<div id="readability-page-1"><p>Castleark Management LLC trimmed its position in  Celestica, Inc. (NYSE:CLS - Free Report) <span>TSE: CLS<span></span></span> by 26.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 51,760 shares of the technology company's stock after selling 18,480 shares during the period. Castleark Management LLC's holdings in Celestica were worth $8,080,000 as of its most recent filing with the SEC.</p><ul><li>3 Stocks Poised to Benefit From Google’s AI Breakthough</li></ul><p>Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in  Celestica by 1,103.8% in the first quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company's stock valued at $1,930,000 after acquiring an additional 22,452 shares in the last quarter.  Thompson Davis &amp; CO. Inc. purchased a new stake in shares of  Celestica in the 2nd quarter worth about $328,000.  Y Intercept Hong Kong Ltd boosted its stake in shares of  Celestica by 406.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company's stock valued at $8,212,000 after purchasing an additional 42,215 shares in the last quarter.  Fortis Capital Advisors LLC purchased a new position in shares of  Celestica during the second quarter valued at about $343,000.  Finally, TD Waterhouse Canada Inc. raised its stake in  Celestica by 2.2% in the second quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company's stock worth $22,356,000 after buying an additional 3,221 shares in the last quarter. Institutional investors own  67.38% of the company's stock. </p><h2>Celestica Trading Down 12.7%</h2><p>NYSE CLS opened at $306.71 on Friday. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock's fifty day moving average price is $306.74 and its 200-day moving average price is $227.06. The stock has a market cap of $35.27 billion, a P/E ratio of 49.79 and a beta of 1.83. </p><ul><li>This mid-cap tech stock just jumped 30%...and is still cheap</li></ul><p>Celestica (NYSE:CLS - Get Free Report) <span>TSE: CLS<span></span></span> last announced its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.13. The company had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. Celestica's revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS.  As a group, equities analysts forecast that  Celestica, Inc. will post 4.35 EPS for the current fiscal year. </p><h2>Insider Activity at Celestica</h2><p>In other news, Director Laurette T. Koellner purchased 6,000 shares of Celestica stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the transaction, the director directly owned 6,000 shares of the company's stock, valued at approximately $2,050,020. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by insiders. </p><h2>Analysts Set New Price Targets</h2><ul><li>3 bullish mid-cap earnings plays for January 2024</li></ul><p>Several research firms have weighed in on CLS. TD Cowen  reaffirmed a &#34;hold&#34; rating and set a $238.00 price objective on shares of Celestica in a research report on Friday, October 3rd. New Street Research  set a $400.00 price target on Celestica in a research report on Wednesday, October 29th. CICC Research initiated coverage on Celestica in a report on Tuesday, August 19th. They issued an &#34;outperform&#34; rating for the company. BNP Paribas  restated an &#34;outperform&#34; rating and set a $300.00 target price on shares of Celestica in a report on Thursday, September 25th. Finally, Wall Street Zen downgraded shares of Celestica from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, December 6th. One analyst  has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Celestica  has an average rating of &#34;Moderate Buy&#34; and an average price target of $336.13.</p><p><b>View Our Latest Stock Report on CLS</b></p><h2>Celestica Profile</h2> (Free Report)<p>Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity &amp; Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Celestica</li><li>How to Choose Top Rated Stocks</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>Stock Ratings and Recommendations: Understanding Analyst Ratings</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNMUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNMUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Celestica Right Now?</h2><p>Before you consider Celestica, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Celestica wasn't on the list.</p><p>While Celestica currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Castleark Management LLC reduced its stake in Celestica, Inc. by 26.3% in Q2, now holding 51,760 shares worth $8.08 million. Other institutional investors also adjusted their positions in Celestica. The company's stock price and financial metrics were detailed, including a recent earnings report showing a revenue increase of 27.8% YoY. Analysts have mixed ratings on the stock, with some downgrades and new price targets set.</p>

Castleark Management LLC Has $8.08 Million Position in Celestica, Inc. $CLS