StockNews.com Begins Coverage on Xinyuan Real Estate (NYSE:XIN)

StockNews.com started coverage on shares of Xinyuan Real Estate (NYSE:XINGet Rating) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate stock opened at $1.04 on Tuesday. Xinyuan Real Estate has a 12 month low of $0.54 and a 12 month high of $3.79. The business has a 50 day simple moving average of $0.89 and a 200-day simple moving average of $0.90.

A number of large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its position in Xinyuan Real Estate by 10.0% in the fourth quarter. Acadian Asset Management LLC now owns 825,434 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 75,342 shares in the last quarter. Renaissance Technologies LLC raised its position in Xinyuan Real Estate by 22.6% in the fourth quarter. Renaissance Technologies LLC now owns 132,500 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 24,400 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Xinyuan Real Estate in the third quarter worth $48,000. Capstone Financial Advisors Inc. purchased a new position in Xinyuan Real Estate in the third quarter worth $26,000. Finally, Invesco Ltd. purchased a new position in Xinyuan Real Estate in the second quarter worth $27,000.

Xinyuan Real Estate Company Profile (Get Rating)

Xinyuan Real Estate Co, Ltd., together with its subsidiaries, engages in residential real estate development in the People's Republic of China, the United States, and internationally. It develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, high-rise apartment buildings; and auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools, as well as office, mixed-use, and commercial properties.

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