Celanese Corp (CE) Share Price Declined While James Investment Research INC Decreased Stake

November 14, 2017 - By Stephen Andrade

Investors sentiment increased to 1.06 in 2017 Q2. Its up 0.01, from 1.05 in 2017Q1. It is positive, as 41 investors sold CE shares while 138 reduced holdings. 45 funds opened positions while 145 raised stakes. 131.35 million shares or 2.33% less from 134.48 million shares in 2017Q1 were reported. Moreover, Connable Office Inc has 0.05% invested in Celanese Corporation (NYSE:CE) for 2,318 shares. Adage Capital Prtn Gru Ltd Liability Corp holds 300,000 shares or 0.07% of its portfolio. Pensionfund Dsm Netherlands accumulated 0.47% or 32,000 shares. Tudor Inv Et Al invested in 5,264 shares or 0.02% of the stock. Royal National Bank Of Canada accumulated 91,967 shares or 0% of the stock. Pub Employees Retirement Association Of Colorado holds 27,716 shares or 0.02% of its portfolio. Mitsubishi Ufj Corporation has invested 0.06% of its portfolio in Celanese Corporation (NYSE:CE). Ajo Ltd Partnership, Pennsylvania-based fund reported 432,115 shares. Putnam Invests Ltd Liability owns 76,340 shares or 0.02% of their US portfolio. Marble Harbor Inv Counsel Ltd Company reported 5,900 shares. Hsbc Holdg Public Ltd stated it has 0.02% of its portfolio in Celanese Corporation (NYSE:CE). Lpl Financial Ltd Liability Corp reported 0.01% stake. Oppenheimer Asset holds 0.01% of its portfolio in Celanese Corporation (NYSE:CE) for 2,508 shares. Sumitomo Life Ins Com has 12,408 shares for 0.15% of their portfolio. Legal And General Gru Public Ltd Co stated it has 0.05% of its portfolio in Celanese Corporation (NYSE:CE).

James Investment Research Inc decreased its stake in Celanese Corp (CE) by 8.6% based on its latest 2017Q2 regulatory filing with the SEC. James Investment Research Inc sold 66,304 shares as the company’s stock declined 5.81% while stock markets rallied. The institutional investor held 704,992 shares of the major chemicals company at the end of 2017Q2, valued at $66.93 million, down from 771,296 at the end of the previous reported quarter. James Investment Research Inc who had been investing in Celanese Corp for a number of months, seems to be less bullish one the $14.23B market cap company. The stock decreased 0.87% or $0.92 during the last trading session, reaching $104.89. About 547,453 shares traded. Celanese Corporation (NYSE:CE) has risen 21.48% since November 14, 2016 and is uptrending. It has outperformed by 4.78% the S&P500.

James Investment Research Inc, which manages about $5.64 billion and $3.23B US Long portfolio, upped its stake in Corning Inc (NYSE:GLW) by 287,807 shares to 874,642 shares, valued at $26.28M in 2017Q2, according to the filing. It also increased its holding in Ishares Barclays Intermediate (CIU) by 87,534 shares in the quarter, for a total of 261,313 shares, and has risen its stake in Home Depot Inc (NYSE:HD).

Investors wait Celanese Corporation (NYSE:CE) to report on February, 7. its quarterly earnings Wall Street analysts expect $1.84 earnings per share, up $0.32 or 21.05 % from last year’s $1.52 same quarter earnings. This translates into $249.63M profit for CE giving the stock a 14.25 P/E. This is assuming the current $1.84 EPS is accurate. Celanese Corporation’s Wall Street analysts see -4.66 % negative EPS growth, taking into account the $1.93 EPS reproted in the previous quarter,

More important recent Celanese Corporation (NYSE:CE) news were published by: Businesswire.com which released: “European Distributor Enjoined from Selling Ace-K Produced by Chinese Manufacturer” on November 13, 2017, also Businesswire.com published article titled: “Celanese Takes Top Honor at 2017 SPE Automotive Innovation Awards Competition”, Businesswire.com published: “Celanese Announces Price Increases for Acetyls and Engineered Materials Products” on October 18, 2017. More interesting news about Celanese Corporation (NYSE:CE) was released by: Finance.Yahoo.com and their article: “3 Stocks to Watch on Tuesday: Celanese Corporation (CE), IDEX Corporation (IEX …” with publication date: October 17, 2017.

Celanese Corporation (NYSE:CE) Ratings Coverage

Among 15 analysts covering Celanese (NYSE:CE), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Celanese has $122.0 highest and $64 lowest target. $104.47’s average target is -0.40% below currents $104.89 stock price. Celanese had 60 analyst reports since September 1, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $11500 target in Friday, August 4 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, October 21. Barclays Capital maintained Celanese Corporation (NYSE:CE) rating on Monday, January 25. Barclays Capital has “Overweight” rating and $76 target. The rating was upgraded by Goldman Sachs on Wednesday, November 30 to “Buy”. The stock of Celanese Corporation (NYSE:CE) earned “Neutral” rating by UBS on Monday, November 16. The stock of Celanese Corporation (NYSE:CE) has “Sell” rating given on Monday, July 24 by Alembic. KeyBanc Capital Markets initiated it with “Overweight” rating and $80 target in Friday, October 7 report. The rating was upgraded by Citigroup to “Buy” on Tuesday, January 5. Cowen & Co maintained the stock with “Market Perform” rating in Monday, October 26 report. UBS maintained the stock with “Neutral” rating in Friday, January 22 report.

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