Connor Clark & Lunn Investment Management Ltd. lowered its holdings in shares of 51job, Inc. (NASDAQ:JOBS) by 56.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,959 shares of the company’s stock after selling 25,012 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in 51job were worth $1,460,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Commonwealth Bank of Australia increased its position in shares of 51job by 468.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,053 shares of the company’s stock valued at $191,000 after purchasing an additional 1,692 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of 51job during the 2nd quarter valued at $224,000. Unigestion Holding SA acquired a new position in shares of 51job during the 3rd quarter valued at $224,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of 51job during the 2nd quarter valued at $261,000. Finally, United Services Automobile Association acquired a new position in shares of 51job during the 2nd quarter valued at $352,000. 43.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JOBS stock opened at $68.79 on Friday. 51job, Inc. has a 1 year low of $52.15 and a 1 year high of $114.63. The firm has a market cap of $4.23 billion, a PE ratio of 32.60 and a beta of 1.27.
51job (NASDAQ:JOBS) last issued its earnings results on Thursday, November 8th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. The business had revenue of $139.00 million for the quarter. 51job had a return on equity of 19.41% and a net margin of 38.26%.
Several brokerages have recently issued reports on JOBS. TheStreet upgraded 51job from a “c” rating to a “b” rating in a research report on Tuesday, November 13th. BidaskClub cut 51job from a “buy” rating to a “hold” rating in a research report on Friday, October 5th.
WARNING: This piece was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/12/08/51job-inc-jobs-holdings-trimmed-by-connor-clark-lunn-investment-management-ltd.html.
51job Company Profile
51job, Inc, through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company offers recruitment advertising services, including online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, 51jingying.com, and lagou.com; and mobile applications that enable job seekers to access their accounts through mobile devices and utilize functions available on their Websites.
Further Reading: Average Daily Trade Volume Explained
Want to see what other hedge funds are holding JOBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 51job, Inc. (NASDAQ:JOBS).
Receive News & Ratings for 51job Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 51job and related companies with MarketBeat.com's FREE daily email newsletter.