California Public Employees Retirement System lowered its stake in shares of China XD Plastics Company Limited (NASDAQ:CXDC) by 4.1% during the first quarter, Holdings Channel reports. The firm owned 222,100 shares of the basic materials company’s stock after selling 9,600 shares during the period. California Public Employees Retirement System’s holdings in China XD Plastics Company Limited were worth $1,088,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. bought a new position in shares of China XD Plastics Company Limited during the first quarter valued at approximately $194,000. Stuyvesant Capital Management increased its position in shares of China XD Plastics Company Limited by 2.8% in the first quarter. Stuyvesant Capital Management now owns 112,222 shares of the basic materials company’s stock valued at $544,000 after buying an additional 3,072 shares during the period. Renaissance Technologies LLC increased its position in shares of China XD Plastics Company Limited by 1.1% in the fourth quarter. Renaissance Technologies LLC now owns 610,900 shares of the basic materials company’s stock valued at $2,444,000 after buying an additional 6,500 shares during the period. Finally, Stifel Financial Corp increased its position in shares of China XD Plastics Company Limited by 1.5% in the first quarter. Stifel Financial Corp now owns 1,422,669 shares of the basic materials company’s stock valued at $6,878,000 after buying an additional 21,260 shares during the period. Institutional investors own 11.38% of the company’s stock.

Shares of China XD Plastics Company Limited (CXDC) traded down 2.17% during trading on Friday, reaching $4.50. The company’s stock had a trading volume of 10,025 shares. The stock’s 50 day moving average price is $4.68 and its 200 day moving average price is $4.65. China XD Plastics Company Limited has a 52 week low of $3.85 and a 52 week high of $5.88. The company has a market cap of $222.80 million, a PE ratio of 2.97 and a beta of 2.46.

China XD Plastics Company Limited (NASDAQ:CXDC) last posted its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.43 earnings per share for the quarter. The firm had revenue of $313.56 million for the quarter. China XD Plastics Company Limited had a return on equity of 16.31% and a net margin of 7.52%. Equities research analysts predict that China XD Plastics Company Limited will post $1.73 EPS for the current year.

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Separately, ValuEngine downgraded China XD Plastics Company Limited from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.

About China XD Plastics Company Limited

China XD Plastics Company Limited (China XD) is a specialty chemical company. The Company is engaged in the research, development, manufacture and sale of modified plastics for automotive applications in China and to a lesser extent, in Dubai, the United Arab Emirates (UAE). The Company operates in the modified plastics segment.

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Institutional Ownership by Quarter for China XD Plastics Company Limited (NASDAQ:CXDC)

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