SG Americas Securities LLC Has $575,000 Holdings in Celanese Co. (NYSE:CE)

SG Americas Securities LLC lessened its holdings in Celanese Co. (NYSE:CEGet Rating) by 45.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,022 shares of the basic materials company’s stock after selling 3,362 shares during the quarter. SG Americas Securities LLC’s holdings in Celanese were worth $575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV lifted its position in Celanese by 355.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 205 shares of the basic materials company’s stock worth $34,000 after buying an additional 160 shares in the last quarter. Cassady Schiller Wealth Management LLC acquired a new position in Celanese during the 4th quarter worth about $42,000. Covestor Ltd acquired a new position in Celanese during the 4th quarter valued at about $47,000. UMB Bank N A MO acquired a new position in Celanese during the 4th quarter valued at about $48,000. Finally, CKW Financial Group lifted its position in Celanese by 40.0% during the 1st quarter. CKW Financial Group now owns 350 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 100 shares during the period. Institutional investors own 93.81% of the company’s stock.

Celanese Trading Down 0.7 %

Shares of Celanese stock opened at $110.62 on Thursday. The business has a fifty day simple moving average of $127.16 and a two-hundred day simple moving average of $140.68. Celanese Co. has a 1 year low of $104.74 and a 1 year high of $176.50. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 6.17 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.72 and a quick ratio of 1.06.

Celanese (NYSE:CEGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The basic materials company reported $4.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.43. Celanese had a return on equity of 46.75% and a net margin of 20.55%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the firm posted $5.02 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Research analysts forecast that Celanese Co. will post 17.62 EPS for the current year.

Celanese Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 8th. Shareholders of record on Monday, July 25th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Friday, July 22nd. Celanese’s dividend payout ratio is 15.16%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CE. Citigroup downgraded shares of Celanese from a “buy” rating to a “neutral” rating and cut their price target for the company from $143.00 to $118.00 in a research report on Monday. Credit Suisse Group began coverage on shares of Celanese in a research report on Monday, June 27th. They issued an “underperform” rating and a $105.00 price target on the stock. StockNews.com downgraded shares of Celanese from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Jefferies Financial Group downgraded shares of Celanese from a “buy” rating to a “hold” rating in a research report on Thursday, June 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Celanese from $175.00 to $140.00 and set a “maintains” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $161.80.

Celanese Profile

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Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through three segments: Engineered Materials, Acetate Tow, 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.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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