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

Light Street Capital Management LLC lowered its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 portfolio, making the stock its 6th biggest position. Light Street Capital Management LLC owned about 0.21% of Celestica worth $22,713,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CLS. Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. Pinpoint Asset Management Ltd lifted its position in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock worth $32,000 after buying an additional 182 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of Celestica during the 4th quarter worth about $42,000. R Squared Ltd bought a new position in shares of Celestica in the 4th quarter valued at about $51,000. Finally, IFP Advisors Inc increased its position in shares of Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 368 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Down 3.4%

Shares of NYSE CLS opened at $93.03 on Monday. The stock has a market capitalization of $10.79 billion, a P/E ratio of 24.87 and a beta of 1.65. The stock’s fifty day moving average is $85.52 and its 200 day moving average is $94.72. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 23.34% and a net margin of 4.61%. Celestica’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. Sell-side analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. CIBC decreased their price target on Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 15th. Argus cut their price target on shares of Celestica from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Barclays dropped their target price on shares of Celestica from $157.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. TD Securities raised their price objective on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus increased their price target on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.42.

Celestica 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.