21.7% Stake of Ehi Car Services Ltd (EHIC) Held by Tiger Global Management LLC

Tiger Global Management LLC

recently stated that they own a 21.7% stake in Ehi Car Services Ltd (NYSE:EHIC) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, January 12th. The investor owns 16,084,454 shares of the stock valued at approximately $193,656,826. The reporting parties listed on the disclosure included Tiger Global Mauritius Fund, Tiger Global Investments, LP, Tiger Global Performance, LLC, Tiger Global Management, LLC, Scott Shleifer and Charles P Coleman III. The disclosure is available through Edgar at this link.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EHIC. Yiheng Capital LLC increased its holdings in Ehi Car Services by 14.9% during the 2nd quarter. Yiheng Capital LLC now owns 2,538,097 shares of the company’s stock worth $25,330,000 after purchasing an additional 329,070 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Ehi Car Services by 21.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 209,334 shares of the company’s stock worth $2,051,000 after purchasing an additional 37,187 shares in the last quarter. Renaissance Group LLC increased its holdings in Ehi Car Services by 11.1% during the 3rd quarter. Renaissance Group LLC now owns 47,925 shares of the company’s stock worth $470,000 after purchasing an additional 4,786 shares in the last quarter. Pictet Asset Management Ltd. bought a new position in Ehi Car Services during the 3rd quarter worth about $241,000. Finally, Parametric Portfolio Associates LLC bought a new position in Ehi Car Services during the 2nd quarter worth about $186,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Separately, Zacks Investment Research upgraded Ehi Car Services from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st.

Ehi Car Services Ltd (NYSE:EHIC) traded down $0.10 during mid-day trading on Friday, reaching $12.04. The company’s stock had a trading volume of 67,002 shares, compared to its average volume of 174,222. The company has a market cap of $836.43, a PE ratio of 57.33 and a beta of 0.51. Ehi Car Services Ltd has a 52-week low of $8.89 and a 52-week high of $12.50.

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About Ehi Car Services

eHi Car Services Limited, formerly Prudent Choice International Limited, is a holding company. The Company is engaged in car rentals and car services. The Company provides self-drive car rental services to both individual customers, as well as corporate and institutional clients to meet travel, leisure, business and ground transportation needs.

Institutional Ownership by Quarter for Ehi Car Services (NYSE:EHIC)

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