89,626 Shares in Lufax Holding Ltd (NYSE:LU) Acquired by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd purchased a new stake in shares of Lufax Holding Ltd (NYSE:LU) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 89,626 shares of the company’s stock, valued at approximately $313,000. Lufax makes up 0.1% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 26th largest position.

Other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. raised its position in Lufax by 98.9% during the first quarter. Baillie Gifford & Co. now owns 12,089,786 shares of the company’s stock valued at $51,019,000 after purchasing an additional 6,012,562 shares in the last quarter. Acadian Asset Management LLC grew its position in Lufax by 5,000.2% during the first quarter. Acadian Asset Management LLC now owns 3,036,225 shares of the company’s stock valued at $12,798,000 after acquiring an additional 2,976,693 shares during the last quarter. Yunqi Capital Ltd raised its stake in shares of Lufax by 39.4% during the first quarter. Yunqi Capital Ltd now owns 7,092,640 shares of the company’s stock worth $29,931,000 after acquiring an additional 2,002,873 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of Lufax in the 2nd quarter valued at $2,152,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Lufax during the 1st quarter valued at $2,649,000. Institutional investors own 69.14% of the company’s stock.

Lufax Stock Down 1.8 %

Shares of NYSE:LU traded down $0.05 during midday trading on Friday, hitting $2.77. 2,933,779 shares of the stock traded hands, compared to its average volume of 4,157,261. The stock has a market capitalization of $1.59 billion, a PE ratio of -19.71 and a beta of 0.85. Lufax Holding Ltd has a one year low of $2.00 and a one year high of $4.94. The business’s 50 day moving average is $2.77 and its two-hundred day moving average is $3.18.

Lufax (NYSE:LU) last released its quarterly earnings results on Monday, October 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). Lufax had a negative return on equity of 3.63% and a negative net margin of 12.75%. The company had revenue of $789.93 million during the quarter. During the same period in the prior year, the firm posted $0.04 earnings per share. As a group, sell-side analysts forecast that Lufax Holding Ltd will post -0.32 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on LU. Bank of America cut their price target on shares of Lufax from $5.22 to $2.75 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Jefferies Financial Group restated a “hold” rating and set a $3.20 price target on shares of Lufax in a research report on Thursday.

Lufax Company Profile

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.