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Harvest Capital Strategies Cut Its Canadian Solar (CSIQ) Stake by $2.96 Million as Valuation Declined; As Radian Group (RDN) Valuation Declined, Holder Clearbridge Trimmed Position

Radian Group Inc. (NYSE:RDN) Logo

Clearbridge Llc decreased its stake in Radian Group Inc (RDN) by 32.94% based on its latest 2017Q4 regulatory filing with the SEC. Clearbridge Llc sold 245,860 shares as the company’s stock declined 11.14% with the market. The institutional investor held 500,484 shares of the property-casualty insurers company at the end of 2017Q4, valued at $10.32M, down from 746,344 at the end of the previous reported quarter. Clearbridge Llc who had been investing in Radian Group Inc for a number of months, seems to be less bullish one the $3.52B market cap company. The stock increased 0.80% or $0.13 during the last trading session, reaching $16.41. About 409,247 shares traded. Radian Group Inc. (NYSE:RDN) has risen 6.99% since May 17, 2017 and is uptrending. It has underperformed by 4.56% the S&P500.

Harvest Capital Strategies Llc decreased its stake in Canadian Solar Inc (CSIQ) by 52.8% based on its latest 2017Q4 regulatory filing with the SEC. Harvest Capital Strategies Llc sold 184,788 shares as the company’s stock declined 3.63% with the market. The institutional investor held 165,212 shares of the semiconductors company at the end of 2017Q4, valued at $2.79M, down from 350,000 at the end of the previous reported quarter. Harvest Capital Strategies Llc who had been investing in Canadian Solar Inc for a number of months, seems to be less bullish one the $1.03 billion market cap company. The stock decreased 0.06% or $0.01 during the last trading session, reaching $17.55. About 362,174 shares traded. Canadian Solar Inc. (NASDAQ:CSIQ) has risen 45.45% since May 17, 2017 and is uptrending. It has outperformed by 33.90% the S&P500.

Among 18 analysts covering Canadian Solar Inc. (NASDAQ:CSIQ), 8 have Buy rating, 4 Sell and 6 Hold. Therefore 44% are positive. Canadian Solar Inc. had 46 analyst reports since August 19, 2015 according to SRatingsIntel. The stock has “Hold” rating by Axiom Capital on Friday, December 15. The firm earned “Overweight” rating on Tuesday, November 10 by Morgan Stanley. The rating was initiated by Stifel Nicolaus on Thursday, September 24 with “Buy”. FBR Capital maintained the shares of CSIQ in report on Wednesday, August 16 with “Market Perform” rating. On Tuesday, June 6 the stock rating was maintained by Oppenheimer with “Buy”. Cowen & Co maintained the stock with “Hold” rating in Wednesday, June 7 report. JP Morgan downgraded Canadian Solar Inc. (NASDAQ:CSIQ) on Tuesday, March 27 to “Underweight” rating. Cowen & Co maintained Canadian Solar Inc. (NASDAQ:CSIQ) on Monday, July 10 with “Hold” rating. On Monday, August 21 the stock rating was downgraded by Barclays Capital to “Underweight”. On Tuesday, December 12 the stock rating was downgraded by J.P. Morgan to “Sell”.

Harvest Capital Strategies Llc, which manages about $1.58 billion and $577.29M US Long portfolio, upped its stake in Express Inc (NYSE:EXPR) by 1.25M shares to 2.55M shares, valued at $25.88 million in 2017Q4, according to the filing. It also increased its holding in Petiq Inc by 192,548 shares in the quarter, for a total of 508,595 shares, and has risen its stake in Alamo Group Inc (NYSE:ALG).

More notable recent Canadian Solar Inc. (NASDAQ:CSIQ) news were published by: Prnewswire.com which released: “Canadian Solar Expands Solar Project Development to South Korea” on May 14, 2018, also Benzinga.com with their article: “26 Stocks Moving In Wednesday’s Pre-Market Session” published on May 16, 2018, 247Wallst.com published: “Short Sellers Getting Out of Solar, Alt Energy Stocks” on May 10, 2018. More interesting news about Canadian Solar Inc. (NASDAQ:CSIQ) were released by: Nasdaq.com and their article: “I’ve Got My Eye On Solar, And You Should, Too…” published on May 08, 2018 as well as Prnewswire.com‘s news article titled: “Canadian Solar Commissions a 35MWp Open Access Solar Project in India” with publication date: May 15, 2018.

Since April 30, 2018, it had 4 insider purchases, and 0 selling transactions for $728,807 activity. Shares for $292,388 were bought by Thornberry Richard G on Monday, April 30. Brummer Derek also bought $286,272 worth of Radian Group Inc. (NYSE:RDN) on Monday, April 30. $73,140 worth of Radian Group Inc. (NYSE:RDN) was bought by WENDER HERBERT.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.20, from 1.14 in 2017Q3. It turned negative, as 12 investors sold RDN shares while 97 reduced holdings. 35 funds opened positions while 67 raised stakes. 197.95 million shares or 1.52% more from 194.98 million shares in 2017Q3 were reported. Burney holds 14,211 shares. Credit Suisse Ag holds 0% or 229,285 shares. Pacad Inv Ltd reported 17,100 shares. Balyasny Asset Limited Com reported 677,934 shares. Moreover, Oberweis Asset Mgmt has 0.1% invested in Radian Group Inc. (NYSE:RDN) for 21,150 shares. 64,104 are held by Investec Asset Mngmt North America. Gargoyle Investment Advisor Limited Co stated it has 0.23% of its portfolio in Radian Group Inc. (NYSE:RDN). Colony Grp Incorporated Ltd Liability Co owns 118,822 shares or 0.15% of their US portfolio. Court Place Ltd Limited Liability Company has 0.23% invested in Radian Group Inc. (NYSE:RDN) for 27,000 shares. Qs Invsts Ltd Llc has invested 0.05% of its portfolio in Radian Group Inc. (NYSE:RDN). Jane Street Ltd Liability holds 18,514 shares or 0% of its portfolio. Ls Invest Ltd Liability owns 450 shares. Prudential Public Limited Company invested 0% of its portfolio in Radian Group Inc. (NYSE:RDN). Samlyn Cap Ltd Company reported 162,875 shares or 0.08% of all its holdings. Hanseatic Mngmt Incorporated stated it has 44 shares or 0% of all its holdings.

Among 13 analysts covering Radian Group (NYSE:RDN), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Radian Group had 50 analyst reports since August 31, 2015 according to SRatingsIntel. The company was maintained on Monday, May 2 by Credit Suisse. BTIG Research maintained the stock with “Buy” rating in Wednesday, December 20 report. On Thursday, January 4 the stock rating was downgraded by FBR Capital to “Hold”. Barclays Capital maintained the shares of RDN in report on Wednesday, August 2 with “Outperform” rating. The firm earned “Buy” rating on Monday, September 4 by Keefe Bruyette & Woods. The firm has “Neutral” rating by B. Riley & Co given on Tuesday, April 10. As per Monday, November 2, the company rating was maintained by FBR Capital. BTIG Research maintained Radian Group Inc. (NYSE:RDN) rating on Thursday, February 1. BTIG Research has “Buy” rating and $26.0 target. Barclays Capital maintained Radian Group Inc. (NYSE:RDN) rating on Wednesday, April 11. Barclays Capital has “Overweight” rating and $28 target. The stock of Radian Group Inc. (NYSE:RDN) has “Buy” rating given on Monday, August 31 by M Partners.

Analysts await Radian Group Inc. (NYSE:RDN) to report earnings on August, 7. They expect $0.60 EPS, up 25.00% or $0.12 from last year’s $0.48 per share. RDN’s profit will be $128.78 million for 6.84 P/E if the $0.60 EPS becomes a reality. After $0.59 actual EPS reported by Radian Group Inc. for the previous quarter, Wall Street now forecasts 1.69% EPS growth.

Clearbridge Llc, which manages about $5.40 billion and $4.80B US Long portfolio, upped its stake in Icon Plc (NASDAQ:ICLR) by 14,700 shares to 60,300 shares, valued at $6.76 million in 2017Q4, according to the filing. It also increased its holding in Team Inc (NYSE:TISI) by 172,790 shares in the quarter, for a total of 760,120 shares, and has risen its stake in Foundation Bldg Matls Inc.

Radian Group Inc. (NYSE:RDN) Institutional Positions Chart

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