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Headlines
- Mutual Advisors LLC decreased its investment in Celestica by 29.7% during Q4.
- Numerous investment firms have been actively buying and selling Celestica shares.
- Celestica's current market trends are underlined by varied ratings from experts
Investment Activities in Celestica Inc.
During the fourth quarter, Mutual Advisors LLC trimmed its holdings in Celestica Inc. (NYSE:CLS) by 29.7%, reducing its shares by 1,173 to 2,777. The resulting value of these holdings at the quarter's close was $256,000 as per the filing with the Securities and Exchange Commission.
Several other hedge funds have also been actively engaging with Celestica shares. For instance, Optimum Investment Advisors significantly increased its position in the company by 66.7% in the third quarter, raising its holdings to 500 shares. Additional examples include Financial Management Professionals Inc. acquiring a new stake valued at $30,000, UMB Bank n.a. initiating a new position worth approximately $34,000, Private Trust Co. NA expanding its stake by 480% to 870 shares, and Global Trust Asset Management LLC entering the fray with a new stake valued at about $51,000. Notably, institutional investors and hedge funds collectively own a substantial 67.38% of Celestica's stock.
Insider Transactions
In a recent highlight of insider transactions, Director Michael Wilson conducted a significant sale of 25,000 shares, valued at $2,468,250, at an average price of $98.73 on January 6th. Post-sale, his direct ownership decreased to 1,784 shares, valued at $176,134.32. This transaction, reflecting a 93.34% decrease in his ownership, was registered with the Securities & Exchange Commission.
Celestica's Market Performance
As of the latest trading period, Celestica shares opened at $94.39, accompanied by strong technical indicators such as a fifty-day moving average of $97.08 and a two-hundred-day moving average of $71.25. The company's financial health is evident with a debt-to-equity ratio of 0.49, a quick ratio of 0.87, and a current ratio of 1.47. The firm commands a market capitalization of $10.98 billion, with a price-to-earnings ratio of 29.96 and a beta of 2.25, demonstrating its volatility and growth potential. Celestica's stock has seen significant fluctuations, with a 52-week low of $31.82 and a high of $131.23.
About Celestica Inc.
Celestica Inc. specializes in offering comprehensive supply chain solutions across North America, Europe, and Asia. The company operates through two main segments: Advanced Technology Solutions and Connectivity & Cloud Solutions. Its wide array of services includes design and development, product manufacturing, engineering services, and logistics. Celestica's innovative approach ensures end-to-end solutions for clients in diverse technological fields.
