New York State Common Retirement Fund cut its holdings in 51job, Inc. (NASDAQ:JOBS) by 52.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,942 shares of the company’s stock after selling 9,704 shares during the quarter. New York State Common Retirement Fund’s holdings in 51job were worth $542,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in 51job by 104.7% in the second quarter. Dimensional Fund Advisors LP now owns 183,446 shares of the company’s stock valued at $8,208,000 after buying an additional 93,817 shares during the period. Bank of New York Mellon Corp raised its position in shares of 51job by 19.6% during the second quarter. Bank of New York Mellon Corp now owns 54,875 shares of the company’s stock worth $2,454,000 after purchasing an additional 8,985 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of 51job during the third quarter worth approximately $2,717,000. Macquarie Group Ltd. raised its position in shares of 51job by 6.3% during the second quarter. Macquarie Group Ltd. now owns 112,100 shares of the company’s stock worth $5,014,000 after purchasing an additional 6,600 shares during the period. Finally, Eqis Capital Management Inc. acquired a new position in shares of 51job during the third quarter worth approximately $269,000. 40.61% of the stock is currently owned by hedge funds and other institutional investors.
51job, Inc. (JOBS) opened at $62.51 on Friday. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 0.31. 51job, Inc. has a 12-month low of $31.25 and a 12-month high of $65.85. The firm has a market capitalization of $3,821.23, a P/E ratio of 94.71 and a beta of 1.24.
A number of brokerages have recently weighed in on JOBS. BidaskClub lowered 51job from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. TheStreet lowered 51job from a “b” rating to a “c+” rating in a research report on Monday, November 13th.
51job, Inc is a holding company. The Company is a provider of integrated human resource services in China. The Company focuses on online recruitment advertising. The Company operates over three Websites, including www.51job.com, www.yingjiesheng.com and www.51jingying.com, which are utilized by a base of corporate employers, reach an audience of job seekers and aggregate job information from over 100 cities across China.
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