Gmt Capital Corp Position in Celanese Corp Del (CE) Cut as Market Value Declined

Celanese Corporation (NYSE:CE) LogoInvestors sentiment increased to 1.32 in 2018 Q3. Its up 0.31, from 1.01 in 2018Q2. It is positive, as 27 investors sold CE shares while 133 reduced holdings. 65 funds opened positions while 146 raised stakes. 120.88 million shares or 0.39% more from 120.41 million shares in 2018Q2 were reported. The Minnesota-based Walleye Trading Lc has invested 0% in Celanese Corporation (NYSE:CE). 213,946 are owned by Citadel Limited Liability Corp. The Ontario – Canada-based Td Asset Mgmt Incorporated has invested 0.1% in Celanese Corporation (NYSE:CE). Clinton Group owns 3,331 shares. Parallax Volatility Advisers LP owns 0% invested in Celanese Corporation (NYSE:CE) for 559 shares. Fil holds 0.01% or 42,278 shares. Wellington Shields And Com Ltd holds 0.12% in Celanese Corporation (NYSE:CE) or 1,900 shares. Barrett Asset Ltd Liability Corporation invested 0.02% in Celanese Corporation (NYSE:CE). Camarda Advsrs Ltd Company stated it has 4,355 shares or 0.56% of all its holdings. Benjamin F Edwards And Com accumulated 3,112 shares. Westpac Corp holds 0% in Celanese Corporation (NYSE:CE) or 107,734 shares. 12,601 were accumulated by Commonwealth Retail Bank Of Australia. Penobscot Investment Mgmt Com invested in 12,507 shares. Whittier Communication has invested 0.02% in Celanese Corporation (NYSE:CE). Nordea Invest Mngmt reported 518,203 shares.

Gmt Capital Corp decreased its stake in Celanese Corp Del (CE) by 1.86% based on its latest 2018Q3 regulatory filing with the SEC. Gmt Capital Corp sold 76,600 shares as the company’s stock declined 21.51% with the market. The hedge fund held 4.03M shares of the major chemicals company at the end of 2018Q3, valued at $420.60M, down from 4.11 million at the end of the previous reported quarter. Gmt Capital Corp who had been investing in Celanese Corp Del for a number of months, seems to be less bullish one the $12.68B market cap company. The stock increased 0.35% or $0.33 during the last trading session, reaching $94.76. About 1.16 million shares traded. Celanese Corporation (NYSE:CE) has declined 15.23% since January 14, 2018 and is downtrending. It has underperformed by 15.23% the S&P500.

Gmt Capital Corp, which manages about $9.19 billion and $4.99 billion US Long portfolio, upped its stake in Gilead Sciences Inc (NASDAQ:GILD) by 77,700 shares to 578,800 shares, valued at $46.89M in 2018Q3, according to the filing. It also increased its holding in Biogen Inc (NASDAQ:BIIB) by 40,900 shares in the quarter, for a total of 293,100 shares, and has risen its stake in Regenxbio Inc.

Analysts await Celanese Corporation (NYSE:CE) to report earnings on January, 24. They expect $2.43 earnings per share, up 22.73 % or $0.45 from last year’s $1.98 per share. CE’s profit will be $325.03M for 9.75 P/E if the $2.43 EPS becomes a reality. After $2.96 actual earnings per share reported by Celanese Corporation for the previous quarter, Wall Street now forecasts -17.91 % negative EPS growth.

Celanese Corporation (NYSE:CE) Ratings Coverage

Among 8 analysts covering Celanese (NYSE:CE), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Celanese had 10 analyst reports since July 23, 2018 according to SRatingsIntel. As per Tuesday, July 24, the company rating was maintained by Citigroup. The stock of Celanese Corporation (NYSE:CE) earned “Outperform” rating by Robert W. Baird on Monday, October 22. The firm earned “Overweight” rating on Monday, July 30 by Barclays Capital. The firm has “Market Perform” rating given on Tuesday, January 8 by BMO Capital Markets. The stock of Celanese Corporation (NYSE:CE) has “Overweight” rating given on Monday, July 23 by KeyBanc Capital Markets. The stock has “Buy” rating by Citigroup on Thursday, October 11. JP Morgan maintained it with “Neutral” rating and $114 target in Monday, July 23 report. On Monday, October 22 the stock rating was maintained by Barclays Capital with “Overweight”. Nomura maintained the shares of CE in report on Monday, October 15 with “Neutral” rating.

Celanese Corporation (NYSE:CE) Institutional Positions Chart

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