China Yuchai International (NYSE:CYD) Cut to Hold at Greenridge Global

China Yuchai International (NYSE:CYD) was downgraded by equities research analysts at Greenridge Global from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, StockNews.com downgraded China Yuchai International from a “buy” rating to a “hold” rating in a research report on Friday.

China Yuchai International Stock Performance

Shares of CYD stock opened at $21.39 on Wednesday. China Yuchai International has a fifty-two week low of $7.95 and a fifty-two week high of $26.10. The stock has a 50 day moving average price of $12.11 and a two-hundred day moving average price of $11.33. The company has a market capitalization of $5.77 million, a P/E ratio of 13.20 and a beta of 1.02.

Hedge Funds Weigh In On China Yuchai International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of China Yuchai International by 299.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock valued at $130,000 after acquiring an additional 10,207 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of China Yuchai International during the fourth quarter valued at approximately $191,000. Verity Asset Management Inc. raised its holdings in shares of China Yuchai International by 19.5% during the fourth quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock valued at $235,000 after acquiring an additional 4,029 shares in the last quarter. Millennium Management LLC raised its holdings in shares of China Yuchai International by 42.2% during the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock valued at $450,000 after acquiring an additional 14,030 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of China Yuchai International by 2.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,891 shares of the company’s stock valued at $1,102,000 after acquiring an additional 1,842 shares in the last quarter.

China Yuchai International Company Profile

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People’s Republic of China and internationally.