Connor, Clark & Lunn Discloses 5.1% Stake in Celestica Inc.
Ticker: CLS · Form: SC 13G · Filed: Feb 8, 2024 · CIK: 1030894
| Field | Detail |
|---|---|
| Company | Celestica Inc (CLS) |
| Form Type | SC 13G |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Big money just bought 5.1% of Celestica, signaling institutional confidence.**
AI Summary
Connor, Clark & Lunn Investment Management Ltd. reported on February 8, 2024, that they beneficially own 6,135,452 shares of Celestica Inc. common stock, representing 5.1% of the company's class. This filing, dated December 31, 2023, indicates a significant passive investment by an institutional investor. This matters to shareholders because it signals a major investment firm sees value in Celestica, potentially boosting investor confidence and stock stability.
Why It Matters
A large institutional investment firm, Connor, Clark & Lunn, has taken a significant stake in Celestica Inc., which can be seen as a vote of confidence in the company's future prospects.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by an institutional investor, which generally reduces volatility and signals stability rather than immediate risk.
Analyst Insight
A smart investor would view this as a positive signal, suggesting that a reputable investment firm sees long-term value in Celestica Inc., and might consider further research into the company's fundamentals.
Key Numbers
- 6,135,452 — Shares Beneficially Owned (Represents the total number of Celestica Inc. common shares held by Connor, Clark & Lunn Investment Management Ltd.)
- 5.1% — Percent of Class (Indicates the proportion of Celestica Inc.'s common stock owned by the reporting person, making them a significant shareholder.)
Key Players & Entities
- Connor, Clark & Lunn Investment Management Ltd. (company) — the reporting person and institutional investor
- Celestica Inc. (company) — the subject company (issuer) in which shares were acquired
- 6,135,452 (dollar_amount) — aggregate shares beneficially owned
- 5.1% (dollar_amount) — percentage of class represented by shares owned
- December 31, 2023 (date) — date of event requiring the filing
- February 8, 2024 (date) — filing date
Forward-Looking Statements
- Celestica Inc. stock may experience increased stability due to institutional backing. (Celestica Inc.) — medium confidence, target: next 6-12 months
- Other institutional investors might follow Connor, Clark & Lunn's lead, potentially increasing demand for Celestica shares. (Celestica Inc.) — low confidence, target: next 3-6 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Connor, Clark & Lunn Investment Management Ltd., an investment adviser based in Vancouver, British Columbia, Canada, as stated in Item 1 of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is Celestica Inc., as identified in Item 1(a) and the 'SUBJECT COMPANY' section of the filing.
How many shares of Celestica Inc. common stock does Connor, Clark & Lunn Investment Management Ltd. beneficially own?
Connor, Clark & Lunn Investment Management Ltd. beneficially owns an aggregate amount of 6,135,452 shares, as reported in Row 9 of the cover page.
What percentage of Celestica Inc.'s class of securities does this beneficial ownership represent?
This beneficial ownership represents 5.1% of the class, as indicated in Row 11 of the cover page.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 8, 2024 regarding CELESTICA INC (CLS).