eHi Car Services Limited (EHIC) Stake Reduced by Morgan Stanley
Morgan Stanley reduced its position in eHi Car Services Limited (NYSE:EHIC) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 568,451 shares of the company’s stock after selling 32,760 shares during the period. Morgan Stanley’s holdings in eHi Car Services Limited were worth $5,747,000 at the end of the most recent quarter.
Separately, 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 worth $1,359,000 after buying an additional 94,605 shares during the last quarter. 29.28% of the stock is currently owned by institutional investors and hedge funds.
Shares of eHi Car Services Limited (NYSE:EHIC) traded up 0.53% during midday trading on Monday, reaching $9.55. 27,040 shares of the company’s stock were exchanged. eHi Car Services Limited has a 12-month low of $8.11 and a 12-month high of $12.43. The stock has a market capitalization of $653.00 million, a P/E ratio of 65.86 and a beta of 0.42. The firm has a 50-day moving average of $9.82 and a 200-day moving average of $10.04.
eHi Car Services Limited (NYSE:EHIC) last released its quarterly earnings data on Monday, June 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $89.43 million during the quarter. eHi Car Services Limited had a net margin of 2.98% and a return on equity of 1.68%. Analysts anticipate that eHi Car Services Limited will post $0.31 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/07/ehi-car-services-limited-ehic-stake-reduced-by-morgan-stanley.html.
A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of eHi Car Services Limited from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. 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).
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.