Choreo LLC Has $846,000 Stock Position in Celanese Co. (NYSE:CE)

Choreo LLC grew its stake in Celanese Co. (NYSE:CE) by 28.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,335 shares of the basic materials company’s stock after buying an additional 2,733 shares during the quarter. Choreo LLC’s holdings in Celanese were worth $846,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. DT Investment Partners LLC raised its position in Celanese by 128.8% in the 3rd quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Celanese by 103.7% during the 4th quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 194 shares in the last quarter. Mather Group LLC. raised its holdings 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 valued at $55,000 after purchasing an additional 222 shares during the last quarter. CKW Financial Group lifted its position in shares of Celanese by 52.9% in the fourth quarter. CKW Financial Group now owns 535 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 185 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Celanese by 1,395.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 643 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Stock Down 1.2 %

Shares of CE opened at $68.06 on Monday. The firm has a market cap of $7.44 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.76 and a current ratio of 1.37. Celanese Co. has a 52 week low of $64.05 and a 52 week high of $172.16. The firm’s 50-day simple moving average is $69.73 and its 200 day simple moving average is $101.76.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Celanese from a “hold” rating to a “buy” rating and lowered their price target for the company from $135.00 to $110.00 in a research note on Wednesday, November 6th. Vertical Research lowered Celanese from a “hold” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Tuesday, October 29th. Bank of America upgraded Celanese from an “underperform” rating to a “buy” rating and decreased their price target for the company from $95.00 to $88.00 in a research note on Tuesday, January 14th. Mizuho dropped their price objective on Celanese from $120.00 to $86.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Finally, Morgan Stanley decreased their target price on shares of Celanese from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.06.

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.