China Automotive Systems Inc (NASDAQ:CAAS) Shifting Institutional Investors Sentiment

December 23, 2017 - By Stephen Andrade

 China Automotive Systems Inc (NASDAQ:CAAS) Shifting Institutional Investors Sentiment

Sentiment for China Automotive Systems Inc (NASDAQ:CAAS)

China Automotive Systems Inc (NASDAQ:CAAS) institutional sentiment increased to 2.17 in Q3 2017. Its up 1.17, from 1 in 2017Q2. The ratio improved, as 13 hedge funds started new or increased stock positions, while 6 sold and decreased stakes in China Automotive Systems Inc. The hedge funds in our partner’s database reported: 1.56 million shares, up from 1.39 million shares in 2017Q2. Also, the number of hedge funds holding China Automotive Systems Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 3 Increased: 4 New Position: 9.

China Automotive Systems, Inc., through its subsidiaries, makes and sells automotive systems and components in the PeopleÂ’s Republic of China, the United States, and internationally. The company has market cap of $154.74 million. It produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic systems and parts. It has a 6.11 P/E ratio. The firm is also involved in the marketing of automotive parts in North America, as well as the provision of after sales, and research and development support services.

It closed at $4.89 lastly. It is down 28.50% since December 23, 2016 and is uptrending. It has outperformed by 11.80% the S&P500.

Analysts await China Automotive Systems, Inc. (NASDAQ:CAAS) to report earnings on March, 29. They expect $0.21 EPS, up 16.67 % or $0.03 from last year’s $0.18 per share. CAAS’s profit will be $6.65 million for 5.82 P/E if the $0.21 EPS becomes a reality. After $0.16 actual EPS reported by China Automotive Systems, Inc. for the previous quarter, Wall Street now forecasts 31.25 % EPS growth.

Stuyvesant Capital Management holds 0.49% of its portfolio in China Automotive Systems, Inc. for 46,807 shares. Hanson & Doremus Investment Management owns 86,060 shares or 0.16% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.01% invested in the company for 116,700 shares. The California-based Sensato Investors Llc has invested 0.01% in the stock. Spark Investment Management Llc, a New York-based fund reported 47,700 shares.#img1#

More notable recent China Automotive Systems, Inc. (NASDAQ:CAAS) news were published by: Prnewswire.com which released: “China Automotive Systems Reports 25.2% Net Sales Growth in the 2017 Third Quarter” on November 09, 2017, also Seekingalpha.com with their article: “China Automotive Systems’ Buyout Price Should Be Raised To At Least $7.50” published on June 13, 2017, Zacks.com published: “3 Reasons Why China Automotive Systems (CAAS) is a Great Momentum Stock …” on September 05, 2017. More interesting news about China Automotive Systems, Inc. (NASDAQ:CAAS) were released by: Zacks.com and their article: “Should Value Investors Pick China Automotive (CAAS) Stock Now?” published on October 03, 2017 as well as Prnewswire.com‘s news article titled: “China Automotive Systems, Inc. Announces Receipt of Revised Proposal” with publication date: August 31, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.