21,742 Shares in Celanese Co. (NYSE:CE) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of Celanese Co. (NYSE:CE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 21,742 shares of the basic materials company’s stock, valued at approximately $1,505,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of Celanese by 44.2% during the 4th quarter. Empowered Funds LLC now owns 29,567 shares of the basic materials company’s stock valued at $2,046,000 after acquiring an additional 9,057 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Celanese by 54.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,033 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 714 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its position in Celanese by 11.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 4,349 shares of the basic materials company’s stock worth $301,000 after purchasing an additional 447 shares during the last quarter. Choreo LLC increased its holdings in Celanese by 28.5% in the fourth quarter. Choreo LLC now owns 12,335 shares of the basic materials company’s stock worth $846,000 after buying an additional 2,733 shares during the last quarter. Finally, Tectonic Advisors LLC raised its holdings in shares of Celanese by 38.5% during the 4th quarter. Tectonic Advisors LLC now owns 5,921 shares of the basic materials company’s stock valued at $410,000 after purchasing an additional 1,645 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Celanese Trading Down 1.2 %

CE opened at $68.06 on Monday. The firm has a 50 day simple moving average of $69.73 and a 200 day simple moving average of $101.76. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 0.76. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. Celanese Co. has a fifty-two week low of $64.05 and a fifty-two week high of $172.16.

Wall Street Analysts Forecast Growth

CE has been the topic of a number of recent analyst reports. Vertical Research downgraded Celanese from a “hold” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Tuesday, October 29th. Wells Fargo & Company cut shares of Celanese from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $165.00 to $115.00 in a research note on Tuesday, November 5th. BMO Capital Markets downgraded shares of Celanese from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $138.00 to $76.00 in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upgraded Celanese from a “hold” rating to a “buy” rating and lowered their price objective for the company from $135.00 to $110.00 in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada dropped their target price on shares of Celanese from $122.00 to $88.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $102.06.

Celanese Company 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.