Athos Capital Ltd bought a new stake in Zhaopin Limited (NYSE:ZPIN) during the second quarter, Holdings Channel reports. The institutional investor bought 596,014 shares of the business services provider’s stock, valued at approximately $11,044,000. Zhaopin Limited comprises approximately 6.4% of Athos Capital Ltd’s portfolio, making the stock its 3rd largest position.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of Zhaopin Limited by 22.2% in the first quarter. Renaissance Technologies LLC now owns 513,900 shares of the business services provider’s stock valued at $8,854,000 after buying an additional 93,300 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Zhaopin Limited by 740.7% in the first quarter. TIAA CREF Investment Management LLC now owns 22,700 shares of the business services provider’s stock valued at $391,000 after buying an additional 20,000 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Zhaopin Limited during the first quarter valued at approximately $250,000. Asset Management One Co. Ltd. acquired a new position in shares of Zhaopin Limited during the first quarter valued at approximately $220,000. Finally, Pictet Asset Management Ltd. increased its position in shares of Zhaopin Limited by 29.4% in the first quarter. Pictet Asset Management Ltd. now owns 15,148 shares of the business services provider’s stock valued at $261,000 after buying an additional 3,440 shares during the last quarter. 22.64% of the stock is currently owned by institutional investors and hedge funds.
Zhaopin Limited (ZPIN) opened at 18.70 on Thursday. Zhaopin Limited has a 12-month low of $13.70 and a 12-month high of $18.98. The firm has a market cap of $1.04 billion, a P/E ratio of 33.75 and a beta of 1.40. The firm’s 50-day moving average price is $18.64 and its 200 day moving average price is $17.74.
Zhaopin Limited (NYSE:ZPIN) last issued its quarterly earnings results on Monday, May 22nd. The business services provider reported $0.12 EPS for the quarter. The company had revenue of $70.99 million for the quarter. Zhaopin Limited had a net margin of 11.96% and a return on equity of 14.63%. Analysts forecast that Zhaopin Limited will post $0.73 earnings per share for the current fiscal year.
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Separately, BidaskClub downgraded Zhaopin Limited from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
Zhaopin Limited Company Profile
Zhaopin Limited is a holding company. The Company, through its subsidiaries, is engaged in operating an online recruitment platform in the People’s Republic of China. It also provides human resources related services, including campus recruitment, executive searches and print advertising. Its Website, zhaopin.com, is a career-focused Website in China.
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