Twelve Points Wealth Management LLC Raises Stock Holdings in Celanese Co. (NYSE:CE)

Twelve Points Wealth Management LLC increased its position in Celanese Co. (NYSE:CE) by 157.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,124 shares of the basic materials company’s stock after buying an additional 6,197 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Celanese were worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. DT Investment Partners LLC increased its stake in shares of Celanese by 128.8% in the third quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock worth $25,000 after buying an additional 103 shares during the period. UMB Bank n.a. increased its stake in shares of Celanese by 103.7% in the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock worth $26,000 after buying an additional 194 shares during the period. Mather Group LLC. increased its stake in shares of Celanese by 124.0% in the third quarter. Mather Group LLC. now owns 401 shares of the basic materials company’s stock worth $55,000 after buying an additional 222 shares during the period. CKW Financial Group increased its position in Celanese by 52.9% during the 4th quarter. CKW Financial Group now owns 535 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 185 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Celanese by 1,395.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 643 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 600 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CE. UBS Group downgraded shares of Celanese from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $161.00 to $97.00 in a research report on Monday, November 11th. Morgan Stanley reduced their price objective on shares of Celanese from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Jefferies Financial Group reduced their price objective on shares of Celanese from $102.00 to $82.00 in a research report on Thursday, December 5th. KeyCorp downgraded shares of Celanese from an “overweight” rating to a “sector weight” rating in a research report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Celanese from a “hold” rating to a “buy” rating and reduced their target price for the stock from $135.00 to $110.00 in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $102.82.

Celanese Trading Down 3.1 %

Celanese stock opened at $71.83 on Wednesday. The stock has a market cap of $7.85 billion, a P/E ratio of 7.23, a PEG ratio of 1.46 and a beta of 1.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 0.76. Celanese Co. has a 1 year low of $64.05 and a 1 year high of $172.16. The firm’s 50 day moving average price is $70.32 and its 200-day moving average price is $105.79.

Celanese (NYSE:CE) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.41). The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.70 billion. Celanese had a net margin of 10.40% and a return on equity of 13.17%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.50 EPS. On average, equities analysts predict that Celanese Co. will post 8.11 earnings per share for the current fiscal year.

Celanese 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.