Jump Financial LLC Decreases Position in Canadian Solar Inc. (NASDAQ:CSIQ)

Jump Financial LLC trimmed its stake in shares of Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) by 40.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,284 shares of the solar energy provider's stock after selling 63,547 shares during the period. Jump Financial LLC owned 0.14% of Canadian Solar worth $1,026,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CSIQ. USCF Advisers LLC increased its stake in Canadian Solar by 66.7% during the 4th quarter. USCF Advisers LLC now owns 2,500 shares of the solar energy provider's stock worth $28,000 after buying an additional 1,000 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Canadian Solar by 184.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,166 shares of the solar energy provider's stock valued at $57,000 after purchasing an additional 3,347 shares in the last quarter. Sciencast Management LP acquired a new stake in Canadian Solar during the 4th quarter worth $113,000. Miracle Mile Advisors LLC acquired a new stake in shares of Canadian Solar in the fourth quarter valued at about $133,000. Finally, Mariner LLC lifted its stake in shares of Canadian Solar by 100.0% in the fourth quarter. Mariner LLC now owns 20,000 shares of the solar energy provider's stock worth $222,000 after buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 52.36% of the company's stock.

Canadian Solar Trading Up 20.2 %

NASDAQ:CSIQ traded up $1.87 during trading hours on Friday, reaching $11.15. 11,780,372 shares of the company were exchanged, compared to its average volume of 1,924,682. The firm has a market cap of $737.67 million, a price-to-earnings ratio of -92.92, a PEG ratio of 0.74 and a beta of 1.33. The stock has a 50 day simple moving average of $9.20 and a 200 day simple moving average of $11.02. Canadian Solar Inc. has a 52-week low of $6.57 and a 52-week high of $21.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.85.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last issued its earnings results on Tuesday, March 25th. The solar energy provider reported ($1.47) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($1.26). The firm had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.57 billion. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business posted ($0.02) earnings per share. As a group, analysts predict that Canadian Solar Inc. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

CSIQ has been the topic of several recent analyst reports. StockNews.com lowered shares of Canadian Solar from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Citigroup raised shares of Canadian Solar from a "sell" rating to a "neutral" rating and set a $8.00 price objective for the company in a research note on Thursday, April 17th. The Goldman Sachs Group reduced their price target on Canadian Solar from $11.00 to $9.00 and set a "sell" rating on the stock in a research report on Wednesday, March 26th. Roth Capital downgraded Canadian Solar from a "buy" rating to a "neutral" rating and set a $9.00 price objective on the stock. in a report on Friday. Finally, Wells Fargo & Company decreased their target price on shares of Canadian Solar from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $16.77.

About Canadian Solar

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.