Public Employees Retirement System of Ohio trimmed its position in Bitauto Holdings Limited (NYSE:BITA) by 26.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,800 shares of the information services provider’s stock after selling 2,400 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Bitauto Holdings Limited were worth $196,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in shares of Bitauto Holdings Limited in the second quarter worth about $250,000. SG Americas Securities LLC increased its stake in Bitauto Holdings Limited by 9.6% during the second quarter. SG Americas Securities LLC now owns 11,409 shares of the information services provider’s stock worth $328,000 after acquiring an additional 999 shares during the last quarter. Penserra Capital Management LLC increased its stake in Bitauto Holdings Limited by 236.2% during the second quarter. Penserra Capital Management LLC now owns 40,331 shares of the information services provider’s stock worth $1,159,000 after acquiring an additional 28,336 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in Bitauto Holdings Limited during the second quarter worth approximately $1,584,000. Finally, California Public Employees Retirement System increased its stake in Bitauto Holdings Limited by 2.3% during the second quarter. California Public Employees Retirement System now owns 58,300 shares of the information services provider’s stock worth $1,676,000 after acquiring an additional 1,300 shares during the last quarter. 19.83% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on BITA shares. Zacks Investment Research raised Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub cut Bitauto Holdings Limited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th.
Bitauto Holdings Limited (NYSE:BITA) last announced its earnings results on Tuesday, August 15th. The information services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.05). Bitauto Holdings Limited had a negative net margin of 4.76% and a positive return on equity of 3.85%. The business had revenue of $320.20 million for the quarter, compared to analysts’ expectations of $282.86 million. During the same quarter last year, the firm earned $0.20 EPS. The firm’s quarterly revenue was up 52.9% on a year-over-year basis. equities analysts anticipate that Bitauto Holdings Limited will post -0.28 EPS for the current fiscal year.
About Bitauto Holdings Limited
Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.
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