Cavalier Investments LLC Invests $1.40 Million in 51job, Inc. (JOBS) Stock
Cavalier Investments LLC acquired a new stake in 51job, Inc. (NASDAQ:JOBS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,050 shares of the company’s stock, valued at approximately $1,397,000.
Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in 51job by 520.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 42,832 shares of the company’s stock valued at $1,570,000 after buying an additional 35,932 shares during the last quarter. Morgan Stanley boosted its position in 51job by 37.2% in the 1st quarter. Morgan Stanley now owns 355,089 shares of the company’s stock valued at $13,018,000 after buying an additional 96,329 shares during the last quarter. Ameriprise Financial Inc. boosted its position in 51job by 15.4% in the 1st quarter. Ameriprise Financial Inc. now owns 25,258 shares of the company’s stock valued at $926,000 after buying an additional 3,369 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in 51job by 77.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,542 shares of the company’s stock valued at $4,095,000 after buying an additional 40,033 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of 51job by 19.6% during the second quarter. Bank of New York Mellon Corp now owns 54,875 shares of the company’s stock worth $2,454,000 after purchasing an additional 8,985 shares during the last quarter. 39.83% of the stock is owned by institutional investors.
Shares of 51job, Inc. (NASDAQ:JOBS) traded up $0.80 during mid-day trading on Tuesday, hitting $62.03. 164,727 shares of the stock traded hands, compared to its average volume of 152,157. 51job, Inc. has a twelve month low of $31.25 and a twelve month high of $65.85. The company has a quick ratio of 4.57, a current ratio of 4.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3,830.00, a PE ratio of 34.59 and a beta of 1.28.
Separately, Macquarie raised shares of 51job from a “neutral” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, August 4th.
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51job, Inc is a holding company. The Company is a provider of integrated human resource services in China. The Company focuses on online recruitment advertising. The Company operates over three Websites, including www.51job.com, www.yingjiesheng.com and www.51jingying.com, which are utilized by a base of corporate employers, reach an audience of job seekers and aggregate job information from over 100 cities across China.
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