New York State Common Retirement Fund Acquires New Stake in 51job, Inc. (JOBS)

New York State Common Retirement Fund acquired a new stake in shares of 51job, Inc. (NASDAQ:JOBS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,646 shares of the company’s stock, valued at approximately $834,000.

Several other institutional investors have also added to or reduced their stakes in JOBS. Acadian Asset Management LLC boosted its position in shares of 51job by 292.5% during the second quarter. Acadian Asset Management LLC now owns 419,773 shares of the company’s stock valued at $18,777,000 after buying an additional 312,819 shares during the last quarter. Morgan Stanley boosted its position in shares of 51job by 37.2% during the first quarter. Morgan Stanley now owns 355,089 shares of the company’s stock valued at $13,018,000 after buying an additional 96,329 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of 51job by 40.8% during the second quarter. Alliancebernstein L.P. now owns 327,217 shares of the company’s stock valued at $14,636,000 after buying an additional 94,850 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of 51job during the first quarter valued at $3,342,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 51job by 286.2% during the first quarter. Dimensional Fund Advisors LP now owns 89,629 shares of the company’s stock valued at $3,285,000 after buying an additional 66,423 shares during the last quarter. 39.83% of the stock is currently owned by institutional investors.

Separately, Macquarie raised 51job from a “neutral” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Friday, August 4th.

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Shares of 51job, Inc. (NASDAQ:JOBS) opened at $62.03 on Tuesday. The company has a current ratio of 4.57, a quick ratio of 4.57 and a debt-to-equity ratio of 0.24. 51job, Inc. has a 12-month low of $31.25 and a 12-month high of $65.85. The company has a market capitalization of $3,760.18, a price-to-earnings ratio of 34.59 and a beta of 1.28.

About 51job

51job, Inc is a holding company. The Company is a provider of integrated human resource services in China. The Company focuses on online recruitment advertising. The Company operates over three Websites, including www.51job.com, www.yingjiesheng.com and www.51jingying.com, which are utilized by a base of corporate employers, reach an audience of job seekers and aggregate job information from over 100 cities across China.

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Institutional Ownership by Quarter for 51job (NASDAQ:JOBS)

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