Mackenzie Financial Corp. invests $1.35M in Autohome Inc., as it reports a 2.2% Q2 revenue increase and 63.08% institutional ownership.

Mackenzie Financial Corp. has invested $1.35 million in Autohome Inc. (NYSE:ATHM), a Chinese automotive information services provider. Autohome reported a 2.2% revenue increase for Q2 and announced a share buyback program. Institutional ownership of the company rose to 63.08%, with several hedge funds increasing their stakes. Autohome’s earnings per share significantly surpassed expectations at $4.71, boosting its share price.

October 04, 2024
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