Xinyuan Real Estate (NYSE:XIN) Coverage Initiated at StockNews.com

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

NYSE XIN opened at $1.04 on Wednesday. Xinyuan Real Estate has a 1-year low of $0.54 and a 1-year high of $3.79. The stock’s 50 day simple moving average is $0.93 and its 200-day simple moving average is $0.87.

Large investors have recently bought and sold shares of the business. Capstone Financial Advisors Inc. acquired a new stake in shares of Xinyuan Real Estate in the third quarter valued at $26,000. Invesco Ltd. acquired a new position in Xinyuan Real Estate during the 2nd quarter worth $27,000. MARSHALL WACE ASIA Ltd acquired a new position in Xinyuan Real Estate during the 3rd quarter worth $48,000. Renaissance Technologies LLC grew its stake in Xinyuan Real Estate by 22.6% during the 4th quarter. Renaissance Technologies LLC now owns 132,500 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 24,400 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Xinyuan Real Estate by 10.0% during the 4th quarter. Acadian Asset Management LLC now owns 825,434 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 75,342 shares in the last quarter.

About Xinyuan Real Estate (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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