Pomelo Capital Increases Position in Canadian Solar (Put) (CSIQ); Holder Indaba Capital Management LP Lifted New York Reit (NYRT) Stake

February 15, 2018 - By Peter Erickson

Philip Rosenstrach increased its stake in Canadian Solar Inc (Put) (CSIQ) by 57.31% based on its latest 2017Q3 regulatory filing with the SEC. Pomelo Capital Llc bought 457,200 shares as the company’s stock declined 8.07% while stock markets rallied. The hedge fund run by Philip Rosenstrach held 1.25 million shares of the semiconductors company at the end of 2017Q3, valued at $21.13 million, up from 797,700 at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Canadian Solar Inc (Put) for a number of months, seems to be bullish on the $915.29 million market cap company. The stock decreased 0.32% or $0.05 during the last trading session, reaching $15.78. About 457,736 shares traded. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 25.32% since February 15, 2017 and is downtrending. It has underperformed by 42.02% the S&P500.

Derek C. Schrier increased its stake in New York Reit Inc (NYRT) by 128.68% based on its latest 2017Q3 regulatory filing with the SEC. Indaba Capital Management Lp bought 3.89M shares as the company’s stock declined 12.85% while stock markets rallied. The hedge fund run by Derek C. Schrier held 6.91M shares of the consumer services company at the end of 2017Q3, valued at $54.23 million, up from 3.02 million at the end of the previous reported quarter. Indaba Capital Management Lp who had been investing in New York Reit Inc for a number of months, seems to be bullish on the $335.85 million market cap company. The stock increased 2.05% or $0.04 during the last trading session, reaching $1.99. About 1.60 million shares traded. New York REIT, Inc. (NYSE:NYRT) has declined 9.21% since February 15, 2017 and is downtrending. It has underperformed by 25.91% the S&P500.

Pomelo Capital Llc, which manages about $366.34M and $2.35 billion US Long portfolio, decreased its stake in Tenet Healthcare Corp (NYSE:THC) by 330,328 shares to 133,472 shares, valued at $2.19 million in 2017Q3, according to the filing. It also reduced its holding in Tesla Mtrs Inc (Prn) by 16.50 million shares in the quarter, leaving it with 10.00 million shares, and cut its stake in Cit Group Inc (NYSE:CIT).

Among 17 analysts covering Canadian Solar Inc. (NASDAQ:CSIQ), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. Canadian Solar Inc. had 42 analyst reports since August 19, 2015 according to SRatingsIntel. Axiom Capital downgraded Canadian Solar Inc. (NASDAQ:CSIQ) on Friday, December 15 to “Hold” rating. The firm has “Outperform” rating given on Wednesday, March 16 by Northland Capital. The firm has “Hold” rating given on Monday, September 18 by Cowen & Co. The firm has “Buy” rating given on Monday, August 14 by Oppenheimer. The firm has “Overweight” rating by Barclays Capital given on Monday, April 4. The company was initiated on Tuesday, August 25 by Cowen & Co. Standpoint Research upgraded the shares of CSIQ in report on Friday, August 21 to “Buy” rating. Stifel Nicolaus initiated the shares of CSIQ in report on Thursday, September 24 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, September 8 by Oppenheimer. FBR Capital initiated it with “Outperform” rating and $32.0 target in Friday, December 18 report.

Among 5 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. New York REIT had 9 analyst reports since October 9, 2015 according to SRatingsIntel. JMP Securities upgraded the shares of NYRT in report on Friday, October 9 to “Mkt Outperform” rating. The firm has “Buy” rating by Compass Point given on Thursday, June 30. The stock has “Hold” rating by SunTrust on Friday, November 3. The stock of New York REIT, Inc. (NYSE:NYRT) earned “Buy” rating by Compass Point on Friday, October 30. SunTrust maintained New York REIT, Inc. (NYSE:NYRT) rating on Wednesday, January 31. SunTrust has “Hold” rating and $3.0 target. The company was upgraded on Monday, November 16 by Evercore. On Friday, December 1 the stock rating was maintained by SunTrust with “Hold”.

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