Celanese Co. (CE) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. trimmed its stake in Celanese Co. (NYSE:CE) by 72.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,300 shares of the basic materials company’s stock after selling 186,558 shares during the period. Point72 Asset Management L.P. owned 0.05% of Celanese worth $7,539,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. First Trust Advisors LP lifted its position in Celanese by 78.3% during the 2nd quarter. First Trust Advisors LP now owns 201,223 shares of the basic materials company’s stock valued at $19,104,000 after acquiring an additional 88,375 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Celanese by 28.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 20,388 shares of the basic materials company’s stock valued at $1,974,000 after acquiring an additional 4,514 shares during the period. Advisors Asset Management Inc. lifted its position in Celanese by 10.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 18,665 shares of the basic materials company’s stock valued at $1,772,000 after acquiring an additional 1,820 shares during the period. State of Wisconsin Investment Board lifted its position in Celanese by 34.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 102,798 shares of the basic materials company’s stock valued at $9,760,000 after acquiring an additional 26,320 shares during the period. Finally, SG Americas Securities LLC lifted its position in Celanese by 166.7% during the 2nd quarter. SG Americas Securities LLC now owns 10,683 shares of the basic materials company’s stock valued at $1,014,000 after acquiring an additional 6,677 shares during the period. 96.16% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Christopher W. Jensen sold 1,000 shares of Celanese stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $104.68, for a total value of $104,680.00. Following the completion of the sale, the chief financial officer now directly owns 60,086 shares in the company, valued at $6,289,802.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John K. Wulff sold 2,500 shares of Celanese stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total transaction of $264,700.00. Following the completion of the sale, the director now owns 30,175 shares of the company’s stock, valued at $3,194,929. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Celanese from $109.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Jefferies Group restated a “buy” rating and set a $122.00 price objective on shares of Celanese in a research note on Thursday, October 19th. KeyCorp restated a “buy” rating and set a $106.00 price objective on shares of Celanese in a research note on Thursday, August 24th. Citigroup reduced their price objective on shares of Celanese from $122.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 18th. Finally, Nomura raised their price objective on shares of Celanese from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $107.74.

Shares of Celanese Co. (NYSE:CE) opened at $106.54 on Monday. Celanese Co. has a 12 month low of $78.38 and a 12 month high of $109.11. The company has a market cap of $14,450.66, a P/E ratio of 15.11, a PEG ratio of 1.61 and a beta of 1.32. The company has a quick ratio of 1.16, a current ratio of 1.69 and a debt-to-equity ratio of 0.94.

Celanese (NYSE:CE) last announced its quarterly earnings results on Monday, October 16th. The basic materials company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.01. Celanese had a net margin of 13.66% and a return on equity of 31.98%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. research analysts anticipate that Celanese Co. will post 7.37 EPS for the current fiscal year.

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About Celanese

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.

Institutional Ownership by Quarter for Celanese (NYSE:CE)

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