Celanese Corp (CE) Stake Raised by James Investment Research Inc

June 19, 2017 - By Henry Gaston

Investors sentiment increased to 0.95 in 2016 Q4. Its up 0.10, from 0.85 in 2016Q3. It improved, as 24 investors sold CE shares while 163 reduced holdings. 77 funds opened positions while 100 raised stakes. 132.47 million shares or 2.18% less from 135.43 million shares in 2016Q3 were reported. Nomura Asset holds 20,190 shares. Gotham Asset Lc holds 85,716 shares. Pittenger & Anderson Inc holds 0.06% or 7,650 shares. Webster National Bank N A invested in 0.01% or 440 shares. Ubs Asset Mgmt Americas reported 340,117 shares. Reilly Advsrs Lc holds 517 shares. Dimensional Fund Advisors LP accumulated 0.03% or 647,993 shares. Moreover, Herndon Management Lc has 1.12% invested in Celanese Corporation (NYSE:CE). Curbstone owns 7,450 shares. Moreover, Pictet Asset Ltd has 0.01% invested in Celanese Corporation (NYSE:CE). Northern Trust Corporation stated it has 0.02% of its portfolio in Celanese Corporation (NYSE:CE). Ibm Retirement Fund has 13,804 shares for 0.05% of their portfolio. Parametric Portfolio Assoc Ltd Llc holds 161,545 shares or 0.02% of its portfolio. Finemark Natl Bancorp reported 0.01% stake. Franklin Res Inc accumulated 0.05% or 1.25M shares.

James Investment Research Inc increased its stake in Celanese Corp (CE) by 13.2% based on its latest 2016Q4 regulatory filing with the SEC. James Investment Research Inc bought 93,774 shares as the company’s stock declined 5.81% while stock markets rallied. The institutional investor held 804,002 shares of the major chemicals company at the end of 2016Q4, valued at $63.31 million, up from 710,228 at the end of the previous reported quarter. James Investment Research Inc who had been investing in Celanese Corp for a number of months, seems to be bullish on the $12.68B market cap company. It closed at $90.52 lastly. It is down 21.48% since June 19, 2016 and is uptrending. It has outperformed by 4.78% the S&P500.

James Investment Research Inc, which manages about $5.64B and $3.87B US Long portfolio, decreased its stake in Gold Trust Spdr (GLD) by 95,398 shares to 136,747 shares, valued at $14.99 million in 2016Q4, according to the filing. It also reduced its holding in American Woodmark Corp (NASDAQ:AMWD) by 58,118 shares in the quarter, leaving it with 185,688 shares, and cut its stake in Amtrust Financial Services (NASDAQ:AFSI).

More important recent Celanese Corporation (NYSE:CE) news were published by: Plasticsnews.com which released: “Celanese to open Saudi acetal plant in third quarter of 2017” on June 12, 2017, also Businesswire.com published article titled: “Celanese Announces Construction Update to Polyacetal Facility of Ibn Sina …”, Reuters.com published: “Celanese, Blackstone to form acetate tow joint venture” on June 18, 2017. More interesting news about Celanese Corporation (NYSE:CE) was released by: Streetinsider.com and their article: “Celanese Corp. (CE) & Blackstone (BX) Announce JV to Create Global Acetate Tow …” with publication date: June 19, 2017.

Celanese Corporation (NYSE:CE) Ratings Coverage

Among 13 analysts covering Celanese (NYSE:CE), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Celanese had 35 analyst reports since September 1, 2015 according to SRatingsIntel. The stock of Celanese Corporation (NYSE:CE) has “Overweight” rating given on Wednesday, July 27 by Barclays Capital. The firm earned “Overweight” rating on Monday, January 25 by Barclays Capital. On Friday, February 17 the stock rating was initiated by Robert W. Baird with “Outperform”. The stock of Celanese Corporation (NYSE:CE) has “Buy” rating given on Wednesday, November 30 by Goldman Sachs. The company was downgraded on Wednesday, September 7 by Citigroup. The firm has “Neutral” rating given on Friday, January 22 by UBS. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, October 7. As per Friday, July 1, the company rating was initiated by Susquehanna. RBC Capital Markets upgraded it to “Outperform” rating and $100 target in Tuesday, December 13 report. UBS maintained the stock with “Neutral” rating in Monday, November 16 report.

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