Dimensional Fund Advisors LP Has $1.72 Million Stake in eHi Car Services Limited (EHIC)
Dimensional Fund Advisors LP grew its stake in shares of eHi Car Services Limited (NYSE:EHIC) by 28.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,147 shares of the company’s stock after purchasing an additional 37,759 shares during the period. Dimensional Fund Advisors LP owned about 0.25% of eHi Car Services worth $1,718,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of EHIC. Parametric Portfolio Associates LLC acquired a new position in eHi Car Services in the 2nd quarter worth about $186,000. Renaissance Group LLC acquired a new position in eHi Car Services in the 2nd quarter worth about $431,000. Finally, Renaissance Technologies LLC increased its position in eHi Car Services by 47.8% in the 1st quarter. Renaissance Technologies LLC now owns 160,900 shares of the company’s stock worth $1,627,000 after purchasing an additional 52,000 shares during the last quarter. 28.09% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on EHIC shares. ValuEngine upgraded eHi Car Services from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded eHi Car Services from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th.
Shares of eHi Car Services Limited (NYSE:EHIC) opened at $11.48 on Thursday. The stock has a market capitalization of $831.08, a PE ratio of 59.85 and a beta of 0.53. eHi Car Services Limited has a 52 week low of $8.11 and a 52 week high of $12.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.93 and a current ratio of 1.27.
eHi Car Services (NYSE:EHIC) last announced its earnings results on Monday, August 28th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. eHi Car Services had a return on equity of 2.41% and a net margin of 4.05%. The firm had revenue of $94.37 million during the quarter. research analysts expect that eHi Car Services Limited will post 0.34 earnings per share for the current year.
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eHi Car Services 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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