China Automotive Systems Inc Q2 2018 Institutional Investor Sentiment Worse Than Expected

November 10, 2018 - By Peter Erickson

Sentiment for China Automotive Systems Inc (NASDAQ:CAAS)

China Automotive Systems Inc (NASDAQ:CAAS) institutional sentiment decreased to 0.23 in 2018 Q2. Its down -0.47, from 0.7 in 2018Q1. The ratio is negative, as 3 hedge funds increased and opened new positions, while 13 reduced and sold equity positions in China Automotive Systems Inc. The hedge funds in our partner’s database now hold: 1.11 million shares, down from 1.59 million shares in 2018Q1. Also, the number of hedge funds holding China Automotive Systems Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 7 Increased: 2 New Position: 1.

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 $71.31 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 8.51% or $0.205 during the last trading session, reaching $2.205. About 28,593 shares traded or 30.71% up from the average. China Automotive Systems, Inc. (NASDAQ:CAAS) has declined 34.09% since November 10, 2017 and is downtrending. It has underperformed by 49.71% the S&P500.

Stuyvesant Capital Management holds 0.28% of its portfolio in China Automotive Systems, Inc. for 35,457 shares. Hanson & Doremus Investment Management owns 100,552 shares or 0.14% of their US portfolio. Moreover, Myriad Asset Management Ltd. has 0.02% invested in the company for 41,200 shares. The New York-based Spark Investment Management Llc has invested 0.01% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 200 shares.

Another recent and important China Automotive Systems, Inc. (NASDAQ:CAAS) news was published by Seekingalpha.com which published an article titled: “China Automotive Systems (CAAS) Q3 2018 Results – Earnings Call Transcript” on November 09, 2018.

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

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