin of 16.89% and a return on equity of 39.76%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the firm posted $2.79 EPS. Celanese’s revenue for the quarter was down 8.9% on a year-over-year basis. As a group, analysts predict that Celanese Co. will post 10.3 EPS for the current fiscal year.

About Celanese

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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