Blue Creek Capital Management Ltd Sells 181,446 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Blue Creek Capital Management Ltd lowered its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,789,541 shares of the company’s stock after selling 181,446 shares during the period. Full Truck Alliance comprises 19.1% of Blue Creek Capital Management Ltd’s holdings, making the stock its 4th biggest holding. Blue Creek Capital Management Ltd’s holdings in Full Truck Alliance were worth $26,565,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in YMM. Bank of New York Mellon Corp grew its stake in shares of Full Truck Alliance by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 85,844 shares of the company’s stock worth $604,000 after purchasing an additional 2,786 shares during the last quarter. Matthews International Capital Management LLC grew its stake in shares of Full Truck Alliance by 40.5% in the 3rd quarter. Matthews International Capital Management LLC now owns 9,119,529 shares of the company’s stock worth $64,201,000 after purchasing an additional 2,629,125 shares during the last quarter. Parametrica Management Ltd increased its position in shares of Full Truck Alliance by 40.4% in the third quarter. Parametrica Management Ltd now owns 284,681 shares of the company’s stock worth $2,004,000 after acquiring an additional 81,983 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Full Truck Alliance by 2.9% in the third quarter. California Public Employees Retirement System now owns 1,199,845 shares of the company’s stock worth $8,447,000 after acquiring an additional 33,639 shares in the last quarter. Finally, IvyRock Asset Management HK Ltd increased its position in shares of Full Truck Alliance by 256.0% in the third quarter. IvyRock Asset Management HK Ltd now owns 3,143,100 shares of the company’s stock worth $22,127,000 after acquiring an additional 2,260,100 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of Full Truck Alliance stock traded up $0.37 during trading on Thursday, hitting $8.89. The stock had a trading volume of 8,236,878 shares, compared to its average volume of 7,535,438. The stock has a 50 day simple moving average of $7.39 and a 200 day simple moving average of $7.03. Full Truck Alliance Co. Ltd. has a 1 year low of $5.41 and a 1 year high of $9.01.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Thursday, March 7th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $339.15 million for the quarter, compared to the consensus estimate of $322.13 million. Full Truck Alliance had a net margin of 26.19% and a return on equity of 6.69%. As a group, equities research analysts predict that Full Truck Alliance Co. Ltd. will post 0.39 EPS for the current year.

Full Truck Alliance Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a $0.144 dividend. This represents a dividend yield of 1.84%. The ex-dividend date was Thursday, April 4th. Full Truck Alliance’s dividend payout ratio (DPR) is currently 43.33%.

About Full Truck Alliance

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.