China Yuchai International (NYSE:CYD) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of China Yuchai International (NYSE:CYD – Get Rating) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

Separately, Greenridge Global reaffirmed a “buy” rating on shares of China Yuchai International in a research report on Tuesday.

China Yuchai International Stock Up 2.3 %

NYSE CYD opened at $8.39 on Friday. The firm’s fifty day moving average price is $8.64 and its two-hundred day moving average price is $7.96. China Yuchai International has a 1 year low of $6.73 and a 1 year high of $12.37.

Hedge Funds Weigh In On China Yuchai International

Several large investors have recently modified their holdings of the stock. Shah Capital Management raised its position in shares of China Yuchai International by 5.0% in the fourth quarter. Shah Capital Management now owns 4,095,793 shares of the company’s stock valued at $28,977,000 after purchasing an additional 195,111 shares during the period. UBS Group AG raised its position in shares of China Yuchai International by 2.3% in the fourth quarter. UBS Group AG now owns 95,400 shares of the company’s stock valued at $675,000 after purchasing an additional 2,182 shares during the period. Millennium Management LLC bought a new position in shares of China Yuchai International in the fourth quarter valued at about $183,000. Susquehanna International Group LLP bought a new position in shares of China Yuchai International in the fourth quarter valued at about $130,000. Finally, Shell Asset Management Co. grew its stake in shares of China Yuchai International by 36.8% in the third quarter. Shell Asset Management Co. now owns 14,383 shares of the company’s stock valued at $105,000 after acquiring an additional 3,869 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

About China Yuchai International

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China Yuchai International Ltd. is a holding company, which engages in the manufacture, assembly, and sale of light, medium, and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine, and agriculture applications. It operates through the following segments: Yuchai, HL Global Enterprises Limited (HLGE), and Corporate.