Eachwin Capital Lp buys $3,414,629 stake in Celanese Corporation (CE)

Celanese Corporation (CE) : Eachwin Capital Lp scooped up 6,264 additional shares in Celanese Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 43,504 shares of Celanese Corporation which is valued at $3,414,629.Celanese Corporation makes up approximately 3.14% of Eachwin Capital Lp’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al reduced its stake in CE by selling 13,595 shares or 32.07% in the most recent quarter. The Hedge Fund company now holds 28,793 shares of CE which is valued at $2,259,963. Celanese Corporation makes up approx 0.08% of Tudor Investment Corp Et Al’s portfolio.Blackrock Investment Management boosted its stake in CE in the latest quarter, The investment management firm added 1,981 additional shares and now holds a total of 98,358 shares of Celanese Corporation which is valued at $7,204,724. Celanese Corporation makes up approx 0.01% of Blackrock Investment Management’s portfolio.Rhumbline Advisers boosted its stake in CE in the latest quarter, The investment management firm added 6,655 additional shares and now holds a total of 142,640 shares of Celanese Corporation which is valued at $10,448,380. Celanese Corporation makes up approx 0.03% of Rhumbline Advisers’s portfolio.

Celanese Corporation closed down -0.56 points or -0.71% at $78.11 with 6,18,814 shares getting traded on Monday. Post opening the session at $78.46, the shares hit an intraday low of $78.04 and an intraday high of $78.83 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Celanese Corporation reported $1.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $1.61. The company had revenue of $1323.00 million for the quarter, compared to analysts expectations of $1376.51 million. The company’s revenue was down -6.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.50 EPS.

Many Wall Street Analysts have commented on Celanese Corporation. KeyBanc Capital Mkts Initiated Celanese Corporation on Oct 7, 2016 to “Overweight”, Price Target of the shares are set at $80.Celanese Corporation was Downgraded by Citigroup to ” Neutral” on Sep 7, 2016.

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.

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