The fund bought 380,798 shares of the company's stock valued at approximately $784,000. The fund purchased 380,798 of the company stock valued at $784,000. Banco BTG Pactual S.A. held about 0.22% in Canaan at the time of its latest filing with Securities and Exchange Commission.
Other institutional investors and hedge fund have recently increased or decreased their stakes. UBS Group AG increased its Canaan holdings by 434.1% during the fourth quarter. UBS Group AG owns 26,301 of the company stock, worth $54,000. This is after buying an additional 21,377 during the last quarter. Ieq Capital LLC purchased a stake in Canaan worth $54,000 in the fourth quarter. Profund Advisors LLC increased its Canaan holdings by 80.5% during the fourth quarter. Profund Advisors LLC owns 20,115 of the company stock, worth $41,000. This is after buying an additional 8,973 during the last quarter. BNP Paribas Arbitrage SNC purchased a new position of shares in Canaan worth about $163,000 during the third quarter. State Street Corp increased its shares of Canaan during the third-quarter by 3.0%. State Street Corp owns 1,279 936 shares of Canaan's stock, worth $4,198,000, after purchasing an additional 37 874 shares in the last quarter. During trading hours, the stock fell by $0.02 to $2.47. The company's stock was traded at 349,459, as opposed to the average of 2,215.115. Canaan Inc.'s 52-week low is $1.87, and its 52-week high is $4.54. The stock's market capitalization is $423.61m, with a P/E of 4.08 and beta of 3.23. The company has a 50-day moving price of $2.70, and a 200 day moving price of 2.74.
The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by $0.19. The company's ($0.38) earnings per share for the quarter fell short of analysts' expectations ($0.19), by ($0.19). Revenue for the quarter was $56.83m, which is higher than analyst expectations of $43.50m. Canaan's return on equity was 15.51%, and its net margin was 16.12%. Research analysts predict that Canaan Inc. is expected to post a -0.45 earnings per share for the current fiscal period.
Canaan Company Profile
Canaan Inc is a company that specializes in the design, manufacture, and distribution of final mining equipment integrated circuits (ICs) by integrating ICs for bitcoin mining, as well as related components, primarily in China. It also involves in the assembly and distributor of mining equipment and spares parts.
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