China Yuchai International (NYSE:CYD) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of China Yuchai International (NYSE:CYD) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

China Yuchai International Stock Performance

CYD stock opened at $11.84 on Friday. China Yuchai International has a twelve month low of $7.95 and a twelve month high of $13.05. The stock’s 50 day moving average is $10.36 and its 200-day moving average is $10.75.

Institutional Trading of China Yuchai International

A number of hedge funds have recently bought and sold shares of the business. Shah Capital Management lifted its holdings in China Yuchai International by 3.0% during the fourth quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock worth $41,412,000 after acquiring an additional 128,509 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 worth $1,102,000 after acquiring an additional 1,842 shares during the period. Verity Asset Management Inc. lifted its holdings in China Yuchai International by 19.5% during the fourth quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock worth $235,000 after acquiring an additional 4,029 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in 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 worth $130,000 after acquiring an additional 10,207 shares during the period.

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.