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Institutional investors pour millions into Celanese, boosting the chemical company’s stock.
Institutional investors have significantly increased their stakes in Celanese Co., a chemical and specialty materials company.
Recent acquisitions include UniSuper Management Pty Ltd buying 12,248 shares, bringing their total to 26,276 shares; New Age Alpha Advisors LLC investing $1.74 million; and Norges Bank purchasing 3,219,402 shares for about $222.8 million.
Celanese's Q4 earnings surpassed analyst estimates, with a net income of $1.45 per share.
The company has a market cap of $6.25 billion and is forecast to post 8.79 earnings per share for the year.
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Los inversores institucionales vierten millones en Celanese, lo que aumenta las acciones de la compañía química.