May Hill Capital LLC Makes New $34,000 Investment in Lufax Holding Ltd. Sponsored ADR $LU

May Hill Capital LLC acquired a new position in shares of Lufax Holding Ltd. Sponsored ADR (NYSE:LU) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,312 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Lufax by 44.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company’s stock worth $71,000 after purchasing an additional 7,417 shares in the last quarter. Cape Ann Asset Management Ltd acquired a new position in shares of Lufax in the first quarter worth about $3,180,000. Allianz Asset Management GmbH lifted its stake in shares of Lufax by 18.4% in the first quarter. Allianz Asset Management GmbH now owns 1,764,470 shares of the company’s stock worth $5,240,000 after acquiring an additional 274,540 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Lufax by 19.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,011,130 shares of the company’s stock worth $14,883,000 after acquiring an additional 805,292 shares in the last quarter. Finally, Walleye Capital LLC lifted its stake in shares of Lufax by 153.2% in the first quarter. Walleye Capital LLC now owns 183,672 shares of the company’s stock worth $546,000 after acquiring an additional 111,118 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Lufax Stock Down 10.1%

Shares of Lufax stock opened at $2.98 on Wednesday. The firm has a market cap of $2.58 billion, a P/E ratio of -3.86 and a beta of 0.76. Lufax Holding Ltd. Sponsored ADR has a fifty-two week low of $2.22 and a fifty-two week high of $4.57. The business has a 50-day moving average price of $3.34 and a 200 day moving average price of $3.01.

Analyst Ratings Changes

Several research firms recently commented on LU. Wall Street Zen upgraded Lufax from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lufax in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Lufax Company Profile

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.