Susquehanna Advisors Group Inc. Makes New $13.43 Million Investment in Celestica Inc. (NYSE:CLS)

Susquehanna Advisors Group Inc. purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 145,500 shares of the technology company’s stock, valued at approximately $13,430,000. Susquehanna Advisors Group Inc. owned approximately 0.13% of Celestica as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peregrine Capital Management LLC bought a new stake in shares of Celestica during the fourth quarter valued at about $30,000. Pinpoint Asset Management Ltd grew its stake in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after acquiring an additional 182 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Celestica in the 4th quarter worth approximately $42,000. R Squared Ltd bought a new position in Celestica in the 4th quarter valued at $51,000. Finally, IFP Advisors Inc grew its position in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 368 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Trading Down 4.1 %

NYSE CLS opened at $80.61 on Tuesday. The stock’s fifty day moving average price is $92.71 and its 200-day moving average price is $91.64. 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 $9.35 billion, a P/E ratio of 21.55 and a beta of 2.09. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27.

Insider Activity at Celestica

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the sale, the insider now directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Yann L. Etienvre sold 83,179 shares of Celestica stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $10,171,128.12. Following the completion of the sale, the insider now owns 9,224 shares of the company’s stock, valued at $1,127,910.72. The trade was a 90.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 934,381 shares of company stock valued at $116,673,769. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of Celestica from $166.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Stifel Nicolaus raised their price target on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, CIBC decreased their price objective on Celestica from $150.00 to $120.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.25.

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.