China Automotive Systems Inc (NASDAQ:CAAS) Institutional Investors Q1 2018 Sentiment

June 21, 2018 - By Hannah Black

Sentiment for China Automotive Systems Inc (NASDAQ:CAAS)

China Automotive Systems Inc (NASDAQ:CAAS) institutional sentiment decreased to 0.7 in Q1 2018. Its down -0.12, from 0.82 in 2017Q4. The ratio dived, as 7 hedge funds increased and opened new holdings, while 10 decreased and sold their stakes in China Automotive Systems Inc. The hedge funds in our partner’s database reported: 1.59 million shares, down from 1.65 million shares in 2017Q4. Also, the number of hedge funds holding China Automotive Systems Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 7 Increased: 4 New Position: 3.

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 $138.28 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 currently has negative earnings. 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 $4.37 lastly. It is down 9.38% since June 21, 2017 and is downtrending. It has underperformed by 21.95% the S&P500.

Analysts await China Automotive Systems, Inc. (NASDAQ:CAAS) to report earnings on August, 9. They expect $0.17 earnings per share, down 39.29 % or $0.11 from last year’s $0.28 per share. CAAS’s profit will be $5.38M for 6.43 P/E if the $0.17 EPS becomes a reality. After $0.14 actual earnings per share reported by China Automotive Systems, Inc. for the previous quarter, Wall Street now forecasts 21.43 % EPS growth.

Stuyvesant Capital Management holds 0.35% of its portfolio in China Automotive Systems, Inc. for 37,157 shares. Hanson & Doremus Investment Management owns 86,175 shares or 0.13% of their US portfolio. Moreover, Myriad Asset Management Ltd. has 0.03% invested in the company for 74,600 shares. The New York-based Spark Investment Management Llc has invested 0.02% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 116,400 shares.

China Automotive Systems, Inc. (NASDAQ:CAAS) Institutional Positions Chart

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: