California Public Employees Retirement System continued to hold its stake in eHi Car Services Limited (NYSE:EHIC) during the first quarter, Holdings Channel reports. The fund owned 83,300 shares of the company’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in eHi Car Services Limited were worth $842,000 as of its most recent SEC filing.
Separately, Renaissance Technologies LLC increased its stake in eHi Car Services Limited by 310.9% in the fourth quarter. Renaissance Technologies LLC now owns 108,900 shares of the company’s stock worth $987,000 after buying an additional 82,400 shares during the period. 29.35% of the stock is owned by hedge funds and other institutional investors.
Shares of eHi Car Services Limited (NYSE EHIC) traded up 1.20% on Wednesday, hitting $9.28. The company’s stock had a trading volume of 70,613 shares. The stock’s 50 day moving average price is $9.66 and its 200 day moving average price is $9.99. The stock has a market capitalization of $634.54 million, a P/E ratio of 63.56 and a beta of 0.42. eHi Car Services Limited has a 52 week low of $8.11 and a 52 week high of $12.43.
eHi Car Services Limited (NYSE:EHIC) last announced its quarterly earnings data on Monday, June 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. eHi Car Services Limited had a return on equity of 1.68% and a net margin of 2.98%. The business had revenue of $89.43 million during the quarter. On average, analysts forecast that eHi Car Services Limited will post $0.31 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on the company. ValuEngine raised eHi Car Services Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised 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.
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