Tuniu (TOUR) Issues Earnings Results

Tuniu (NASDAQ:TOUR) issued its quarterly earnings data on Wednesday. The technology company reported ($0.15) earnings per share for the quarter, Morningstar.com reports. Tuniu had a negative net margin of 29.69% and a negative return on equity of 22.38%.

Shares of Tuniu (NASDAQ TOUR) traded down $0.43 during trading on Wednesday, reaching $7.30. 260,881 shares of the company were exchanged, compared to its average volume of 162,523. The company has a market capitalization of $987.05, a P/E ratio of -5.48 and a beta of 1.42. Tuniu has a 12 month low of $6.69 and a 12 month high of $9.88.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PEAK6 Investments L.P. bought a new position in Tuniu in the third quarter worth approximately $156,000. Virtu Financial LLC raised its position in Tuniu by 137.0% in the fourth quarter. Virtu Financial LLC now owns 29,164 shares of the technology company’s stock worth $224,000 after acquiring an additional 16,857 shares during the period. Susquehanna International Group LLP raised its position in Tuniu by 205.4% in the third quarter. Susquehanna International Group LLP now owns 29,934 shares of the technology company’s stock worth $234,000 after acquiring an additional 58,334 shares during the period. Trexquant Investment LP raised its position in Tuniu by 113.5% in the third quarter. Trexquant Investment LP now owns 30,008 shares of the technology company’s stock worth $235,000 after acquiring an additional 15,954 shares during the period. Finally, Driehaus Capital Management LLC bought a new position in Tuniu in the fourth quarter worth approximately $303,000.

Separately, BidaskClub downgraded shares of Tuniu from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th.

Tuniu declared that its Board of Directors has authorized a share buyback plan on Friday, January 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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About Tuniu

Tuniu Corporation is an online leisure travel company. The Company offers a selection of packaged tours, including organized tours and self-guided tours, as well as travel-related services for leisure travelers. Its online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.

Earnings History for Tuniu (NASDAQ:TOUR)

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