Kazazian Asset Management LLC Invests $888,000 in Celanese Corporation $CE

Kazazian Asset Management LLC acquired a new position in Celanese Corporation (NYSE:CE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,000 shares of the basic materials company’s stock, valued at approximately $888,000. Celanese makes up approximately 0.9% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Celanese by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 259,196 shares of the basic materials company’s stock worth $10,907,000 after purchasing an additional 29,392 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Celanese in the third quarter worth $3,171,000. AMG National Trust Bank increased its stake in shares of Celanese by 270.1% in the third quarter. AMG National Trust Bank now owns 70,322 shares of the basic materials company’s stock worth $2,959,000 after purchasing an additional 51,322 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Celanese by 21.5% in the third quarter. Russell Investments Group Ltd. now owns 1,214,487 shares of the basic materials company’s stock worth $51,104,000 after purchasing an additional 214,632 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its stake in shares of Celanese by 406.9% in the third quarter. Fox Run Management L.L.C. now owns 42,175 shares of the basic materials company’s stock worth $1,775,000 after purchasing an additional 33,854 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CE. Zacks Research raised shares of Celanese from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Robert W. Baird raised their target price on shares of Celanese from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. Wall Street Zen raised shares of Celanese from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Evercore set a $63.00 target price on shares of Celanese in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada raised their target price on shares of Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.81.

Celanese Stock Performance

Shares of NYSE:CE opened at $52.40 on Monday. Celanese Corporation has a 52 week low of $35.13 and a 52 week high of $70.70. The stock has a market capitalization of $5.75 billion, a P/E ratio of -5.23, a PEG ratio of 0.33 and a beta of 0.81. The firm has a fifty day simple moving average of $61.58 and a two-hundred day simple moving average of $51.19. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 2.41.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. On average, analysts expect that Celanese Corporation will post 5.65 earnings per share for the current fiscal year.

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, April 27th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, April 27th. Celanese’s dividend payout ratio (DPR) is -1.20%.

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.