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.

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BEST Profile

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.

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Institutional Ownership by Quarter for BEST (NYSE:BSTI)

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