Celestica Inc. (NYSE:CLS) Shares Sold by Light Street Capital Management LLC

Light Street Capital Management LLC lessened its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.6% during the fourth quarter, HoldingsChannel reports. The fund owned 246,080 shares of the technology company’s stock after selling 6,595 shares during the quarter. Celestica accounts for about 4.2% of Light Street Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Light Street Capital Management LLC’s holdings in Celestica were worth $22,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the stock. Independent Advisor Alliance boosted its holdings in Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company’s stock worth $2,731,000 after buying an additional 79 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Celestica by 4.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company’s stock valued at $188,000 after purchasing an additional 89 shares during the period. CoreCap Advisors LLC lifted its holdings in Celestica by 5.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company’s stock worth $162,000 after purchasing an additional 90 shares in the last quarter. Pinpoint Asset Management Ltd grew its holdings in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after buying an additional 182 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Celestica by 5.5% during the fourth quarter. NewEdge Advisors LLC now owns 5,400 shares of the technology company’s stock valued at $498,000 after buying an additional 281 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Down 3.4%

CLS opened at $93.03 on Monday. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $85.52 and its 200-day moving average price is $94.72. The company has a market cap of $10.79 billion, a P/E ratio of 24.87 and a beta of 1.65.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.10. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. On average, equities analysts expect that Celestica Inc. will post 4.35 EPS for the current year.

Analyst Ratings Changes

CLS has been the subject of several recent analyst reports. TD Securities boosted their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Stifel Nicolaus boosted their price target on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price objective on Celestica from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th. Barclays reduced their target price on Celestica from $157.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Finally, CIBC dropped their price target on Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.42.

About Celestica

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.