Matthews International Capital Management LLC Cuts Stake in eHi Car Services Limited (EHIC)

Matthews International Capital Management LLC lowered its position in eHi Car Services Limited (NYSE:EHIC) by 11.7% during the fourth quarter, Holdings Channel reports. The fund owned 680,935 shares of the company’s stock after selling 90,500 shares during the period. eHi Car Services Limited comprises 0.3% of Matthews International Capital Management LLC’s holdings, making the stock its 23rd largest position. Matthews International Capital Management LLC owned 1.00% of eHi Car Services Limited worth $6,169,000 as of its most recent SEC filing.

Separately, Dimensional Fund Advisors LP purchased a new stake in shares of eHi Car Services Limited during the fourth quarter valued at approximately $360,000. 28.54% of the stock is currently owned by institutional investors.

Shares of eHi Car Services Limited (NYSE:EHIC) traded up 2.56% during midday trading on Monday, hitting $10.42. 62,252 shares of the company traded hands. The stock has a market capitalization of $712.49 million, a P/E ratio of 694.67 and a beta of 0.47. The stock’s 50-day moving average is $9.85 and its 200 day moving average is $10.26. eHi Car Services Limited has a 12-month low of $8.11 and a 12-month high of $13.92.

eHi Car Services Limited (NYSE:EHIC) last posted its earnings results on Wednesday, November 16th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. eHi Car Services Limited had a net margin of 0.33% and a return on equity of 0.16%. On average, analysts expect that eHi Car Services Limited will post $0.06 earnings per share for the current year.

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Separately, Zacks Investment Research upgraded shares of eHi Car Services Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, December 14th.

eHi Car Services Limited Company Profile

eHi Car Services Limited, formerly Prudent Choice International Limited, is a holding company. The Company is engaged in car rentals and car services. The Company provides self-drive car rental services to both individual customers, as well as corporate and institutional clients to meet travel, leisure, business and ground transportation needs.

5 Day Chart for NYSE:EHIC

Want to see what other hedge funds are holding EHIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eHi Car Services Limited (NYSE:EHIC).

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