California Public Employees Retirement System Has $831,000 Holdings in eHi Car Services Limited (EHIC)

California Public Employees Retirement System continued to hold its stake in eHi Car Services Limited (NYSE:EHIC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,300 shares of the company’s stock at the end of the second quarter. California Public Employees Retirement System owned approximately 0.12% of eHi Car Services Limited worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in eHi Car Services Limited 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 buying an additional 52,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in eHi Car Services Limited by 237.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 134,388 shares of the company’s stock worth $1,359,000 after buying an additional 94,605 shares in the last quarter. Finally, Renaissance Group LLC acquired a new position in eHi Car Services Limited in the 2nd quarter worth $431,000. Hedge funds and other institutional investors own 28.50% of the company’s stock.

eHi Car Services Limited (NYSE EHIC) opened at $10.71 on Wednesday. eHi Car Services Limited has a 1-year low of $8.11 and a 1-year high of $12.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.27 and a quick ratio of 1.93. The company has a market cap of $753.32, a price-to-earnings ratio of 54.25 and a beta of 0.53.

eHi Car Services Limited (NYSE:EHIC) last released its earnings results on Monday, August 28th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $94.37 million during the quarter. eHi Car Services Limited had a net margin of 4.05% and a return on equity of 2.41%. equities analysts expect that eHi Car Services Limited will post 0.34 earnings per share for the current fiscal year.

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A number of brokerages have commented on EHIC. Zacks Investment Research lowered shares of eHi Car Services Limited from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. ValuEngine upgraded shares of eHi Car Services Limited from a “sell” rating to a “hold” rating in a report on Friday, September 1st.

eHi Car Services Limited 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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Institutional Ownership by Quarter for eHi Car Services Limited (NYSE:EHIC)

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