Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Sohu.com Limited (NASDAQ:SOHU)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Sohu.com Limited (NASDAQ:SOHU) by 63.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 301,388 shares of the information services provider’s stock after buying an additional 116,746 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.93% of Sohu.com worth $3,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. E Fund Management Co. Ltd. lifted its position in Sohu.com by 129.7% during the fourth quarter. E Fund Management Co. Ltd. now owns 45,559 shares of the information services provider’s stock worth $600,000 after buying an additional 25,721 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in Sohu.com during the fourth quarter worth approximately $144,000. Blue Trust Inc. raised its position in Sohu.com by 78.7% in the fourth quarter. Blue Trust Inc. now owns 22,745 shares of the information services provider’s stock valued at $300,000 after purchasing an additional 10,015 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in Sohu.com by 129.7% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 45,559 shares of the information services provider’s stock valued at $600,000 after purchasing an additional 25,721 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Sohu.com in the third quarter valued at $1,350,000. Hedge funds and other institutional investors own 33.02% of the company’s stock.

Sohu.com Stock Down 0.1 %

NASDAQ:SOHU opened at $13.88 on Monday. Sohu.com Limited has a 52 week low of $9.65 and a 52 week high of $17.24. The company has a market capitalization of $449.06 million, a P/E ratio of -4.43 and a beta of 1.12. The stock’s fifty day moving average is $13.35 and its two-hundred day moving average is $13.91.

Sohu.com (NASDAQ:SOHU) last posted its earnings results on Tuesday, February 18th. The information services provider reported ($0.50) EPS for the quarter. Sohu.com had a negative net margin of 16.76% and a negative return on equity of 8.49%. The business had revenue of $134.68 million during the quarter. During the same quarter in the prior year, the company earned ($0.37) EPS.

Analyst Ratings Changes

Separately, StockNews.com downgraded Sohu.com from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

About Sohu.com

Sohu.com Limited engages in the provision of online media, video, and game products and services on personal computers (PCs) and mobile devices in China. It operates through two segments: Sohu and Changyou. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, as well as ifox, a video application for PC.