China Yuchai International was the subject of an article that StockNews.com published on Wednesday after the website’s research team assumed company coverage (NYSE: CYD). The company assigned a “hold” rating to the stock.
Several institutional investors and hedge funds have recently made position adjustments about the stock. Tower Research Capital LLC (TRC) grew its holdings in China Yuchai International by 293.6% during the third quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the company’s stock, valued at $25,000, after purchasing an additional 2,534 shares in the last quarter. These new shares bring the total number of shares owned by Tower Research Capital LLC TRC to 3,399. The Royal Bank of Canada grew its holdings in China Yuchai International by 1,245.3% in the first quarter compared to the previous quarter. Royal Bank of Canada now owns 3,000 shares of the company’s stock, valued at $35,000. This results from the bank’s purchase of an additional 2,777 shares during the most recent quarter. Credit Suisse AG invested roughly $45,000 to acquire a new interest in China Yuchai International during the second quarter of the fiscal year. Shell Asset Management Co.’s ownership percentage in China Yuchai International was raised to 36.8 percent during the third quarter. After purchasing an additional 3,869 shares during the most recent quarter, Shell Asset Management Co. now holds 14,383 of the company’s shares, valued at a total of $105,000. Finally, Citadel Advisors LLC invested 120 thousand dollars in China Yuchai International during the second quarter. Hedge funds and other institutional investors own 19.69% of the company’s shares.
The price of CYD stock was $7.18 when the market opened on Wednesday. The company’s moving average over the past fifty days is $7.32, and the moving average over the past 200 days is $8.55. China Yuchai International saw a low of $6.90 over the past year, while it reached a high of $15.35 over the same period.
China Yuchai International Limited, through its subsidiaries, is in the business of manufacturing, assembling, and selling diesel and natural gas engines for trucks, buses, and passenger vehicles, as well as for marine, industrial, and agricultural applications in the People’s Republic of China and around the world. These engines are used in a wide variety of applications. Yuchai and HLGE are the two halves that make up the whole.