eHi Car Services Limited (EHIC) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS
eHi Car Services Limited (NYSE:EHIC) announced its quarterly earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01, Morningstar.com reports. eHi Car Services Limited had a net margin of 2.98% and a return on equity of 1.68%.
Shares of eHi Car Services Limited (NYSE:EHIC) traded down 0.11% during mid-day trading on Monday, hitting $9.02. 10,999 shares of the stock were exchanged. The stock’s 50 day moving average price is $9.51 and its 200-day moving average price is $9.94. The stock has a market capitalization of $616.76 million, a P/E ratio of 61.36 and a beta of 0.42. eHi Car Services Limited has a 12-month low of $8.11 and a 12-month high of $11.49.
Several large investors have recently added to or reduced their stakes in the company. Columbia Pacific Advisors LLC increased its position in eHi Car Services Limited by 0.3% in the first quarter. Columbia Pacific Advisors LLC now owns 50,643 shares of the company’s stock worth $512,000 after buying an additional 154 shares in the last quarter. Symmetry Peak Management LLC purchased a new position in eHi Car Services Limited during the first quarter worth $127,000. Parametric Portfolio Associates LLC purchased a new position in eHi Car Services Limited during the second quarter worth $186,000. Dimensional Fund Advisors LP increased its position in eHi Car Services Limited by 28.1% in the second quarter. Dimensional Fund Advisors LP now owns 172,147 shares of the company’s stock worth $1,718,000 after buying an additional 37,759 shares in the last quarter. Finally, Renaissance Group LLC purchased a new position in eHi Car Services Limited during the second quarter worth $431,000. 28.48% of the stock is currently owned by hedge funds and other institutional investors.
EHIC has been the subject of a number of research analyst reports. ValuEngine raised shares of eHi Car Services Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of eHi Car Services Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd.
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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.
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