Allianz Asset Management AG bought a new stake in shares of Trina Solar Limited (NYSE:TSL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm bought 35,248 shares of the company’s stock, valued at approximately $328,000.
Several other institutional investors have also recently bought and sold shares of TSL. BNP Paribas Arbitrage SA boosted its position in Trina Solar Limited by 35.1% in the third quarter. BNP Paribas Arbitrage SA now owns 64,766 shares of the company’s stock valued at $663,000 after buying an additional 16,815 shares in the last quarter. Kassirer Asset Management Corp purchased a new position in Trina Solar Limited during the third quarter valued at about $826,000. Top Ace Asset Management Ltd boosted its position in Trina Solar Limited by 158.6% in the third quarter. Top Ace Asset Management Ltd now owns 1,280,000 shares of the company’s stock valued at $13,107,000 after buying an additional 784,950 shares in the last quarter. Profund Advisors LLC boosted its position in Trina Solar Limited by 7.1% in the third quarter. Profund Advisors LLC now owns 70,752 shares of the company’s stock valued at $725,000 after buying an additional 4,688 shares in the last quarter. Finally, KCG Holdings Inc. boosted its position in Trina Solar Limited by 500.8% in the third quarter. KCG Holdings Inc. now owns 77,453 shares of the company’s stock valued at $793,000 after buying an additional 64,561 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.
Trina Solar Limited (NYSE:TSL) opened at 11.54 on Monday. Trina Solar Limited has a 52-week low of $6.91 and a 52-week high of $11.54. The firm’s 50-day moving average is $10.39 and its 200-day moving average is $10.16.
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TSL has been the subject of several analyst reports. Axiom Securities reiterated a “sell” rating on shares of Trina Solar Limited in a research note on Friday, December 9th. Zacks Investment Research cut shares of Trina Solar Limited from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.78.
Trina Solar Limited 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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