2,350 Shares in Celestica Inc. (NYSE:CLS) Purchased by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, Holdings Channel reports. The fund bought 2,350 shares of the technology company’s stock, valued at approximately $217,000.

A number of other institutional investors also recently bought and sold shares of CLS. Peregrine Capital Management LLC purchased a new position in Celestica during the fourth quarter worth about $30,000. Private Trust Co. NA raised its stake in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the period. R Squared Ltd purchased a new position in Celestica during the fourth quarter worth about $51,000. IFP Advisors Inc raised its stake in Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after purchasing an additional 368 shares during the period. Finally, UMB Bank n.a. raised its stake in Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after purchasing an additional 288 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Robert Mionis sold 52,588 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $6,707,073.52. Following the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at approximately $67,776,924.18. This trade represents a 9.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the sale, the director now owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock valued at $119,142,019 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CLS shares. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a research note on Friday, January 31st. Stifel Nicolaus lifted their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Barclays boosted their price target on shares of Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Canaccord Genuity Group boosted their price target on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.83.

Celestica Price Performance

Shares of CLS opened at $87.48 on Friday. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The firm’s 50 day moving average price is $111.23 and its 200 day moving average price is $83.51. The company has a market cap of $10.18 billion, a P/E ratio of 23.39 and a beta of 2.21. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

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.