California Public Employees Retirement System Has $531,000 Holdings in Tuniu Corporation (TOUR)
California Public Employees Retirement System maintained its position in Tuniu Corporation (NASDAQ:TOUR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,089 shares of the technology company’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned about 0.07% of Tuniu Corporation worth $531,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Stevens Capital Management LP lifted its holdings in shares of Tuniu Corporation by 1.3% during the 2nd quarter. Stevens Capital Management LP now owns 14,559 shares of the technology company’s stock worth $117,000 after acquiring an additional 183 shares during the last quarter. Trexquant Investment LP lifted its stake in Tuniu Corporation by 5.0% in the second quarter. Trexquant Investment LP now owns 14,054 shares of the technology company’s stock worth $113,000 after purchasing an additional 673 shares during the last quarter. Profund Advisors LLC lifted its stake in Tuniu Corporation by 40.7% in the second quarter. Profund Advisors LLC now owns 16,748 shares of the technology company’s stock worth $134,000 after purchasing an additional 4,848 shares during the last quarter. Hikari Power Ltd bought a new stake in Tuniu Corporation in the second quarter worth $189,000. Finally, Bank of Montreal Can lifted its stake in Tuniu Corporation by 317.6% in the second quarter. Bank of Montreal Can now owns 55,978 shares of the technology company’s stock worth $450,000 after purchasing an additional 42,573 shares during the last quarter.
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Shares of Tuniu Corporation (NASDAQ TOUR) opened at $9.35 on Wednesday. Tuniu Corporation has a one year low of $6.69 and a one year high of $9.88.
Tuniu Corporation (NASDAQ:TOUR) last posted its quarterly earnings results on Wednesday, August 16th. The technology company reported ($0.25) earnings per share for the quarter, hitting the consensus estimate of ($0.25). The business had revenue of $460.10 million during the quarter, compared to the consensus estimate of $455.05 million. Tuniu Corporation had a negative net margin of 23.64% and a negative return on equity of 34.20%. The firm’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($6.06) earnings per share.
Several analysts have weighed in on TOUR shares. BidaskClub raised shares of Tuniu Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Credit Suisse Group started coverage on shares of Tuniu Corporation in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $11.00 price target for the company.
About Tuniu Corporation
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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