As Arcos Dorados Holdings (ARCO) Share Price Rose, Driehaus Capital Management Has Boosted Stake; Trellus Management Company Decreased Its Canadian Solar (CSIQ) Position by $342,400; Stock Price Declined

January 14, 2018 - By Jacob Smith

Adam Usdan decreased its stake in Canadian Solar Inc (CSIQ) by 56.91% based on its latest 2017Q3 regulatory filing with the SEC. Trellus Management Company Llc sold 21,400 shares as the company’s stock declined 8.07% while stock markets rallied. The hedge fund run by Adam Usdan held 16,200 shares of the semiconductors company at the end of 2017Q3, valued at $273,000, down from 37,600 at the end of the previous reported quarter. Trellus Management Company Llc who had been investing in Canadian Solar Inc for a number of months, seems to be less bullish one the $959.95 million market cap company. The stock decreased 4.34% or $0.75 during the last trading session, reaching $16.55. About 1.83 million shares traded or 63.82% up from the average. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 25.32% since January 14, 2017 and is downtrending. It has underperformed by 42.02% the S&P500.

Richard Driehaus increased its stake in Arcos Dorados Holdings Inc (ARCO) by 26.93% based on its latest 2017Q3 regulatory filing with the SEC. Driehaus Capital Management Llc bought 327,870 shares as the company’s stock rose 36.72% with the market. The hedge fund run by Richard Driehaus held 1.55M shares of the restaurants company at the end of 2017Q3, valued at $15.53 million, up from 1.22M at the end of the previous reported quarter. Driehaus Capital Management Llc who had been investing in Arcos Dorados Holdings Inc for a number of months, seems to be bullish on the $2.02B market cap company. The stock increased 2.14% or $0.2 during the last trading session, reaching $9.55. About 191,364 shares traded. Arcos Dorados Holdings Inc. (NYSE:ARCO) has risen 102.55% since January 14, 2017 and is uptrending. It has outperformed by 85.85% the S&P500.

Trellus Management Company Llc, which manages about $123.52 million and $73.00M US Long portfolio, upped its stake in Tesaro Inc (NASDAQ:TSRO) by 3,100 shares to 11,519 shares, valued at $1.49 million in 2017Q3, according to the filing.

Among 17 analysts covering Canadian Solar Inc. (NASDAQ:CSIQ), 9 have Buy rating, 2 Sell and 6 Hold. Therefore 53% are positive. Canadian Solar Inc. had 40 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was initiated by Northland Capital on Wednesday, March 16 with “Outperform”. FBR Capital maintained the stock with “Outperform” rating in Friday, August 19 report. Barclays Capital initiated it with “Overweight” rating and $24 target in Monday, April 4 report. Cowen & Co initiated it with “Outperform” rating and $28.50 target in Tuesday, August 25 report. The rating was maintained by Cowen & Co on Friday, October 20 with “Hold”. Roth Capital downgraded the shares of CSIQ in report on Tuesday, November 22 to “Neutral” rating. J.P. Morgan downgraded Canadian Solar Inc. (NASDAQ:CSIQ) on Tuesday, December 12 to “Sell” rating. Oppenheimer maintained the stock with “Buy” rating in Tuesday, June 6 report. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) has “Hold” rating given on Tuesday, June 6 by Roth Capital. Cowen & Co maintained Canadian Solar Inc. (NASDAQ:CSIQ) rating on Monday, September 18. Cowen & Co has “Hold” rating and $17.0 target.

Analysts await Canadian Solar Inc. (NASDAQ:CSIQ) to report earnings on March, 20. They expect $1.06 earnings per share, up 341.67% or $0.82 from last year’s $0.24 per share. CSIQ’s profit will be $61.48 million for 3.90 P/E if the $1.06 EPS becomes a reality. After $0.22 actual earnings per share reported by Canadian Solar Inc. for the previous quarter, Wall Street now forecasts 381.82% EPS growth.

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