Quantamental Technologies LLC Purchases 2,389 Shares of HUTCHISON CHINA/S (NASDAQ:HCM)

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Quantamental Technologies LLC grew its position in shares of HUTCHISON CHINA/S (NASDAQ:HCM) by 607.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,782 shares of the company’s stock after buying an additional 2,389 shares during the quarter. Quantamental Technologies LLC’s holdings in HUTCHISON CHINA/S were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Segantii Capital Management Ltd purchased a new position in HUTCHISON CHINA/S in the second quarter worth $19,806,000. Allianz Asset Management GmbH raised its stake in shares of HUTCHISON CHINA/S by 11.9% during the second quarter. Allianz Asset Management GmbH now owns 674,876 shares of the company’s stock valued at $14,847,000 after acquiring an additional 71,682 shares during the last quarter. Bank of Montreal Can raised its stake in shares of HUTCHISON CHINA/S by 1,541.9% during the second quarter. Bank of Montreal Can now owns 72,245 shares of the company’s stock valued at $1,589,000 after acquiring an additional 67,845 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of HUTCHISON CHINA/S by 9.3% during the first quarter. JPMorgan Chase & Co. now owns 663,615 shares of the company’s stock valued at $20,293,000 after acquiring an additional 56,288 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of HUTCHISON CHINA/S by 14.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 435,528 shares of the company’s stock valued at $13,318,000 after acquiring an additional 54,002 shares during the last quarter. 29.65% of the stock is currently owned by hedge funds and other institutional investors.

HCM traded down $0.05 during trading on Friday, hitting $21.98. The company’s stock had a trading volume of 1,076 shares, compared to its average volume of 211,415. The company has a quick ratio of 4.19, a current ratio of 4.33 and a debt-to-equity ratio of 0.06. HUTCHISON CHINA/S has a one year low of $19.20 and a one year high of $39.68. The firm has a market cap of $2.93 billion, a PE ratio of -38.58 and a beta of 0.67. The business’s 50 day simple moving average is $20.75 and its 200-day simple moving average is $25.60.

A number of research firms recently issued reports on HCM. Macquarie began coverage on shares of HUTCHISON CHINA/S in a research note on Friday, July 5th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded shares of HUTCHISON CHINA/S from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, July 10th. BidaskClub upgraded shares of HUTCHISON CHINA/S from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 3rd. Finally, ValuEngine upgraded shares of HUTCHISON CHINA/S from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.41.

About HUTCHISON CHINA/S

Hutchison China MediTech Limited, a commercial-stage biopharmaceutical company, engages in discovery, development, and commercialization of targeted therapeutics and immunotherapies for oncology and immunological diseases in the People's Republic of China and Hong Kong. The company operates through Innovation Platform and Commercial Platform segments.

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Institutional Ownership by Quarter for HUTCHISON CHINA/S (NASDAQ:HCM)

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