Nordea Investment Management AB trimmed its stake in shares of Tuniu Corp (NASDAQ:TOUR) by 3.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 371,683 shares of the technology company’s stock after selling 14,623 shares during the period. Nordea Investment Management AB owned approximately 0.29% of Tuniu worth $1,784,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC boosted its position in shares of Tuniu by 9.4% during the first quarter. Krane Funds Advisors LLC now owns 578,253 shares of the technology company’s stock worth $2,776,000 after acquiring an additional 49,530 shares during the last quarter. Segantii Capital Management Ltd bought a new position in shares of Tuniu during the first quarter worth $39,000. Yiheng Capital LLC boosted its position in shares of Tuniu by 31.9% during the fourth quarter. Yiheng Capital LLC now owns 5,758,669 shares of the technology company’s stock worth $27,987,000 after acquiring an additional 1,391,845 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Tuniu during the fourth quarter worth $252,000. Finally, Barclays PLC boosted its position in shares of Tuniu by 335.5% during the fourth quarter. Barclays PLC now owns 5,509 shares of the technology company’s stock worth $27,000 after acquiring an additional 4,244 shares during the last quarter. 14.57% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday.
Tuniu (NASDAQ:TOUR) last released its quarterly earnings results on Thursday, May 23rd. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.29. The company had revenue of $68.07 million for the quarter. Tuniu had a negative net margin of 11.90% and a negative return on equity of 1.18%.
Tuniu Corporation operates as an online leisure travel company. The company offers a selection of packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets selling, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.
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