Celanese Co. (NYSE:CE) Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its position in Celanese Co. (NYSE:CE) by 42.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,756 shares of the basic materials company’s stock after buying an additional 5,550 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Celanese were worth $1,276,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. OLD National Bancorp IN raised its position in shares of Celanese by 112.3% during the fourth quarter. OLD National Bancorp IN now owns 3,390 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 1,793 shares during the period. New England Research & Management Inc. acquired a new stake in shares of Celanese during the fourth quarter worth $768,000. Forsta AP Fonden raised its position in shares of Celanese by 76.5% during the fourth quarter. Forsta AP Fonden now owns 38,300 shares of the basic materials company’s stock worth $2,651,000 after purchasing an additional 16,600 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Celanese by 55.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,516 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 1,248 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Celanese during the fourth quarter worth $91,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Trading Down 1.6 %

Celanese stock opened at $70.99 on Monday. The business has a 50 day moving average price of $70.15 and a two-hundred day moving average price of $104.22. 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 stock has a market cap of $7.76 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18. Celanese Co. has a 12 month low of $64.05 and a 12 month high of $172.16.

Celanese (NYSE:CE) last posted its quarterly 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). The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.70 billion. Celanese had a net margin of 10.40% and a return on equity of 13.17%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned $2.50 EPS. As a group, equities analysts forecast that Celanese Co. will post 8.11 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on CE shares. Jefferies Financial Group dropped their price target on Celanese from $102.00 to $82.00 in a research report on Thursday, December 5th. Robert W. Baird dropped 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. Citigroup dropped their price target on Celanese from $100.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Mizuho dropped their price target on Celanese from $120.00 to $86.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lowered Celanese from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $165.00 to $115.00 in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Celanese has a consensus rating of “Hold” and an average price target of $102.82.

Celanese Company 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.