Catalyst Funds Management Pty Ltd boosted its stake in Lufax Holding Ltd (NYSE:LU – Free Report) by 999.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 888,000 shares of the company’s stock after buying an additional 807,200 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Lufax were worth $2,122,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in Lufax by 102.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock worth $40,000 after acquiring an additional 8,382 shares during the period. EWA LLC acquired a new stake in Lufax during the 3rd quarter worth about $45,000. Soltis Investment Advisors LLC acquired a new stake in Lufax during the 3rd quarter worth about $52,000. Asset Management One Co. Ltd. grew its holdings in Lufax by 24.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company’s stock worth $79,000 after acquiring an additional 6,422 shares during the period. Finally, Amundi grew its holdings in Lufax by 32.7% during the 4th quarter. Amundi now owns 54,987 shares of the company’s stock worth $133,000 after acquiring an additional 13,547 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.
Lufax Trading Up 3.4 %
Shares of Lufax stock opened at $3.19 on Friday. The business has a 50-day moving average price of $2.72 and a two-hundred day moving average price of $2.67. The company has a market cap of $2.76 billion, a P/E ratio of -4.14 and a beta of 0.77. Lufax Holding Ltd has a 1-year low of $2.00 and a 1-year high of $4.94.
About Lufax
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.
Featured Stories
- Five stocks we like better than Lufax
- What is Short Interest? How to Use It
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- What is diluted earnings per share (Diluted EPS)?
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Want to see what other hedge funds are holding LU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lufax Holding Ltd (NYSE:LU – Free Report).
Receive News & Ratings for Lufax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lufax and related companies with MarketBeat.com's FREE daily email newsletter.
