21,078 Shares in China Automotive Systems, Inc. (NASDAQ:CAAS) Bought by Two Sigma Securities LLC

Two Sigma Securities LLC acquired a new stake in shares of China Automotive Systems, Inc. (NASDAQ:CAAS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,078 shares of the auto parts company’s stock, valued at approximately $86,000. Two Sigma Securities LLC owned approximately 0.07% of China Automotive Systems as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of China Automotive Systems by 4.8% during the 4th quarter. Renaissance Technologies LLC now owns 420,994 shares of the auto parts company’s stock worth $1,726,000 after purchasing an additional 19,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in China Automotive Systems by 22.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,586 shares of the auto parts company’s stock worth $437,000 after buying an additional 19,484 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of China Automotive Systems by 5.2% during the fourth quarter. Empowered Funds LLC now owns 143,856 shares of the auto parts company’s stock valued at $590,000 after acquiring an additional 7,119 shares during the last quarter. 5.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on China Automotive Systems in a research report on Friday, April 11th. They set a “hold” rating for the company.

China Automotive Systems Stock Down 2.1 %

Shares of NASDAQ CAAS opened at $3.80 on Friday. The firm has a 50-day simple moving average of $4.17 and a 200-day simple moving average of $4.22. The stock has a market capitalization of $114.65 million, a price-to-earnings ratio of 3.62 and a beta of 2.33. China Automotive Systems, Inc. has a 52 week low of $3.34 and a 52 week high of $5.37.

China Automotive Systems (NASDAQ:CAAS) last released its quarterly earnings data on Friday, March 28th. The auto parts company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. China Automotive Systems had a net margin of 5.12% and a return on equity of 8.22%. The company had revenue of $188.70 million during the quarter, compared to the consensus estimate of $147.52 million.

China Automotive Systems Profile

China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China, the United States, and internationally. 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 electronics and systems and parts.