Celanese Co. (NYSE:CE) Shares Sold by AlphaMark Advisors LLC

AlphaMark Advisors LLC reduced its stake in shares of Celanese Co. (NYSE:CE) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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.

Several other institutional investors and hedge funds have also made changes to their positions in CE. State Street Corp lifted its position in Celanese by 3.1% during the 3rd quarter. State Street Corp now owns 4,500,813 shares of the basic materials company’s stock worth $611,931,000 after acquiring an additional 136,994 shares during the period. KBC Group NV increased its holdings in shares of Celanese by 155.5% in the 3rd quarter. KBC Group NV now owns 213,657 shares of the basic materials company’s stock valued at $29,049,000 after purchasing an additional 130,037 shares in the last quarter. Zacks Investment Management lifted its position in shares of Celanese by 6.5% during the 3rd quarter. Zacks Investment Management now owns 160,443 shares of the basic materials company’s stock valued at $21,814,000 after acquiring an additional 9,782 shares during the period. National Pension Service increased its position in shares of Celanese by 21.7% in the third quarter. National Pension Service now owns 233,480 shares of the basic materials company’s stock valued at $31,744,000 after buying an additional 41,598 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Celanese by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 990,901 shares of the basic materials company’s stock worth $134,723,000 after acquiring an additional 69,606 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Stock Performance

CE opened at $74.17 on Friday. The stock’s 50 day simple moving average is $70.30 and its 200-day simple moving average is $106.94. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 1.47. The stock has a market cap of $8.11 billion, a PE ratio of 7.46, a P/E/G ratio of 1.46 and a beta of 1.18. Celanese Co. has a 1 year low of $64.05 and a 1 year high of $172.16.

Celanese (NYSE:CE) last released its quarterly earnings data 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 net margin of 10.40% and a return on equity of 13.17%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the company posted $2.50 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Sell-side analysts forecast that Celanese Co. will post 8.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on CE shares. Vertical Research downgraded shares of Celanese from a “hold” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Tuesday, October 29th. Bank of America upgraded Celanese from an “underperform” rating to a “buy” rating and reduced their target price for the stock from $95.00 to $88.00 in a research report on Tuesday, January 14th. Piper Sandler lowered their price target on Celanese from $98.00 to $77.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Celanese from a “hold” rating to a “buy” rating and cut their price objective for the stock from $135.00 to $110.00 in a report on Wednesday, November 6th. Finally, UBS Group downgraded shares of Celanese from a “buy” rating to a “neutral” rating and lowered their target price for the company from $161.00 to $97.00 in a report on Monday, November 11th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Celanese has a consensus rating of “Hold” and a consensus price target of $102.82.

About Celanese

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.