Trina Solar Ltd. (TSL) Stake Held by LMR Partners LLP
LMR Partners LLP continued to hold its stake in Trina Solar Ltd. (NYSE:TSL) during the second quarter, Holdings Channel reports. The fund owned 50,000 shares of the company’s stock at the end of the second quarter. LMR Partners LLP’s holdings in Trina Solar were worth $387,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of TSL. Pacad Investment Ltd. bought a new stake in Trina Solar during the first quarter valued at about $156,000. Bank of Montreal Can bought a new stake in Trina Solar during the second quarter valued at about $166,000. Tairen Capital Ltd bought a new stake in Trina Solar during the second quarter valued at about $194,000. Scotia Capital Inc. increased its stake in Trina Solar by 23.2% in the first quarter. Scotia Capital Inc. now owns 26,540 shares of the company’s stock valued at $264,000 after buying an additional 5,000 shares during the last quarter. Finally, Sensato Investors LLC bought a new stake in Trina Solar during the first quarter valued at about $448,000. Hedge funds and other institutional investors own 61.68% of the company’s stock.
Trina Solar Ltd. (NYSE:TSL) traded up 0.58% during midday trading on Thursday, reaching $10.42. The company had a trading volume of 1,464,006 shares. Trina Solar Ltd. has a 52-week low of $6.91 and a 52-week high of $11.35. The company has a market cap of $884.99 million, a PE ratio of 12.09 and a beta of 1.55. The company’s 50-day moving average is $10.41 and its 200 day moving average is $9.28.
Trina Solar (NYSE:TSL) last released its earnings results on Tuesday, August 23rd. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.11. Trina Solar had a return on equity of 11.34% and a net margin of 2.51%. The firm had revenue of $961.60 million for the quarter, compared to analyst estimates of $866.56 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. On average, equities research analysts forecast that Trina Solar Ltd. will post $0.39 EPS for the current year.
Several analysts have issued reports on TSL shares. Axiom Securities upgraded Trina Solar from a “sell” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Thursday, October 6th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $11.60 target price on shares of Trina Solar in a research note on Wednesday, August 24th. Zacks Investment Research raised Trina Solar from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Morgan Stanley set a $11.60 target price on Trina Solar and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Finally, Cowen and Company cut Trina Solar from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $11.00 to $7.50 in a research note on Friday, July 15th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.39.
Trina Solar Company Profile
Trina Solar Limited is an integrated solar power products manufacturer and solar system developer based in China with a global distribution network. The Company has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic (PV) module production. Its PV modules provide electric power for residential, commercial, industrial and other applications.
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