Ehi Car Services Ltd (EHIC) Stake Lessened by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. lessened its stake in Ehi Car Services Ltd (NYSE:EHIC) by 75.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,599 shares of the company’s stock after selling 57,351 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Ehi Car Services were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of EHIC. City Financial Investment Co Ltd acquired a new position in Ehi Car Services during the third quarter worth $3,826,000. Alliancebernstein L.P. acquired a new position in Ehi Car Services during the third quarter worth $908,000. Public Employees Retirement System of Ohio boosted its stake in Ehi Car Services by 2,199.0% during the second quarter. Public Employees Retirement System of Ohio now owns 234,500 shares of the company’s stock worth $3,039,000 after buying an additional 224,300 shares during the last quarter. Millennium Management LLC boosted its stake in Ehi Car Services by 450.3% during the second quarter. Millennium Management LLC now owns 151,796 shares of the company’s stock worth $1,967,000 after buying an additional 124,211 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in Ehi Car Services in the second quarter valued at $4,915,000. 23.40% of the stock is owned by hedge funds and other institutional investors.

NYSE:EHIC opened at $10.70 on Friday. Ehi Car Services Ltd has a 52 week low of $9.30 and a 52 week high of $14.65.

Separately, ValuEngine downgraded Ehi Car Services from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th.

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Ehi Car Services Profile

eHi Car Services Limited, through its subsidiaries, provides car rental and car services to individuals, and corporate and institutional clients in the People's Republic of China. The company offers self-drive car rental services; and chauffeured car services, including airport pickup and drop-off, inter-office transfers, and other business transportation services, as well as event-driven activities, such as conventions, promotional tours, and special events.

See Also: Hedge Funds

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

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