SG Americas Securities LLC Has $328,000 Stake in Bitauto Holdings Limited (BITA)
SG Americas Securities LLC lifted its stake in shares of Bitauto Holdings Limited (NYSE:BITA) by 9.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,409 shares of the information services provider’s stock after buying an additional 999 shares during the quarter. SG Americas Securities LLC’s holdings in Bitauto Holdings Limited were worth $328,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in BITA. First Trust Advisors LP boosted its holdings in Bitauto Holdings Limited by 3.6% in the second quarter. First Trust Advisors LP now owns 68,169 shares of the information services provider’s stock valued at $1,960,000 after purchasing an additional 2,396 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Bitauto Holdings Limited in the second quarter valued at approximately $250,000. Platinum Investment Management Ltd. acquired a new position in Bitauto Holdings Limited in the first quarter valued at approximately $14,677,000. Jane Street Group LLC acquired a new position in Bitauto Holdings Limited in the first quarter valued at approximately $315,000. Finally, UBS Group AG boosted its holdings in Bitauto Holdings Limited by 6,428.0% in the first quarter. UBS Group AG now owns 410,347 shares of the information services provider’s stock valued at $10,509,000 after purchasing an additional 404,061 shares in the last quarter. 19.66% of the stock is owned by institutional investors and hedge funds.
BITA has been the subject of a number of research analyst reports. Zacks Investment Research raised Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub downgraded Bitauto Holdings Limited from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Finally, ValuEngine raised Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.
Bitauto Holdings Limited (NYSE:BITA) opened at 44.30 on Friday. The firm’s market capitalization is $3.09 billion. Bitauto Holdings Limited has a one year low of $16.56 and a one year high of $44.78. The company has a 50-day moving average price of $36.30 and a 200-day moving average price of $29.60.
Bitauto Holdings Limited (NYSE:BITA) last posted its quarterly earnings data on Tuesday, August 15th. The information services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.05). Bitauto Holdings Limited had a positive return on equity of 3.85% and a negative net margin of 4.76%. The business had revenue of $320.20 million for the quarter, compared to analysts’ expectations of $282.86 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Bitauto Holdings Limited’s revenue for the quarter was up 52.9% compared to the same quarter last year. On average, equities research analysts anticipate that Bitauto Holdings Limited will post $1.17 EPS for the current year.
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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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