November 16, 2016 - By Peter Erickson · 0 Comments
China Automotive Systems Inc (NASDAQ:CAAS) institutional sentiment decreased to 0.5 in Q2 2016. Its down -0.40, from 0.9 in 2016Q1. The ratio dropped, as 4 investment managers opened new and increased positions, while 8 decreased and sold their stock positions in China Automotive Systems Inc. The investment managers in our partner’s database reported: 993,859 shares, down from 2.15 million shares in 2016Q1. Also, the number of investment managers holding China Automotive Systems Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 3 Increased: 3 New Position: 1.
China Automotive Systems, Inc., is a holding company. The company has a market cap of $134.45 million. The Company, through its subsidiary, Great Genesis Holdings Limited (Genesis), owns interests in over eight Sino-joint ventures and over five subsidiaries in the People’s Republic of China (PRC), which manufacture power steering systems and/or related products for various divisions of the automobile industry. It has a 5.67 P/E ratio. Genesis also owns interests in a Brazil trading company, which engages mainly in the import and sales of automotive parts in Brazil.
The stock closed at $4.19 during the last session. It is down 8.48% since April 14, 2016 and is downtrending. It has underperformed by 13.16% the S&P500.
According to Zacks Investment Research, “China Automotive Systems is a holding company and has no significant business operations other than their interest in Genesis in which they manufacture power steering systems and other component parts for automobiles.”
Stuyvesant Capital Management holds 0.27% of its portfolio in China Automotive Systems, Inc. for 43,157 shares. Hanson & Doremus Investment Management owns 67,525 shares or 0.1% of their US portfolio. Moreover, Sensato Investors Llc has 0.03% invested in the company for 63,563 shares. The Michigan-based Seizert Capital Partners Llc has invested 0.02% in the stock. Spark Investment Management Llc, a New York-based fund reported 61,600 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 0 sales for $12,600 net activity.
China Automotive Systems, Inc., (China Automotive), incorporated on June 23, 1999, is a holding company. The Company, through its subsidiary, Great Genesis Holdings Limited (Genesis), owns interests in over eight Sino-joint ventures and over five subsidiaries in the People’s Republic of China (PRC), which manufacture power steering systems and/or related products for various divisions of the automobile industry. Genesis also owns interests in a Brazil trading company, which engages mainly in the import and sales of automotive parts in Brazil. Henglong USA Corporation (HLUSA), which is a subsidiary of the Company, engages in marketing of automotive parts in North America, and provides after sales service and research and development support. The Company’s geographical divisions include the United States, China and other foreign countries.
More notable recent China Automotive Systems, Inc. (NASDAQ:CAAS) news were published by: Streetinsider.com which released: “China Automotive Systems (CAAS) Commences Production of Electric Power …” on November 16, 2016, also Prnewswire.com with their article: “China Automotive Systems Reports 2016 Second Quarter Financial Results” published on August 11, 2016, Prnewswire.com published: “China Automotive Systems Announces Share Repurchase” on January 07, 2016. More interesting news about China Automotive Systems, Inc. (NASDAQ:CAAS) were released by: Prnewswire.com and their article: “China Automotive Systems Won China’s Highest Product Quality Award” published on April 06, 2016 as well as Seekingalpha.com‘s news article titled: “China Automotive Systems: Profiting From Uncertainty In China” with publication date: September 29, 2016.
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By Peter Erickson