Mitchell Capital Management Co. Cuts Stock Holdings in Celestica Inc. (NYSE:CLS)

Mitchell Capital Management Co. trimmed its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 14.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,631 shares of the technology company’s stock after selling 6,874 shares during the period. Mitchell Capital Management Co.’s holdings in Celestica were worth $3,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. Peregrine Capital Management LLC purchased a new stake in Celestica in the 4th quarter worth $30,000. Private Trust Co. NA increased its holdings in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after acquiring an additional 720 shares in the last quarter. R Squared Ltd purchased a new stake in Celestica in the 4th quarter worth $51,000. IFP Advisors Inc increased its holdings in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after acquiring an additional 368 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after acquiring an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays boosted their price target on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Canaccord Genuity Group boosted their price target on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Stifel Nicolaus boosted their price target on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. started coverage on shares of Celestica in a research note on Friday, February 21st. They set an “overweight” rating and a $166.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.83.

Insider Activity

In other news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alok K. Agrawal sold 6,826 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is currently owned by insiders.

Celestica Trading Down 0.9 %

Shares of CLS stock opened at $106.95 on Friday. The company’s 50-day moving average price is $112.09 and its 200-day moving average price is $82.30. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 28.60 and a beta of 2.27. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27.

Celestica Company 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.