Gavekal Capital acquired a new stake in shares of Celanese Co. (NYSE:CE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 86,799 shares of the company’s stock, valued at approximately $5,844,000. Celanese comprises about 2.1% of Gavekal Capital’s investment portfolio, making the stock its 28th largest position. Gavekal Capital owned 0.06% of Celanese at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CE. Banced Corp boosted its position in shares of Celanese by 13.5% in the fourth quarter. Banced Corp now owns 4,131 shares of the company’s stock valued at $278,000 after buying an additional 492 shares during the period. Curbstone Financial Management boosted its stake in Celanese by 100.0% in the fourth quarter. Curbstone Financial Management now owns 15,550 shares of the company’s stock worth $1,047,000 after buying an additional 7,775 shares during the last quarter. Denali Advisors boosted its stake in Celanese by 3.7% in the fourth quarter. Denali Advisors now owns 58,400 shares of the company’s stock worth $3,932,000 after buying an additional 2,100 shares during the last quarter. Janus Capital Management boosted its stake in Celanese by 883.6% in the third quarter. Janus Capital Management now owns 66,100 shares of the company’s stock worth $3,911,000 after buying an additional 59,380 shares during the last quarter. Finally, EQIS Capital Management boosted its stake in Celanese by 140.7% in the fourth quarter. EQIS Capital Management now owns 9,466 shares of the company’s stock worth $637,000 after buying an additional 5,533 shares during the last quarter.

Celanese Co. (NYSE:CE) traded up 1.17% on Thursday, reaching $62.38. The company’s stock had a trading volume of 460,276 shares. The stock has a 50-day moving average of $64.35 and a 200-day moving average of $65.03. The stock has a market cap of $9.16 billion and a P/E ratio of 31.24. Celanese Co. has a one year low of $52.99 and a one year high of $74.19.

Celanese (NYSE:CE) last released its earnings results on Thursday, January 21st. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.01. The company earned $1.33 billion during the quarter, compared to analysts’ expectations of $1.37 billion. The company’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 earnings per share. On average, analysts predict that Celanese Co. will post $6.40 EPS for the current fiscal year.

CE has been the topic of a number of recent analyst reports. RBC Capital initiated coverage on Celanese in a research note on Tuesday, October 13th. They set a “sector perform” rating and a $68.00 target price on the stock. Citigroup Inc. lowered their target price on Celanese from $70.00 to $64.00 in a research note on Wednesday, October 21st. Macquarie reiterated a “buy” rating on shares of Celanese in a research note on Wednesday, October 21st. Zacks Investment Research cut Celanese from a “buy” rating to a “hold” rating in a research note on Monday, October 19th. Finally, Goldman Sachs cut Celanese from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $77.00 to $71.00 in a research note on Monday, October 12th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $73.82.

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.

12 Month Chart for NYSE:CE

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