Lighthouse Investment Partners LLC Buys Shares of 9,062 Celestica Inc. (NYSE:CLS)

Lighthouse Investment Partners LLC bought a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,062 shares of the technology company’s stock, valued at approximately $520,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLS. Wolff Wiese Magana LLC raised its stake in Celestica by 32.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after buying an additional 170 shares during the period. Naples Money Management LLC increased its holdings in shares of Celestica by 90.0% in the second quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after acquiring an additional 450 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Celestica during the second quarter worth about $59,000. UMB Bank n.a. acquired a new stake in shares of Celestica during the first quarter worth about $64,000. Finally, Byrne Asset Management LLC lifted its holdings in shares of Celestica by 52.8% during the 2nd quarter. Byrne Asset Management LLC now owns 1,910 shares of the technology company’s stock valued at $109,000 after purchasing an additional 660 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada boosted their price target on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Stifel Nicolaus raised Celestica from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Monday, September 9th. Finally, CIBC upped their price target on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $58.38.

Celestica Stock Performance

Shares of NYSE CLS opened at $51.08 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47. The stock has a 50 day moving average price of $49.64 and a 200 day moving average price of $50.65. The stock has a market capitalization of $6.07 billion, a PE ratio of 19.06 and a beta of 2.29. Celestica Inc. has a 52 week low of $20.87 and a 52 week high of $63.49.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. Analysts predict that Celestica Inc. will post 3.22 earnings per share for the current fiscal year.

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.