Virtu Financial LLC Buys New Shares in Canadian Solar Inc. (NASDAQ:CSIQ)

Virtu Financial LLC bought a new position in shares of Canadian Solar Inc. (NASDAQ:CSIQ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,777 shares of the solar energy provider’s stock, valued at approximately $298,000.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can raised its holdings in shares of Canadian Solar by 59.4% during the second quarter. Bank of Montreal Can now owns 2,951 shares of the solar energy provider’s stock valued at $65,000 after purchasing an additional 1,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Canadian Solar in the 2nd quarter valued at about $68,000. C M Bidwell & Associates Ltd. increased its position in Canadian Solar by 30.0% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,530 shares of the solar energy provider’s stock valued at $99,000 after buying an additional 1,045 shares in the last quarter. Advisor Group Inc. raised its stake in Canadian Solar by 14.7% during the 2nd quarter. Advisor Group Inc. now owns 4,896 shares of the solar energy provider’s stock worth $107,000 after buying an additional 629 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Canadian Solar by 210.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,585 shares of the solar energy provider’s stock worth $165,000 after buying an additional 5,142 shares during the period. Institutional investors and hedge funds own 39.82% of the company’s stock.

CSIQ stock opened at $17.94 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.09. The business has a 50-day simple moving average of $16.74 and a two-hundred day simple moving average of $19.94. The company has a market capitalization of $1.06 billion, a P/E ratio of 5.47, a price-to-earnings-growth ratio of 0.23 and a beta of 2.05. Canadian Solar Inc. has a 52-week low of $13.46 and a 52-week high of $25.89.

Canadian Solar (NASDAQ:CSIQ) last issued its quarterly earnings data on Tuesday, November 12th. The solar energy provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.22). The company had revenue of $759.90 million during the quarter, compared to analysts’ expectations of $799.55 million. Canadian Solar had a return on equity of 12.91% and a net margin of 6.77%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. As a group, sell-side analysts forecast that Canadian Solar Inc. will post 2.22 earnings per share for the current fiscal year.

A number of brokerages have commented on CSIQ. Cascend Securities reissued a “buy” rating and issued a $30.00 price objective (up previously from $25.00) on shares of Canadian Solar in a research note on Friday, August 16th. ValuEngine raised shares of Canadian Solar from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 28th. BidaskClub raised shares of Canadian Solar from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, Roth Capital reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Canadian Solar in a research note on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.50.

Canadian Solar Profile

Canadian Solar Inc, together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems.

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

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