Cavalry Management Group LLC Buys Shares of 10,467 Hanwha Q Cells Co Ltd -ADR (HQCL)
Cavalry Management Group LLC bought a new position in Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) during the fourth quarter, HoldingsChannel reports. The firm bought 10,467 shares of the semiconductor company’s stock, valued at approximately $102,000. Hanwha Q Cells comprises about 0.0% of Cavalry Management Group LLC’s portfolio, making the stock its 20th biggest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Hanwha Q Cells in the 3rd quarter valued at about $193,000. Alpine Global Management LLC purchased a new stake in Hanwha Q Cells in the 3rd quarter valued at about $267,000. Finally, Kassirer Asset Management Corp purchased a new stake in Hanwha Q Cells in the 4th quarter valued at about $776,000. Institutional investors own 0.92% of the company’s stock.
Separately, BidaskClub lowered shares of Hanwha Q Cells from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.00.
Hanwha Q Cells Profile
Hanwha Q CELLS Co, Ltd., a solar energy company, develops, manufactures, and sells solar cells and photovoltaic (PV) modules in South Korea, the United States, Europe, Japan, Australia, the People's Republic of China, India, Turkey, and internationally. Its principal products include PV cells, PV modules, silicon ingots, and silicon wafers.
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