Icon Advisers Has Trimmed Hollyfrontier (HFC) Stake; Celestica (CLS) Shorts Down By 8.76%

May 18, 2018 - By Michael Collier

Celestica Inc. (NYSE:CLS) Logo

Icon Advisers Inc decreased Hollyfrontier Corp (HFC) stake by 65.62% reported in 2017Q4 SEC filing. Icon Advisers Inc sold 123,300 shares as Hollyfrontier Corp (HFC)’s stock declined 3.24%. The Icon Advisers Inc holds 64,600 shares with $3.31 million value, down from 187,900 last quarter. Hollyfrontier Corp now has $12.77B valuation. The stock increased 0.65% or $0.47 during the last trading session, reaching $72.9. About 1.24M shares traded. HollyFrontier Corporation (NYSE:HFC) has risen 84.07% since May 18, 2017 and is uptrending. It has outperformed by 72.52% the S&P500.

Celestica Inc (NYSE:CLS) had a decrease of 8.76% in short interest. CLS’s SI was 1.20 million shares in May as released by FINRA. Its down 8.76% from 1.32M shares previously. With 550,700 avg volume, 2 days are for Celestica Inc (NYSE:CLS)’s short sellers to cover CLS’s short positions. The SI to Celestica Inc’s float is 0.98%. The stock decreased 1.00% or $0.12 during the last trading session, reaching $11.85. About 141,639 shares traded. Celestica Inc. (NYSE:CLS) has declined 26.94% since May 18, 2017 and is downtrending. It has underperformed by 38.49% the S&P500.

Celestica Inc. provides supply chain solutions in Canada and internationally. The company has market cap of $1.64 billion. The firm offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, and after-market repair and return services. It has a 16.46 P/E ratio. The Company’s services and products are used in various applications, such as servers, networking and telecommunications equipment, storage systems, optical equipment, aerospace and defense electronics, healthcare products and applications, semiconductor equipment, and industrial and alternative energy products.

More recent Celestica Inc. (NYSE:CLS) news were published by: Seekingalpha.com which released: “Celestica Inc. 2018 Q1 – Results – Earnings Call Slides” on April 28, 2018. Also Seekingalpha.com published the news titled: “Celestica’s (CLS) CEO Rob Mionis on Q1 2018 Results – Earnings Call Transcript” on April 28, 2018. Fool.ca‘s news article titled: “Is This Newly Listed Tech Stock the Future of the TSX?” with publication date: May 16, 2018 was also an interesting one.

Among 12 analysts covering Celestica (NYSE:CLS), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Celestica had 36 analyst reports since October 21, 2015 according to SRatingsIntel. The stock of Celestica Inc. (NYSE:CLS) earned “Hold” rating by Stifel Nicolaus on Wednesday, August 16. Macquarie Research downgraded the shares of CLS in report on Thursday, June 22 to “Hold” rating. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, October 26. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, January 24. On Friday, October 27 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of Celestica Inc. (NYSE:CLS) earned “Hold” rating by TD Securities on Thursday, October 19. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, January 15. The firm earned “Buy” rating on Thursday, January 25 by Canaccord Genuity. On Friday, July 14 the stock rating was maintained by Stifel Nicolaus with “Hold”. On Friday, October 30 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”.

Since December 13, 2017, it had 0 insider buys, and 11 sales for $11.91 million activity. Damiris George John sold $3.13 million worth of HollyFrontier Corporation (NYSE:HFC) on Tuesday, May 8. LEE JAMES H had sold 5,149 shares worth $242,878. The insider BECH DOUGLAS Y sold $995,011. The insider Jennings Michael sold 10,000 shares worth $663,600. 15,821 HollyFrontier Corporation (NYSE:HFC) shares with value of $1.05M were sold by McWatters Denise Clark. $673,100 worth of HollyFrontier Corporation (NYSE:HFC) was sold by ROSE MICHAEL E on Thursday, May 10. Voliva Richard Lawrence III sold $620,081 worth of stock or 9,464 shares.

Among 20 analysts covering HollyFrontier (NYSE:HFC), 7 have Buy rating, 6 Sell and 7 Hold. Therefore 35% are positive. HollyFrontier had 81 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of HollyFrontier Corporation (NYSE:HFC) earned “Neutral” rating by Credit Suisse on Monday, April 11. The rating was maintained by JP Morgan with “Neutral” on Friday, June 10. On Thursday, September 28 the stock rating was maintained by Piper Jaffray with “Hold”. The firm earned “Sector Perform” rating on Thursday, August 6 by Scotia Capital. JP Morgan maintained HollyFrontier Corporation (NYSE:HFC) on Monday, April 9 with “Underweight” rating. Cowen & Co maintained HollyFrontier Corporation (NYSE:HFC) on Wednesday, May 2 with “Hold” rating. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 20. The firm has “Neutral” rating given on Friday, May 26 by Piper Jaffray. Credit Suisse maintained HollyFrontier Corporation (NYSE:HFC) rating on Friday, May 4. Credit Suisse has “Neutral” rating and $70 target. The rating was upgraded by Credit Suisse on Monday, December 5 to “Outperform”.

Icon Advisers Inc increased Medtronic Inc. (NYSE:MDT) stake by 21,500 shares to 32,446 valued at $2.62 million in 2017Q4. It also upped Ncr Corp. (NYSE:NCR) stake by 13,300 shares and now owns 33,300 shares. Abbott Laboratories (NYSE:ABT) was raised too.

Investors sentiment is 1.19 in 2017 Q4. Its the same as in 2017Q3. It is flat, as 40 investors sold HFC shares while 125 reduced holdings. only 85 funds opened positions while 112 raised stakes. 144.13 million shares or 0.54% more from 143.35 million shares in 2017Q3 were reported. Numeric Invsts Llc holds 0.01% of its portfolio in HollyFrontier Corporation (NYSE:HFC) for 14,600 shares. Commonwealth National Bank & Trust Of accumulated 0.07% or 144,086 shares. Coldstream Mngmt owns 17,019 shares or 0.09% of their US portfolio. Fulton Financial Bank Na stated it has 0.02% of its portfolio in HollyFrontier Corporation (NYSE:HFC). Raymond James Associate has invested 0.02% in HollyFrontier Corporation (NYSE:HFC). The Alabama-based Fjarde Ap has invested 0.05% in HollyFrontier Corporation (NYSE:HFC). State Teachers Retirement has 0.04% invested in HollyFrontier Corporation (NYSE:HFC). Shell Asset Mgmt owns 34,825 shares. 4,048 were accumulated by Lourd Cap Ltd Liability Com. Affinity Investment Advisors Limited Com owns 48,540 shares for 0.28% of their portfolio. Wedge Capital Management L LP Nc holds 0.01% or 20,999 shares. Millennium Ltd Llc reported 798,245 shares. Utah Retirement reported 32,982 shares. California Pub Employees Retirement Sys invested 0.05% of its portfolio in HollyFrontier Corporation (NYSE:HFC). Afam Capital holds 1.07% or 190,432 shares in its portfolio.

Analysts await HollyFrontier Corporation (NYSE:HFC) to report earnings on August, 1. They expect $1.42 EPS, up 115.15% or $0.76 from last year’s $0.66 per share. HFC’s profit will be $248.69 million for 12.83 P/E if the $1.42 EPS becomes a reality. After $0.77 actual EPS reported by HollyFrontier Corporation for the previous quarter, Wall Street now forecasts 84.42% EPS growth.

More recent HollyFrontier Corporation (NYSE:HFC) news were published by: Benzinga.com which released: “Ulta, Valero, And 3 Other Stocks Showing Signs Of More Upside This Week” on May 08, 2018. Also Benzinga.com published the news titled: “5 Stocks In Clear Upward Trends” on April 20, 2018. Seekingalpha.com‘s news article titled: “HollyFrontier (HFC) Q1 2018 Results – Earnings Call Transcript” with publication date: May 02, 2018 was also an interesting one.

HollyFrontier Corporation (NYSE:HFC) Institutional Positions Chart

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