Tuniu (NASDAQ:TOUR) announced its earnings results on Wednesday. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10), Morningstar.com reports. The company had revenue of $75.80 million during the quarter. Tuniu had a negative net margin of 11.90% and a negative return on equity of 1.18%. Tuniu updated its Q3 2019 guidance to EPS.
Shares of TOUR stock traded down $0.20 during trading hours on Thursday, hitting $3.18. 760 shares of the company’s stock were exchanged, compared to its average volume of 12,433. Tuniu has a 12-month low of $2.48 and a 12-month high of $8.08. The business’s 50 day simple moving average is $3.19 and its 200-day simple moving average is $3.96.
Several hedge funds have recently bought and sold shares of the business. Krane Funds Advisors LLC raised its stake in Tuniu by 9.4% during the 1st quarter. Krane Funds Advisors LLC now owns 578,253 shares of the technology company’s stock valued at $2,776,000 after purchasing an additional 49,530 shares during the period. Renaissance Technologies LLC raised its stake in Tuniu by 6.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,101,780 shares of the technology company’s stock valued at $3,559,000 after purchasing an additional 70,680 shares during the period. Morgan Stanley raised its stake in Tuniu by 174.4% during the 2nd quarter. Morgan Stanley now owns 599,325 shares of the technology company’s stock valued at $1,935,000 after purchasing an additional 380,893 shares during the period. Jane Street Group LLC acquired a new stake in Tuniu during the 2nd quarter valued at $139,000. Finally, Yiheng Capital LLC raised its stake in Tuniu by 2.2% during the 2nd quarter. Yiheng Capital LLC now owns 5,995,184 shares of the technology company’s stock valued at $19,364,000 after purchasing an additional 128,440 shares during the period. 14.16% of the stock is currently owned by hedge funds and other institutional investors.
Tuniu Company Profile
Tuniu Corporation operates as an online leisure travel company. The company offers a selection of packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets selling, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.
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