Bellevue Group AG raised its stake in HUTCHISON CHINA/S (NASDAQ:HCM) by 10.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 332,536 shares of the company’s stock after acquiring an additional 30,116 shares during the quarter. Bellevue Group AG’s holdings in HUTCHISON CHINA/S were worth $10,023,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada bought a new stake in HUTCHISON CHINA/S in the first quarter valued at $199,000. Geode Capital Management LLC bought a new stake in shares of HUTCHISON CHINA/S during the fourth quarter worth about $258,000. Citadel Advisors LLC bought a new stake in shares of HUTCHISON CHINA/S during the first quarter worth about $286,000. Pendal Group Ltd bought a new stake in shares of HUTCHISON CHINA/S during the first quarter worth about $501,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of HUTCHISON CHINA/S during the first quarter worth about $866,000. 9.81% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:HCM opened at $31.05 on Wednesday. The company has a quick ratio of 4.55, a current ratio of 4.67 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.37 billion, a PE ratio of -141.14 and a beta of 0.12. HUTCHISON CHINA/S has a one year low of $22.90 and a one year high of $42.25.
HUTCHISON CHINA/S Company Profile
Hutchison China MediTech Limited, a biopharmaceutical company, engages in the research, development, manufacture, and sale of pharmaceuticals and healthcare products primarily in the People's Republic of China and Hong Kong. It operates through Innovation Platform and Commercial Platform segments.
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