FNY Investment Advisers LLC Acquires New Holdings in Canon Inc (CAJ)

FNY Investment Advisers LLC acquired a new position in shares of Canon Inc (NYSE:CAJ) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,000 shares of the technology company’s stock, valued at approximately $203,000.

Several other hedge funds have also made changes to their positions in CAJ. Rhumbline Advisers bought a new position in Canon in the 3rd quarter valued at about $229,000. Credit Suisse AG grew its position in Canon by 74.4% in the 3rd quarter. Credit Suisse AG now owns 39,414 shares of the technology company’s stock valued at $1,247,000 after buying an additional 16,817 shares in the last quarter. LPL Financial LLC bought a new position in Canon in the 3rd quarter valued at about $215,000. Morgan Stanley grew its position in Canon by 11.0% in the 3rd quarter. Morgan Stanley now owns 167,479 shares of the technology company’s stock valued at $5,301,000 after buying an additional 16,532 shares in the last quarter. Finally, Moody National Bank Trust Division grew its position in Canon by 10.4% in the 4th quarter. Moody National Bank Trust Division now owns 3,865 shares of the technology company’s stock valued at $106,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 1.19% of the company’s stock.

NYSE CAJ traded down $0.04 on Friday, reaching $27.71. The company’s stock had a trading volume of 361,744 shares, compared to its average volume of 368,281. Canon Inc has a twelve month low of $26.36 and a twelve month high of $34.78. The company has a current ratio of 1.92, a quick ratio of 1.28 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $29.92 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 3.75 and a beta of 0.56.

A number of equities analysts recently issued reports on CAJ shares. Zacks Investment Research lowered shares of Canon from a “hold” rating to a “strong sell” rating in a research report on Friday, January 18th. ValuEngine lowered shares of Canon from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Goldman Sachs Group upgraded shares of Canon from a “sell” rating to a “neutral” rating in a research report on Thursday, February 21st. Finally, Morgan Stanley upgraded shares of Canon from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold”.

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Canon Company Profile

Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.

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Institutional Ownership by Quarter for Canon (NYSE:CAJ)

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