According to the most recent disclosure that Mutual of America Capital Management LLC made with the Securities and Exchange Commission, during the third quarter of 2018, the investment firm’s holdings in Celanese Co (NYSE: CE) were reduced by 6.5%.
Mutual of America Capital Management LLC (SEC) provided this information to the SEC. Following the transaction during that period involving the sale of 953 of the company’s shares, the business had 13,816 of the basic materials company’s shares in its possession.
At the end of the most recent fiscal quarter that was just finished, Mutual of America Capital Management LLC held a stake in Celanese that was valued at $1,248,000.
Recent months have seen several large investors make adjustments to the proportion of the company’s stock that is held within their investment portfolios. Raymond James Financial Services Advisors INC grew its ownership stake in Celanese by 51% during the first three months of 2018, bringing the total percentage of the company’s shares it held to 99%. Raymond James Financial Services Advisors INC now has a total of 10,152 shares of the basic materials company’s stock after purchasing an additional 3,431 shares during the most recent period.
The company’s stock is currently valued at $1,451,000 due to the 10,152 shares that are held.
The percentage of Celanese stock Cambridge Investment Research Advisors INC owned increased by 6.8% over the first three months of 2018. Cambridge Investment Research Advisors INC now has 5,627 stock held by the basic materials company after purchasing an additional 360 shares during the most recent fiscal quarter.
This brings the company’s total shares held by Cambridge Investment Research Advisors INC to 5,627.
The current value of these shares, when traded on the market, is $804,000.
During the first three months of this year, the Commonwealth of Pennsylvania Public School Employees Retirement System saw a 5.8 percent increase in cedar in its portfolio.
The Commonwealth of Pennsylvania Public School Empls Retreat SYS now has a total of 14,455 shares of the basic materials company, which are worth $2,065,000 following the purchase of an additional 790 shares of the company’s stock during the most recent quarter.
These shares were purchased during the most recent quarter. Yousif Capital Management LLC made a 1.5% purchase of additional Celanese stock during the first quarter, increasing the percentage of the company’s stock it owned. Yousif Capital Management LLC now holds 13,838 shares of the basic materials company’s stock, following the acquisition of an additional 205 shares during the most recent quarter.
The stock is currently valued at $1,977,000. Not to mention, during the first three months of 2018, Aviva PLC increased the proportion of Celanese stock that is owned by 12.8%. Following the acquisition of an additional 4,265 shares during the most recent fiscal quarter, Aviva PLC now holds 37,618 shares of the company specializing in primary materials.
The current value of these shares, when traded on the market, is $5,374,000.
The vast majority of the stock in the company is owned by institutional investors, which accounts for 92.54% of the total.
Recently, the company has been in communication with a variety of analysts, and they have provided their feedback.
Mizuho lowered its price objective for Celanese from $108.00 to $107.00 as a direct result of the research firm’s decision to rate the company’s stock as “neutral” in a report published on January 12 and distributed that same day. UBS Group released a research note on January 11 in which they raised their price objective for Celanese from $120.00 to $135.00 and gave the firm a “buy” rating.
The note also stated that they gave the firm a “buy” rating.
In addition, the research note recommended “buying” company shares. Wells Fargo & Company announced in a research note that was made public on October 18 that they were decreasing their price objective for Celanese from $130.00 to $115.00.
Despite this change, they maintained their “overweight” stock rating throughout this process.
In a research note released on January 4, the Royal Bank of Canada raised its price objective for Celanese from $98.00 to $125.00.
The bank also upgraded the company from being rated “sector perform.”
Leave a comment