China Yuchai International Limited $CYD Shares Sold by Shah Capital Management

Key Points

• Shah Capital Management sold 68,837 shares of China Yuchai International, reducing its stake by 2.1% to 3,255,185 shares, making it the fund's second largest position.
• Several institutional investors, including Millennium Management LLC and Ariose Capital Management, have recently made significant changes to their stakes in the company, reflecting growing interest in China Yuchai International's stock.
• Analysts have upgraded the stock's rating, with Zacks Research and Wall Street Zen moving it to a strong-buy rating, while the company maintains a consensus rating of "Moderate Buy".

Shah Capital Management lessened its stake in China Yuchai International Limited (NYSE:CYD - Free Report) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,255,185 shares of the company's stock after selling 68,837 shares during the period. China Yuchai International comprises about 15.1% of Shah Capital Management's investment portfolio, making the stock its 2nd largest position. Shah Capital Management owned approximately 8.68% of China Yuchai International worth $77,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in shares of China Yuchai International by 42.2% in the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company's stock worth $450,000 after purchasing an additional 14,030 shares during the last quarter. Ariose Capital Management Ltd acquired a new position in China Yuchai International in the first quarter worth about $3,383,000. Pinpoint Asset Management Ltd acquired a new position in China Yuchai International in the first quarter worth about $3,382,000. Trexquant Investment LP bought a new stake in China Yuchai International in the first quarter valued at about $258,000. Finally, Hhlr Advisors LTD. acquired a new stake in China Yuchai International during the first quarter valued at approximately $1,189,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CYD shares. Zacks Research upgraded China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Weiss Ratings restated a "hold (c)" rating on shares of China Yuchai International in a research note on Saturday, September 27th. Finally, Wall Street Zen raised shares of China Yuchai International from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

China Yuchai International Price Performance

NYSE:CYD opened at $39.94 on Tuesday. The firm has a market capitalization of $1.50 billion, a P/E ratio of 24.65 and a beta of 1.12. The business has a 50 day simple moving average of $33.36 and a 200 day simple moving average of $23.95. China Yuchai International Limited has a 12-month low of $8.61 and a 12-month high of $42.60.

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.

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