Celanese Corporation (CE) : Albion Financial Group Ut reduced its stake in Celanese Corporation by 1.41% during the most recent quarter end. The investment management company now holds a total of 7,000 shares of Celanese Corporation which is valued at $505,960 after selling 100 shares in Celanese Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Celanese Corporation makes up approximately 0.08% of Albion Financial Group Ut’s portfolio.
Celanese Corporation opened for trading at $70.91 and hit $71.87 on the upside on Wednesday, eventually ending the session at $71.5, with a gain of 0.14% or 0.1 points. The heightened volatility saw the trading volume jump to 8,91,563 shares. Company has a market cap of $10,542 M.
Other Hedge Funds, Including , Advisory Services Network added CE to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $3,614.Centurylink Investment Management Co boosted its stake in CE in the latest quarter, The investment management firm added 7,185 additional shares and now holds a total of 22,857 shares of Celanese Corporation which is valued at $1,652,104. Celanese Corporation makes up approx 0.59% of Centurylink Investment Management Co’s portfolio. Quotient Investors added CE to its portfolio by purchasing 16,449 company shares during the most recent quarter which is valued at $1,140,080. Celanese Corporation makes up approx 0.41% of Quotient Investors’s portfolio.Denali Advisors reduced its stake in CE by selling 56,600 shares or 96.92% in the most recent quarter. The Hedge Fund company now holds 1,800 shares of CE which is valued at $124,758. Celanese Corporation makes up approx 0.03% of Denali Advisors’s portfolio.
On the company’s financial health, Celanese Corporation reported $1.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.34 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $1.49. The company had revenue of $1404.00 million for the quarter, compared to analysts expectations of $1394.73 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.72 EPS.
Many Wall Street Analysts have commented on Celanese Corporation. Company shares were Downgraded by Alembic Global Advisors on Apr 25, 2016 to ” Underweight”, Firm has raised the Price Target to $ 64 from a previous price target of $60 .Company shares were Reiterated by RBC Capital Mkts on Apr 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 77 from a previous price target of $72 .Shares were Reiterated by Cowen on Jan 29, 2016 to “Market Perform” and Lowered the Price Target to $ 66 from a previous price target of $72 .
Celanese Corporation is a technology and specialty materials company. The Company’s business involves processing chemical raw materials such as methanol carbon monoxide and ethylene and natural products including wood pulp into chemicals thermoplastic polymers and other chemical-based products. It has four business segments: Advanced Engineered Materials Consumer Specialties Industrial Specialties and Acetyl Intermediates. The Advanced Engineering segment products include polyoxymethylene ultra-high molecular weight polyethylene polybutylene terephthalate and liquid crystal polymers among others. Consumer Specialties’ products include acetate tow acetate flakes acetate film and high intensity sweeteners among others. Industrial Specialties’ products include conventional emulsions vinyl acetate ethylene emulsions and ethylene vinyl acetate among others. Acetyl Intermediates include acetic acid vinyl acetate monomer acetic anhydride and acetaldehyde among others.