Paladin Advisory Group LLC Has $54,000 Position in Celanese Co. (NYSE:CE)

Paladin Advisory Group LLC trimmed its position in Celanese Co. (NYSE:CE) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 778 shares of the basic materials company’s stock after selling 311 shares during the quarter. Paladin Advisory Group LLC’s holdings in Celanese were worth $54,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CE. Wellington Management Group LLP boosted its stake in shares of Celanese by 27.4% in the third quarter. Wellington Management Group LLP now owns 9,460,353 shares of the basic materials company’s stock valued at $1,286,230,000 after buying an additional 2,036,362 shares during the period. State Street Corp raised its holdings in Celanese by 3.1% in the 3rd quarter. State Street Corp now owns 4,500,813 shares of the basic materials company’s stock valued at $611,931,000 after acquiring an additional 136,994 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Celanese by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,606,172 shares of the basic materials company’s stock valued at $353,145,000 after acquiring an additional 177,552 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Celanese by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,901 shares of the basic materials company’s stock worth $134,723,000 after purchasing an additional 69,606 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Celanese by 608.2% in the third quarter. Thrivent Financial for Lutherans now owns 689,570 shares of the basic materials company’s stock worth $93,754,000 after purchasing an additional 592,196 shares during the period. Institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group cut shares of Celanese from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $161.00 to $97.00 in a research report on Monday, November 11th. Wells Fargo & Company lowered shares of Celanese from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $165.00 to $115.00 in a research report on Tuesday, November 5th. Citigroup decreased their price objective on shares of Celanese from $100.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Vertical Research cut Celanese from a “hold” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Tuesday, October 29th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $102.82.

Celanese Trading Down 1.2 %

CE opened at $71.01 on Wednesday. The company’s 50 day moving average price is $70.32 and its two-hundred day moving average price is $105.79. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 1.46 and a beta of 1.18. Celanese Co. has a fifty-two week low of $64.05 and a fifty-two week high of $172.16. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 0.76.

Celanese (NYSE:CE) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.41). The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.70 billion. Celanese had a return on equity of 13.17% and a net margin of 10.40%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.50 EPS. As a group, research analysts predict that Celanese Co. will post 8.11 earnings per share for the current year.

Celanese Company 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.