Bay Colony Advisory Group Inc d b a Bay Colony Advisors Purchases Shares of 2,350 Celestica Inc. (NYSE:CLS)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,350 shares of the technology company’s stock, valued at approximately $217,000.

A number of other hedge funds have also bought and sold shares of CLS. Jones Financial Companies Lllp increased its stake in shares of Celestica by 4.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company’s stock worth $188,000 after acquiring an additional 89 shares during the period. UMB Bank n.a. increased its stake in shares of Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after acquiring an additional 288 shares during the period. Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the fourth quarter worth $30,000. Pier Capital LLC increased its stake in shares of Celestica by 0.4% in the third quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock worth $4,757,000 after acquiring an additional 335 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Celestica by 3.2% in the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock worth $551,000 after acquiring an additional 338 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the topic of a number of research reports. TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Canaccord Genuity Group increased their price target on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Royal Bank of Canada increased their price target on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, UBS Group started coverage on shares of Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average target price of $110.83.

Insider Buying and Selling at Celestica

In other Celestica news, President Todd C. Cooper sold 9,538 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the transaction, the president now directly owns 175,426 shares of the company’s stock, valued at $22,373,832.04. This trade represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock valued at $119,142,019 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Celestica Stock Performance

CLS opened at $87.48 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $10.18 billion, a price-to-earnings ratio of 23.39 and a beta of 2.21. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The firm’s fifty day simple moving average is $111.23 and its two-hundred day simple moving average is $83.51.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.