Tidal Investments LLC Has $415,000 Stock Position in Celanese Co. (NYSE:CE)

Tidal Investments LLC reduced its position in Celanese Co. (NYSE:CE) by 67.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,054 shares of the basic materials company’s stock after selling 6,392 shares during the quarter. Tidal Investments LLC’s holdings in Celanese were worth $415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CE. DT Investment Partners LLC lifted its stake in shares of Celanese by 128.8% in the 3rd quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. Fairscale Capital LLC bought a new position in Celanese during the second quarter valued at about $28,000. Key Financial Inc lifted its position in shares of Celanese by 3,933.3% in the second quarter. Key Financial Inc now owns 242 shares of the basic materials company’s stock worth $33,000 after buying an additional 236 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Celanese during the 2nd quarter worth about $40,000. Finally, Mather Group LLC. increased its holdings in shares of Celanese by 124.0% during the 3rd quarter. Mather Group LLC. now owns 401 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 222 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CE has been the subject of several analyst reports. Barclays reduced their target price on Celanese from $101.00 to $88.00 and set an “equal weight” rating for the company in a report on Tuesday, November 19th. Jefferies Financial Group decreased their price objective on shares of Celanese from $102.00 to $82.00 in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Celanese from a “hold” rating to a “buy” rating and cut their target price for the stock from $135.00 to $110.00 in a research report on Wednesday, November 6th. Robert W. Baird lowered their price target on Celanese from $150.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Vertical Research cut Celanese from a “hold” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Tuesday, October 29th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Celanese presently has an average rating of “Hold” and an average price target of $110.50.

Celanese Stock Performance

NYSE:CE opened at $69.20 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. The firm has a 50-day moving average price of $90.70 and a 200 day moving average price of $118.31. The firm has a market capitalization of $7.56 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.72 and a beta of 1.18. Celanese Co. has a 12-month low of $66.73 and a 12-month high of $172.16.

Celanese (NYSE:CE) last posted its earnings results on Monday, November 4th. The basic materials company reported $2.44 EPS 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 company 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 business earned $2.50 EPS. Celanese’s quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts anticipate that Celanese Co. will post 8.38 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Wednesday, October 30th. Celanese’s dividend payout ratio (DPR) is currently 28.17%.

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.