AlphaMark Advisors LLC Sells 215 Shares of Celanese Co. (NYSE:CE)

AlphaMark Advisors LLC lowered its stake in shares of Celanese Co. (NYSE:CE) by 4.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,506 shares of the basic materials company’s stock after selling 215 shares during the quarter. AlphaMark Advisors LLC’s holdings in Celanese were worth $312,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC raised its holdings in shares of Celanese by 81.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,190 shares of the basic materials company’s stock valued at $82,000 after purchasing an additional 534 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Celanese by 23.1% during the 4th quarter. SG Americas Securities LLC now owns 6,146 shares of the basic materials company’s stock worth $425,000 after purchasing an additional 1,152 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Celanese by 103.7% in the 4th quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock valued at $26,000 after buying an additional 194 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of Celanese by 35.0% in the fourth quarter. HB Wealth Management LLC now owns 3,041 shares of the basic materials company’s stock valued at $210,000 after buying an additional 789 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in Celanese by 51.1% during the fourth quarter. Brooklyn Investment Group now owns 1,129 shares of the basic materials company’s stock worth $78,000 after buying an additional 382 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on CE. Vertical Research downgraded Celanese from a “hold” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Tuesday, October 29th. Barclays reduced their target price on shares of Celanese from $101.00 to $88.00 and set an “equal weight” rating for the company in a report on Tuesday, November 19th. Piper Sandler cut their price objective on shares of Celanese from $98.00 to $77.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Celanese from a “hold” rating to a “buy” rating and reduced their price target for the company from $135.00 to $110.00 in a research note on Wednesday, November 6th. Finally, UBS Group cut Celanese from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $161.00 to $97.00 in a research report on Monday, November 11th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Celanese currently has an average rating of “Hold” and a consensus target price of $102.82.

Celanese Stock Performance

Shares of Celanese stock opened at $74.17 on Friday. The firm has a market capitalization of $8.11 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.46 and a beta of 1.18. Celanese Co. has a fifty-two week low of $64.05 and a fifty-two week high of $172.16. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 0.76. The company’s 50 day moving average price is $70.30 and its two-hundred day moving average price is $106.94.

Celanese (NYSE:CE) last released its quarterly earnings results on Monday, November 4th. The basic materials company reported $2.44 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.41). Celanese had a return on equity of 13.17% and a net margin of 10.40%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm posted $2.50 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts forecast that Celanese Co. will post 8.11 earnings per share for the current fiscal year.

Celanese Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. 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.