Yiheng Capital LLC boosted its stake in shares of eHi Car Services Limited (NYSE:EHIC) by 0.2% during the first quarter, Holdings Channel reports. The fund owned 2,209,027 shares of the company’s stock after buying an additional 4,600 shares during the period. eHi Car Services Limited comprises approximately 9.3% of Yiheng Capital LLC’s holdings, making the stock its 5th largest position. Yiheng Capital LLC’s holdings in eHi Car Services Limited were worth $22,333,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of eHi Car Services Limited by 310.9% in the fourth quarter. Renaissance Technologies LLC now owns 108,900 shares of the company’s stock valued at $987,000 after buying an additional 82,400 shares in the last quarter. Symmetry Peak Management LLC bought a new stake in shares of eHi Car Services Limited during the first quarter valued at about $127,000. Dimensional Fund Advisors LP increased its stake in shares of eHi Car Services Limited by 237.8% in the first quarter. Dimensional Fund Advisors LP now owns 134,388 shares of the company’s stock valued at $1,359,000 after buying an additional 94,605 shares in the last quarter. Finally, State Street Corp increased its stake in shares of eHi Car Services Limited by 33.2% in the fourth quarter. State Street Corp now owns 52,500 shares of the company’s stock valued at $476,000 after buying an additional 13,100 shares in the last quarter. 29.28% of the stock is owned by hedge funds and other institutional investors.
Shares of eHi Car Services Limited (NYSE EHIC) traded up 0.20% during midday trading on Monday, hitting $10.01. 33,538 shares of the stock traded hands. The stock has a market capitalization of $684.45 million, a P/E ratio of 70.00 and a beta of 0.44. The firm has a 50-day moving average price of $10.02 and a 200-day moving average price of $10.00. eHi Car Services Limited has a 52 week low of $8.11 and a 52 week high of $12.43.
eHi Car Services Limited (NYSE:EHIC) last released its earnings results on Monday, June 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. eHi Car Services Limited had a net margin of 2.98% and a return on equity of 1.68%. The company had revenue of $89.43 million for the quarter. On average, equities analysts predict that eHi Car Services Limited will post $0.31 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on EHIC. ValuEngine raised shares of eHi Car Services Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of eHi Car Services Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd.
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.
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).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/ehi-car-services-limited-ehic-stake-raised-by-yiheng-capital-llc/1922650.html
Receive News & Ratings for eHi Car Services Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eHi Car Services Limited and related companies with MarketBeat.com's FREE daily email newsletter.