Meru Capital Group LP continued to hold its position in shares of Bitauto Holdings Limited (NYSE:BITA) during the fourth quarter, Holdings Channel reports. The firm owned 21,500 shares of the company’s stock at the end of the fourth quarter. Meru Capital Group LP’s holdings in Bitauto Holdings Limited were worth $407,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Bitauto Holdings Limited during the third quarter valued at about $112,000. Tower Research Capital LLC TRC raised its position in shares of Bitauto Holdings Limited by 140.6% in the third quarter. Tower Research Capital LLC TRC now owns 4,090 shares of the company’s stock valued at $119,000 after buying an additional 2,390 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Bitauto Holdings Limited by 6.3% in the third quarter. Penserra Capital Management LLC now owns 7,350 shares of the company’s stock valued at $213,000 after buying an additional 434 shares in the last quarter. BlackRock Inc. raised its position in shares of Bitauto Holdings Limited by 2.4% in the third quarter. BlackRock Inc. now owns 7,896 shares of the company’s stock valued at $229,000 after buying an additional 182 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Bitauto Holdings Limited by 61.5% in the second quarter. Public Employees Retirement System of Ohio now owns 8,400 shares of the company’s stock valued at $226,000 after buying an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 20.75% of the company’s stock.
Bitauto Holdings Limited (NYSE:BITA) traded down 2.21% during trading on Tuesday, reaching $19.93. The company’s stock had a trading volume of 510,495 shares. The stock’s market cap is $1.37 billion. Bitauto Holdings Limited has a 12 month low of $16.56 and a 12 month high of $33.16. The company’s 50-day moving average is $20.46 and its 200-day moving average is $24.07.
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Separately, Zacks Investment Research lowered Bitauto Holdings Limited from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $29.60.
About Bitauto Holdings Limited
Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.
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