Crossmark Global Holdings Inc. Has $310,000 Position in Celanese Co. (NYSE:CE)

Crossmark Global Holdings Inc. reduced its stake in shares of Celanese Co. (NYSE:CE) by 41.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,476 shares of the basic materials company’s stock after selling 3,105 shares during the period. Crossmark Global Holdings Inc.’s holdings in Celanese were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP increased its position in Celanese by 27.4% in the 3rd quarter. Wellington Management Group LLP now owns 9,460,353 shares of the basic materials company’s stock worth $1,286,230,000 after purchasing an additional 2,036,362 shares during the last quarter. State Street Corp lifted its holdings in shares of Celanese by 3.1% during the 3rd quarter. State Street Corp now owns 4,500,813 shares of the basic materials company’s stock valued at $611,931,000 after buying an additional 136,994 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Celanese by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,606,172 shares of the basic materials company’s stock valued at $353,145,000 after buying an additional 177,552 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Celanese by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 990,901 shares of the basic materials company’s stock worth $134,723,000 after buying an additional 69,606 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Celanese by 608.2% during the third quarter. Thrivent Financial for Lutherans now owns 689,570 shares of the basic materials company’s stock valued at $93,754,000 after acquiring an additional 592,196 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Trading Up 0.6 %

Shares of CE stock opened at $74.17 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $8.11 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.46 and a beta of 1.18. Celanese Co. has a twelve month low of $64.05 and a twelve month high of $172.16. The stock’s fifty day simple moving average is $70.30 and its 200 day simple moving average is $106.74.

Celanese (NYSE:CE) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.41). Celanese had a net margin of 10.40% and a return on equity of 13.17%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the company earned $2.50 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Celanese Co. will post 8.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CE. Royal Bank of Canada decreased their price objective on shares of Celanese from $122.00 to $88.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. KeyCorp cut Celanese from an “overweight” rating to a “sector weight” rating in a research report on Monday, October 7th. Robert W. Baird lowered their price objective on Celanese from $150.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Mizuho reduced their target price on Celanese from $120.00 to $86.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Finally, Wells Fargo & Company cut Celanese from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $165.00 to $115.00 in a research report on Tuesday, November 5th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $102.82.

Celanese Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.