Tuniu (NASDAQ:TOUR) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Separately, Credit Suisse Group initiated coverage on shares of Tuniu in a research report on Tuesday, October 10th. They set an “outperform” rating and a $11.00 price target for the company.

Tuniu (TOUR) traded down $0.15 during mid-day trading on Tuesday, hitting $7.61. 815,022 shares of the stock were exchanged, compared to its average volume of 663,073. Tuniu has a twelve month low of $6.69 and a twelve month high of $9.88.

Hedge funds have recently added to or reduced their stakes in the company. Hermes Investment Management Ltd. acquired a new stake in shares of Tuniu during the third quarter worth approximately $4,340,000. Renaissance Technologies LLC acquired a new stake in shares of Tuniu during the first quarter worth approximately $741,000. Laurion Capital Management LP acquired a new stake in shares of Tuniu during the second quarter worth approximately $2,023,000. Nine Chapters Capital Management LLC acquired a new stake in shares of Tuniu during the third quarter worth approximately $129,000. Finally, BT Investment Management Ltd acquired a new stake in shares of Tuniu during the second quarter worth approximately $802,000.

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About Tuniu

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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