Calamos Advisors LLC Has $5.85 Million Position in Celestica, Inc. $CLS

Calamos Advisors LLC cut its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 41.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,789 shares of the technology company’s stock after selling 13,944 shares during the period. Calamos Advisors LLC’s holdings in Celestica were worth $5,850,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CLS. Segment Wealth Management LLC grew its holdings in shares of Celestica by 2.8% in the 4th quarter. Segment Wealth Management LLC now owns 10,741 shares of the technology company’s stock valued at $3,175,000 after buying an additional 293 shares during the period. Hoey Investments Inc. raised its stake in Celestica by 14.5% during the 4th quarter. Hoey Investments Inc. now owns 3,950 shares of the technology company’s stock worth $1,168,000 after buying an additional 500 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in Celestica by 23.6% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 3,362 shares of the technology company’s stock worth $994,000 after acquiring an additional 642 shares in the last quarter. Revisor Wealth Management LLC lifted its holdings in Celestica by 84.7% during the fourth quarter. Revisor Wealth Management LLC now owns 1,886 shares of the technology company’s stock worth $553,000 after acquiring an additional 865 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Celestica by 62.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,523 shares of the technology company’s stock valued at $14,048,000 after acquiring an additional 18,280 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Celestica news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares of the company’s stock, valued at $3,887,449.28. This represents a 88.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Todd C. Cooper sold 89,484 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the transaction, the president directly owned 108,970 shares of the company’s stock, valued at $31,323,426.50. This represents a 45.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 297,923 shares of company stock worth $88,027,459. 0.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CLS. Canaccord Genuity Group increased their price target on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Finally, Bank of America assumed coverage on shares of Celestica in a research note on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $354.24.

Celestica Stock Performance

CLS opened at $301.23 on Wednesday. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 41.95 and a beta of 1.88. The business’s 50-day moving average price is $289.18 and its two-hundred day moving average price is $291.19. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.44 and a quick ratio of 0.88.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.