Wasatch Advisors Inc. raised its holdings in shares of 51job, Inc. (NASDAQ:JOBS) by 8.9% during the 1st quarter, HoldingsChannel reports. The fund owned 1,769,939 shares of the company’s stock after purchasing an additional 144,805 shares during the period. 51job makes up approximately 1.5% of Wasatch Advisors Inc.’s portfolio, making the stock its 19th largest holding. Wasatch Advisors Inc.’s holdings in 51job were worth $137,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in the business. Advisors Asset Management Inc. raised its stake in shares of 51job by 18.1% in the 4th quarter. Advisors Asset Management Inc. now owns 2,365 shares of the company’s stock worth $148,000 after buying an additional 362 shares in the last quarter. Quadrant Capital Group LLC boosted its position in 51job by 62.1% during the first quarter. Quadrant Capital Group LLC now owns 1,563 shares of the company’s stock valued at $121,000 after purchasing an additional 599 shares during the last quarter. Polar Capital LLP boosted its position in 51job by 5.7% during the fourth quarter. Polar Capital LLP now owns 11,572 shares of the company’s stock valued at $723,000 after purchasing an additional 619 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in 51job by 11.6% during the fourth quarter. Great West Life Assurance Co. Can now owns 17,300 shares of the company’s stock valued at $1,013,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 51job by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 200,178 shares of the company’s stock valued at $12,499,000 after purchasing an additional 1,984 shares during the last quarter. 43.03% of the stock is currently owned by hedge funds and other institutional investors.
JOBS has been the subject of a number of research reports. BidaskClub raised 51job from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Macquarie cut 51job from an “outperform” rating to a “neutral” rating in a research report on Friday, March 1st. Finally, Citigroup cut 51job from a “buy” rating to a “neutral” rating in a research report on Monday, May 13th.
Shares of NASDAQ:JOBS traded down $2.84 on Wednesday, reaching $68.76. The company had a trading volume of 1,330 shares, compared to its average volume of 269,052. 51job, Inc. has a twelve month low of $52.15 and a twelve month high of $114.63. The stock has a market capitalization of $4.51 billion, a P/E ratio of 22.75 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.19 and a quick ratio of 2.30.
51job (NASDAQ:JOBS) last announced its quarterly earnings results on Thursday, February 28th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.25. 51job had a return on equity of 20.11% and a net margin of 37.97%. The company had revenue of $162.97 million during the quarter.
51job Company Profile
51job, Inc, through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company offers online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, 51jingying.com, and lagou.com; and mobile applications that enable job seekers to access their accounts through mobile devices and utilize functions available on their Websites.
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