MERIAN GLOBAL INVESTORS UK Ltd Buys Shares of 67,100 BEST Inc (BSTI)
MERIAN GLOBAL INVESTORS UK Ltd bought a new position in BEST Inc (NYSE:BSTI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 67,100 shares of the company’s stock, valued at approximately $350,000.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc boosted its stake in shares of BEST by 6.7% during the 3rd quarter. Vanguard Group Inc now owns 5,695,499 shares of the company’s stock worth $33,717,000 after acquiring an additional 357,716 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of BEST by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,695,499 shares of the company’s stock worth $33,717,000 after acquiring an additional 357,716 shares in the last quarter. Tiger Pacific Capital LP boosted its stake in shares of BEST by 6.9% during the 4th quarter. Tiger Pacific Capital LP now owns 4,990,888 shares of the company’s stock worth $20,513,000 after acquiring an additional 321,564 shares in the last quarter. Morgan Stanley boosted its stake in shares of BEST by 10.4% during the 3rd quarter. Morgan Stanley now owns 2,985,373 shares of the company’s stock worth $17,674,000 after acquiring an additional 281,221 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of BEST during the 4th quarter worth about $6,848,000. 15.22% of the stock is currently owned by institutional investors.
Shares of NYSE:BSTI opened at $4.20 on Wednesday. BEST Inc has a twelve month low of $3.77 and a twelve month high of $13.54. The company has a market cap of $1.51 billion, a P/E ratio of -3.31, a price-to-earnings-growth ratio of 1.07 and a beta of 0.05.
TRADEMARK VIOLATION NOTICE: This article was first reported by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/merian-global-investors-uk-ltd-buys-shares-of-67100-best-inc-bsti/3018675.html.
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
Recommended Story: Fundamental Analysis and Choosing Stocks
Want to see what other hedge funds are holding BSTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BEST Inc (NYSE:BSTI).
Receive News & Ratings for BEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BEST and related companies with MarketBeat.com's FREE daily email newsletter.