Institutional Investors Lead Shift in China Automotive Systems Inc (NASDAQ:CAAS) Sentiment

July 13, 2018 - By Patrick Harkless

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 dropped, as 7 investment managers opened new and increased equity positions, while 10 cut down and sold holdings in China Automotive Systems Inc. The investment managers in our partner’s database now hold: 1.59 million shares, down from 1.65 million shares in 2017Q4. Also, the number of investment managers holding China Automotive Systems Inc in their top 10 equity positions 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 $128.16 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.

The stock decreased 1.46% or $0.06 during the last trading session, reaching $4.05. About 12,798 shares traded. China Automotive Systems, Inc. (NASDAQ:CAAS) has declined 9.38% since July 13, 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 $5.38 million for 5.96 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

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