Yiheng Capital LLC Purchases 219,323 Shares of Tuniu Corporation (TOUR)
Yiheng Capital LLC raised its position in shares of Tuniu Corporation (NASDAQ:TOUR) by 22.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,178,365 shares of the technology company’s stock after purchasing an additional 219,323 shares during the quarter. Tuniu Corporation makes up approximately 3.3% of Yiheng Capital LLC’s investment portfolio, making the stock its 9th largest holding. Yiheng Capital LLC owned approximately 1.26% of Tuniu Corporation worth $9,462,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in TOUR. Stevens Capital Management LP bought a new position in Tuniu Corporation during the 1st quarter worth approximately $126,000. Renaissance Technologies LLC acquired a new position in shares of Tuniu Corporation in the 1st quarter worth approximately $741,000. Morgan Stanley lifted its position in shares of Tuniu Corporation by 57.3% in the 1st quarter. Morgan Stanley now owns 1,650,469 shares of the technology company’s stock worth $14,458,000 after purchasing an additional 601,046 shares during the period. Laurion Capital Management LP acquired a new position in shares of Tuniu Corporation in the 2nd quarter worth approximately $2,023,000. Finally, BT Investment Management Ltd acquired a new position in shares of Tuniu Corporation in the 2nd quarter worth approximately $802,000.
Shares of Tuniu Corporation (NASDAQ:TOUR) traded down 1.25% during mid-day trading on Wednesday, reaching $7.87. 56,089 shares of the company’s stock were exchanged. The stock’s market cap is $734.56 million. Tuniu Corporation has a one year low of $6.73 and a one year high of $10.42. The company has a 50 day moving average price of $7.57 and a 200-day moving average price of $8.02.
Tuniu Corporation (NASDAQ:TOUR) last issued its quarterly earnings data on Wednesday, August 16th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.25). Tuniu Corporation had a negative net margin of 23.64% and a negative return on equity of 34.20%. The business had revenue of $460.10 million for the quarter, compared to the consensus estimate of $455.05 million. During the same period in the previous year, the firm earned ($6.06) EPS. The company’s quarterly revenue was up 51.9% compared to the same quarter last year. On average, analysts predict that Tuniu Corporation will post ($0.76) EPS for the current year.
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Separately, BidaskClub lowered shares of Tuniu Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th.
Tuniu Corporation Profile
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.
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