Connor Clark & Lunn Investment Management Ltd. Raises Stake in Celanese Corporation $CE

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Celanese Corporation (NYSE:CE) by 139.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 865,302 shares of the basic materials company’s stock after buying an additional 504,619 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Celanese were worth $47,877,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fox Run Management L.L.C. purchased a new stake in shares of Celanese in the second quarter valued at $460,000. Savant Capital LLC lifted its position in Celanese by 106.9% during the second quarter. Savant Capital LLC now owns 8,928 shares of the basic materials company’s stock worth $494,000 after buying an additional 4,613 shares during the period. Bryce Point Capital LLC boosted its stake in Celanese by 11.0% in the 2nd quarter. Bryce Point Capital LLC now owns 14,758 shares of the basic materials company’s stock worth $817,000 after buying an additional 1,466 shares during the last quarter. Versor Investments LP grew its holdings in Celanese by 372.0% in the 2nd quarter. Versor Investments LP now owns 18,158 shares of the basic materials company’s stock valued at $1,005,000 after buying an additional 14,311 shares during the period. Finally, AMG National Trust Bank acquired a new position in shares of Celanese during the 2nd quarter valued at about $1,051,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Timothy Go purchased 1,039 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was purchased at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the acquisition, the director directly owned 4,415 shares in the company, valued at $204,193.75. The trade was a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.33% of the company’s stock.

Celanese Stock Performance

Shares of CE stock opened at $41.39 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. The company has a market cap of $4.53 billion, a PE ratio of -2.79, a P/E/G ratio of 1.86 and a beta of 1.17. The company’s fifty day simple moving average is $42.45 and its 200-day simple moving average is $48.96. Celanese Corporation has a 52 week low of $35.48 and a 52 week high of $89.24.

Celanese (NYSE:CE) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.51 billion. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 EPS. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. As a group, equities research analysts anticipate that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, October 28th. Celanese’s dividend payout ratio (DPR) is presently -0.42%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Celanese in a research report on Wednesday, October 8th. Mizuho increased their price target on shares of Celanese from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Robert W. Baird lowered their price objective on shares of Celanese from $67.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. Alembic Global Advisors set a $60.00 price objective on Celanese in a report on Monday, August 25th. Finally, KeyCorp reduced their target price on Celanese from $77.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.11.

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.