Two Sigma Advisers LP Has $386,000 Holdings in Canadian Solar (CSIQ)

Two Sigma Advisers LP boosted its stake in Canadian Solar (NASDAQ:CSIQ) by 51.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,902 shares of the solar energy provider’s stock after purchasing an additional 7,800 shares during the period. Two Sigma Advisers LP’s holdings in Canadian Solar were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CSIQ. Engineers Gate Manager LP purchased a new position in Canadian Solar in the 4th quarter worth approximately $1,940,000. Calamos Advisors LLC grew its position in shares of Canadian Solar by 21.3% in the 4th quarter. Calamos Advisors LLC now owns 495,000 shares of the solar energy provider’s stock worth $8,346,000 after buying an additional 86,927 shares during the last quarter. Deutsche Bank AG grew its position in shares of Canadian Solar by 17.1% in the 4th quarter. Deutsche Bank AG now owns 339,155 shares of the solar energy provider’s stock worth $5,717,000 after buying an additional 49,440 shares during the last quarter. Kassirer Asset Management Corp bought a new stake in shares of Canadian Solar in the 4th quarter worth approximately $506,000. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of Canadian Solar in the 4th quarter worth approximately $354,000. 39.15% of the stock is currently owned by institutional investors and hedge funds.

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NASDAQ CSIQ opened at $15.89 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.99. Canadian Solar has a twelve month low of $12.07 and a twelve month high of $19.09. The company has a market cap of $930.95, a P/E ratio of 15.28, a PEG ratio of 0.44 and a beta of 2.67.

Canadian Solar (NASDAQ:CSIQ) last released its quarterly earnings results on Monday, March 19th. The solar energy provider reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. Canadian Solar had a return on equity of 6.11% and a net margin of 2.94%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The firm’s revenue was up 65.9% on a year-over-year basis. research analysts predict that Canadian Solar will post 1.4 EPS for the current fiscal year.

CSIQ has been the topic of a number of recent analyst reports. Goldman Sachs initiated coverage on Canadian Solar in a research report on Tuesday, January 9th. They issued a “neutral” rating and a $19.00 price objective on the stock. B. Riley set a $15.00 price objective on Canadian Solar and gave the stock a “hold” rating in a research report on Friday, January 12th. BidaskClub upgraded Canadian Solar from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. ValuEngine upgraded Canadian Solar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase upgraded Canadian Solar from an “underweight” rating to a “neutral” rating and set a $16.00 price objective on the stock in a research report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.92.

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Canadian Solar Profile

Canadian Solar Inc is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment.

Institutional Ownership by Quarter for Canadian Solar (NASDAQ:CSIQ)

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