Tuniu (NASDAQ:TOUR) released its quarterly earnings results on Wednesday, March 14th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.06, Morningstar.com reports. Tuniu had a negative net margin of 34.94% and a negative return on equity of 13.68%. The company had revenue of $72.22 million during the quarter.
TOUR stock traded down $0.07 on Friday, hitting $6.20. The company had a trading volume of 198,822 shares, compared to its average volume of 289,376. Tuniu has a 12-month low of $5.81 and a 12-month high of $9.88.
Tuniu announced that its Board of Directors has initiated a stock buyback program on Friday, January 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
A number of equities analysts have weighed in on TOUR shares. Credit Suisse Group downgraded shares of Tuniu from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 14th. BidaskClub raised shares of Tuniu from a “strong sell” rating to a “sell” rating in a research report on Friday, February 23rd.
A number of hedge funds have recently modified their holdings of the stock. Yiheng Capital LLC boosted its holdings in Tuniu by 14.0% in the fourth quarter. Yiheng Capital LLC now owns 2,295,332 shares of the technology company’s stock worth $17,605,000 after purchasing an additional 281,558 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Tuniu by 69.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,099,000 shares of the technology company’s stock worth $8,429,000 after purchasing an additional 451,900 shares during the last quarter. Millennium Management LLC boosted its holdings in Tuniu by 147.3% in the fourth quarter. Millennium Management LLC now owns 764,955 shares of the technology company’s stock worth $5,867,000 after purchasing an additional 455,645 shares during the last quarter. Hermes Investment Management Ltd. boosted its holdings in Tuniu by 30.3% in the fourth quarter. Hermes Investment Management Ltd. now owns 723,087 shares of the technology company’s stock worth $5,546,000 after purchasing an additional 168,150 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Tuniu by 1.3% in the fourth quarter. BlackRock Inc. now owns 585,633 shares of the technology company’s stock worth $4,491,000 after purchasing an additional 7,580 shares during the last quarter.
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Tuniu Company Profile
Tuniu Corporation operates as an online leisure travel company in China. The company offers a selection of packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets selling, visa processing, financial, hotel booking, and air ticketing services for leisure travelers.
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