James Investment Research Inc buys $62,776,042 stake in Celanese Corporation (CE)

Celanese Corporation (CE) : James Investment Research Inc scooped up 26,837 additional shares in Celanese Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 888,047 shares of Celanese Corporation which is valued at $62,776,042.Celanese Corporation makes up approximately 1.55% of James Investment Research Inc’s portfolio.

Other Hedge Funds, Including , Fruth Investment Management reduced its stake in CE by selling 350 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 15,650 shares of CE which is valued at $1,080,789. Celanese Corporation makes up approx 0.51% of Fruth Investment Management’s portfolio. Alpha Windward sold out all of its stake in CE during the most recent quarter. The investment firm sold 451 shares of CE which is valued $30,280. Centurylink Investment Management Co sold out all of its stake in CE during the most recent quarter. The investment firm sold 22,857 shares of CE which is valued $1,534,619.

Celanese Corporation opened for trading at $70.24 and hit $70.76 on the upside on Monday, eventually ending the session at $70.69, with a gain of 0.17% or 0.12 points. The heightened volatility saw the trading volume jump to 6,02,346 shares. Company has a market cap of $10,423 M.

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. Celanese Corporation was Initiated by Susquehanna to “Positive” on Jul 1, 2016. Company shares were Upgraded by Cowen on Apr 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $66 .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 .

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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