UBS Group AG boosted its position in shares of Canadian Solar Inc. (NASDAQ:CSIQ – Get Rating) by 20.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 96,820 shares of the solar energy provider’s stock after buying an additional 16,606 shares during the period. UBS Group AG’s holdings in Canadian Solar were worth $3,607,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of CSIQ. FinTrust Capital Advisors LLC bought a new stake in Canadian Solar during the 3rd quarter valued at $27,000. Great West Life Assurance Co. Can boosted its position in Canadian Solar by 115.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,098 shares of the solar energy provider’s stock valued at $41,000 after acquiring an additional 589 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Canadian Solar by 13.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,203 shares of the solar energy provider’s stock worth $131,000 after purchasing an additional 483 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Canadian Solar by 9.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,800 shares of the solar energy provider’s stock worth $179,000 after purchasing an additional 400 shares in the last quarter. Finally, McGowan Group Asset Management Inc. acquired a new stake in shares of Canadian Solar in the 3rd quarter worth $219,000. Institutional investors own 47.95% of the company’s stock.
Canadian Solar Stock Performance
Shares of CSIQ opened at $41.75 on Friday. The stock has a 50-day moving average of $38.82 and a two-hundred day moving average of $37.45. Canadian Solar Inc. has a one year low of $22.15 and a one year high of $47.69. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.84 and a current ratio of 1.17. The stock has a market cap of $2.68 billion, a P/E ratio of 15.35 and a beta of 1.46.
Wall Street Analysts Forecast Growth
Canadian Solar Profile
Canadian Solar, Inc engages in the manufacture of solar photovoltaic modules and provides solar energy solutions. It operates through the Module and System Solutions (MSS) and Energy segments. The MSS segment involves in the design, development, manufacture, and sales of solar power products and solar system kits, and operation and maintenance services.
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