Maple Brown Abbott Ltd Has $25.55 Million Position in 51job, Inc. (JOBS)
Maple Brown Abbott Ltd decreased its holdings in 51job, Inc. (NASDAQ:JOBS) by 28.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 421,516 shares of the company’s stock after selling 165,066 shares during the quarter. 51job accounts for about 2.5% of Maple Brown Abbott Ltd’s holdings, making the stock its 15th largest holding. Maple Brown Abbott Ltd owned 0.69% of 51job worth $25,548,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in 51job in the 2nd quarter worth about $127,000. Bank of America Corp DE raised its holdings in 51job by 154.2% in the 1st quarter. Bank of America Corp DE now owns 2,860 shares of the company’s stock worth $105,000 after purchasing an additional 1,735 shares during the period. Eqis Capital Management Inc. acquired a new position in 51job in the 3rd quarter worth about $269,000. Parametric Portfolio Associates LLC acquired a new position in 51job in the 2nd quarter worth about $241,000. Finally, Prudential Financial Inc. acquired a new position in 51job in the 1st quarter worth about $224,000. 39.83% of the stock is owned by institutional investors.
Separately, Macquarie raised 51job from a “neutral” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Friday, August 4th.
51job, Inc. (NASDAQ JOBS) traded up $0.74 during midday trading on Monday, reaching $61.97. The company had a trading volume of 14,803 shares, compared to its average volume of 162,669. 51job, Inc. has a 12 month low of $31.25 and a 12 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 firm has a market cap of $3,760.18, a PE ratio of 34.59 and a beta of 1.28.
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51job Company Profile
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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