Pictet Asset Management Ltd. Purchases New Holdings in eHi Car Services Limited (EHIC)
Pictet Asset Management Ltd. purchased a new stake in eHi Car Services Limited (NYSE:EHIC) during the third quarter, according to its most recent filing with the SEC. The fund purchased 24,600 shares of the company’s stock, valued at approximately $241,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EHIC. Dimensional Fund Advisors LP increased its holdings in eHi Car Services Limited by 237.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 134,388 shares of the company’s stock valued at $1,359,000 after acquiring an additional 94,605 shares during the last quarter. Renaissance Technologies LLC increased its holdings in eHi Car Services Limited by 47.8% in the 1st quarter. Renaissance Technologies LLC now owns 160,900 shares of the company’s stock valued at $1,627,000 after acquiring an additional 52,000 shares during the last quarter. Renaissance Group LLC bought a new stake in eHi Car Services Limited in the 2nd quarter valued at $431,000. Parametric Portfolio Associates LLC bought a new stake in eHi Car Services Limited in the 2nd quarter valued at $186,000. Finally, Yiheng Capital LLC grew its stake in shares of eHi Car Services Limited by 14.9% in the 2nd quarter. Yiheng Capital LLC now owns 2,538,097 shares of the company’s stock worth $25,330,000 after buying an additional 329,070 shares in the last quarter. Institutional investors own 28.50% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of eHi Car Services Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. ValuEngine raised shares of eHi Car Services Limited from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
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eHi Car Services Limited (NYSE EHIC) opened at $10.71 on Wednesday. eHi Car Services Limited has a 52 week low of $8.11 and a 52 week high of $12.50. The company has a market cap of $753.32, a price-to-earnings ratio of 54.25 and a beta of 0.53. The company has a quick ratio of 1.93, a current ratio of 1.27 and a debt-to-equity ratio of 0.59.
eHi Car Services Limited (NYSE:EHIC) last issued its quarterly earnings data on Monday, August 28th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. eHi Car Services Limited had a net margin of 4.05% and a return on equity of 2.41%. The business had revenue of $94.37 million during the quarter. sell-side analysts anticipate that eHi Car Services Limited will post 0.34 earnings per share for the current fiscal year.
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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