NINE MASTS CAPITAL Ltd acquired a new stake in shares of Canon Inc (NYSE:CAJ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 9,200 shares of the technology company’s stock, valued at approximately $343,000.
A number of other hedge funds also recently modified their holdings of the stock. Crossmark Global Holdings Inc. acquired a new stake in Canon in the third quarter worth about $5,102,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Canon by 13.1% during the third quarter. Parametric Portfolio Associates LLC now owns 843,481 shares of the technology company’s stock worth $28,948,000 after purchasing an additional 97,986 shares during the period. Regentatlantic Capital LLC raised its position in Canon by 135.5% during the fourth quarter. Regentatlantic Capital LLC now owns 120,999 shares of the technology company’s stock valued at $4,525,000 after acquiring an additional 69,620 shares in the last quarter. Aperio Group LLC raised its position in Canon by 3.8% during the fourth quarter. Aperio Group LLC now owns 1,460,518 shares of the technology company’s stock valued at $54,623,000 after acquiring an additional 53,965 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new position in Canon during the third quarter valued at approximately $1,453,000. 1.29% of the stock is currently owned by institutional investors.
Canon Inc (NYSE CAJ) opened at $38.18 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.50 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $50,510.00, a P/E ratio of 18.36, a P/E/G ratio of 2.12 and a beta of 0.60. Canon Inc has a 12-month low of $29.05 and a 12-month high of $40.67.
Canon Company Profile
Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory.
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