Czech National Bank Has $1.64 Million Stock Holdings in Celanese Co. (NYSE:CE)

Czech National Bank grew its position in Celanese Co. (NYSE:CE) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,706 shares of the basic materials company’s stock after purchasing an additional 1,448 shares during the quarter. Czech National Bank’s holdings in Celanese were worth $1,641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DT Investment Partners LLC raised its holdings in Celanese by 128.8% in the 3rd quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 103 shares during the period. Fairscale Capital LLC bought a new position in shares of Celanese in the second quarter worth about $28,000. Mather Group LLC. lifted its position in shares of Celanese by 124.0% during the 3rd quarter. Mather Group LLC. now owns 401 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 222 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake 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. Finally, Exchange Traded Concepts LLC acquired a new stake in Celanese in the 3rd quarter valued at approximately $89,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CE. Royal Bank of Canada reduced their price objective on Celanese from $122.00 to $88.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. UBS Group downgraded shares of Celanese from a “buy” rating to a “neutral” rating and reduced their price target for the company from $161.00 to $97.00 in a report on Monday, November 11th. Piper Sandler decreased their price target on shares of Celanese from $98.00 to $77.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Vertical Research lowered shares of Celanese from a “hold” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft raised Celanese from a “hold” rating to a “buy” rating and decreased their target price for the stock from $135.00 to $110.00 in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $106.00.

Celanese Trading Up 1.3 %

Shares of CE opened at $71.94 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 1.47. The stock has a market cap of $7.86 billion, a PE ratio of 7.24, a PEG ratio of 0.62 and a beta of 1.18. Celanese Co. has a 1 year low of $64.05 and a 1 year high of $172.16. The stock has a 50 day simple moving average of $70.71 and a 200-day simple moving average of $109.60.

Celanese (NYSE:CE) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.41). Celanese had a net margin of 10.40% and a return on equity of 13.17%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business posted $2.50 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Celanese Co. will post 8.13 EPS for the current fiscal year.

About Celanese

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.