Matthews International Capital Management LLC Makes New Investment in China Yuchai International Limited $CYD

Matthews International Capital Management LLC bought a new position in shares of China Yuchai International Limited (NYSE:CYD) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 54,874 shares of the company’s stock, valued at approximately $2,270,000. China Yuchai International accounts for approximately 0.5% of Matthews International Capital Management LLC’s holdings, making the stock its 28th biggest holding. Matthews International Capital Management LLC owned about 0.15% of China Yuchai International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of China Yuchai International in the 2nd quarter valued at approximately $48,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in China Yuchai International in the second quarter valued at approximately $144,000. E Fund Management Co. Ltd. acquired a new stake in China Yuchai International in the second quarter worth $206,000. Trexquant Investment LP bought a new position in shares of China Yuchai International during the first quarter worth $258,000. Finally, Bank of America Corp DE bought a new position in shares of China Yuchai International during the second quarter worth $384,000.

Analyst Ratings Changes

A number of analysts recently commented on CYD shares. Wall Street Zen upgraded shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Zacks Research downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of China Yuchai International in a research report on Monday, December 22nd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, China Yuchai International currently has an average rating of “Hold”.

China Yuchai International Stock Up 0.4%

Shares of NYSE CYD opened at $35.97 on Friday. China Yuchai International Limited has a 1-year low of $9.32 and a 1-year high of $42.60. The company has a fifty day moving average price of $36.06 and a 200 day moving average price of $32.14.

China Yuchai International Company Profile

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.