Quantitative Investment Management LLC reduced its stake in Celanese Co. (NYSE:CE) by 58.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,100 shares of the basic materials company’s stock after selling 64,300 shares during the quarter. Quantitative Investment Management LLC’s holdings in Celanese were worth $4,936,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in CE. Gateway Investment Advisers LLC increased its holdings in Celanese by 27.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 77,739 shares of the basic materials company’s stock worth $8,324,000 after buying an additional 16,668 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Celanese by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 434,546 shares of the basic materials company’s stock worth $45,310,000 after buying an additional 5,242 shares during the period. Macquarie Group Ltd. increased its holdings in Celanese by 10.2% in the 3rd quarter. Macquarie Group Ltd. now owns 157,840 shares of the basic materials company’s stock worth $16,458,000 after buying an additional 14,650 shares during the period. Swiss National Bank increased its holdings in Celanese by 0.5% in the 3rd quarter. Swiss National Bank now owns 516,230 shares of the basic materials company’s stock worth $53,827,000 after buying an additional 2,700 shares during the period. Finally, Caxton Associates LP acquired a new position in Celanese in the 3rd quarter worth approximately $532,000. 95.83% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Christopher W. Jensen sold 3,000 shares of Celanese stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $110.00, for a total value of $330,000.00. Following the sale, the chief financial officer now owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.
Shares of Celanese Co. (NYSE:CE) opened at $107.83 on Wednesday. The company has a market cap of $14,615.27, a P/E ratio of 14.33, a PEG ratio of 1.40 and a beta of 1.29. Celanese Co. has a one year low of $83.34 and a one year high of $114.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.21 and a current ratio of 1.79.
Celanese (NYSE:CE) last released its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.12. Celanese had a net margin of 13.73% and a return on equity of 32.96%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company earned $1.52 EPS. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. research analysts forecast that Celanese Co. will post 8.58 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Tuesday, February 20th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.84 dividend on an annualized basis and a yield of 1.71%. Celanese’s dividend payout ratio is currently 30.16%.
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Celanese Company Profile
Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.
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