Matthews International Capital Management LLC Has $11.64 Million Holdings in 51job, Inc. (JOBS)
Matthews International Capital Management LLC boosted its stake in 51job, Inc. (NASDAQ:JOBS) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,500 shares of the company’s stock after purchasing an additional 13,900 shares during the quarter. 51job makes up 0.5% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Matthews International Capital Management LLC’s holdings in 51job were worth $11,643,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of JOBS. Quadrant Capital Group LLC purchased a new position in shares of 51job in the 4th quarter valued at about $59,000. NumerixS Investment Technologies Inc acquired a new position in shares of 51job during the 4th quarter worth approximately $142,000. Advisors Asset Management Inc. lifted its holdings in 51job by 18.1% in the fourth quarter. Advisors Asset Management Inc. now owns 2,365 shares of the company’s stock valued at $148,000 after acquiring an additional 362 shares during the last quarter. SG Americas Securities LLC acquired a new position in 51job in the first quarter valued at approximately $305,000. Finally, Segantii Capital Management Ltd acquired a new position in 51job in the first quarter valued at approximately $400,000. Institutional investors and hedge funds own 43.03% of the company’s stock.
A number of research analysts recently commented on JOBS shares. BidaskClub upgraded 51job from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Macquarie cut 51job from an “outperform” rating to a “neutral” rating in a report on Friday, March 1st. Finally, Citigroup lowered 51job from a “buy” rating to a “neutral” rating in a research report on Monday.
51job (NASDAQ:JOBS) last announced its earnings results on Thursday, February 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.25. The company had revenue of $162.97 million for the quarter. 51job had a return on equity of 20.11% and a net margin of 37.97%.
51job, Inc, through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company offers online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, 51jingying.com, and lagou.com; and mobile applications that enable job seekers to access their accounts through mobile devices and utilize functions available on their Websites.
Read More: Cost of Debt
Want to see what other hedge funds are holding JOBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 51job, Inc. (NASDAQ:JOBS).
Receive News & Ratings for 51job Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 51job and related companies with MarketBeat.com's FREE daily email newsletter.