Athos Capital Ltd Takes Position in iKang Healthcare Group, Inc. (NASDAQ:KANG)
Athos Capital Ltd purchased a new position in shares of iKang Healthcare Group, Inc. (NASDAQ:KANG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 702,708 shares of the medical research company’s stock, valued at approximately $8,622,000. iKang Healthcare Group makes up about 5.0% of Athos Capital Ltd’s investment portfolio, making the stock its 5th largest position.
Separately, First Manhattan Co. boosted its position in shares of iKang Healthcare Group by 101.7% in the second quarter. First Manhattan Co. now owns 1,040,043 shares of the medical research company’s stock worth $12,761,000 after buying an additional 524,318 shares during the period. 30.57% of the stock is currently owned by hedge funds and other institutional investors.
iKang Healthcare Group, Inc. (NASDAQ KANG) opened at 14.10 on Thursday. The stock’s market capitalization is $910.16 million. The company’s 50-day moving average is $12.65 and its 200-day moving average is $14.67. iKang Healthcare Group, Inc. has a 12 month low of $11.70 and a 12 month high of $19.20.
iKang Healthcare Group (NASDAQ:KANG) last released its quarterly earnings data on Thursday, June 22nd. The medical research company reported ($0.49) earnings per share for the quarter. iKang Healthcare Group had a negative return on equity of 3.19% and a negative net margin of 2.58%. The business had revenue of $60.16 million during the quarter. Equities research analysts forecast that iKang Healthcare Group, Inc. will post $0.65 EPS for the current year.
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Separately, BidaskClub raised shares of iKang Healthcare Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th.
iKang Healthcare Group Company Profile
iKang Healthcare Group, Inc provides preventive healthcare solutions, including a range of medical examinations services and value-added services, including disease screening, dental services and other services in China. The Company’s segments include medical examinations and other medical services, and dental services.
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