Core Alternative Capital Reduces Stock Holdings in Celanese Co. (NYSE:CE)

Core Alternative Capital lowered its stake in shares of Celanese Co. (NYSE:CE) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,415 shares of the basic materials company’s stock after selling 159 shares during the quarter. Core Alternative Capital’s holdings in Celanese were worth $236,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. DT Investment Partners LLC lifted its stake in shares of Celanese by 128.8% during the third quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock worth $25,000 after buying an additional 103 shares during the period. UMB Bank n.a. increased its holdings in Celanese by 103.7% in the 4th quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock worth $26,000 after buying an additional 194 shares during the period. CKW Financial Group lifted its stake in Celanese by 52.9% during the 4th quarter. CKW Financial Group now owns 535 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 185 shares during the period. CENTRAL TRUST Co increased its stake in shares of Celanese by 43.2% in the fourth quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 202 shares during the period. Finally, Mather Group LLC. lifted its position in Celanese by 124.0% during the third quarter. Mather Group LLC. now owns 401 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 222 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Celanese Trading Down 1.6 %

Shares of Celanese stock opened at $66.98 on Tuesday. Celanese Co. has a 1-year low of $64.05 and a 1-year 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. The stock has a market cap of $7.32 billion, a P/E ratio of 6.74, a P/E/G ratio of 1.37 and a beta of 1.17. The stock’s 50 day simple moving average is $69.58 and its 200-day simple moving average is $101.27.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jefferies Financial Group reduced their price objective on Celanese from $102.00 to $82.00 in a research note on Thursday, December 5th. BMO Capital Markets lowered shares of Celanese from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $138.00 to $76.00 in a research report on Monday, November 11th. Barclays dropped their target price on Celanese from $88.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company lowered Celanese from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $165.00 to $115.00 in a report on Tuesday, November 5th. Finally, Bank of America raised shares of Celanese from an “underperform” rating to a “buy” rating and dropped their price target for the company from $95.00 to $88.00 in a research note on Tuesday, January 14th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.06.

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.