Creative Planning acquired a new position in BEST Inc. (NYSE:BEST) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 500,000 shares of the company’s stock, valued at approximately $2,640,000. Creative Planning owned about 0.14% of BEST at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Comerica Bank bought a new position in BEST during the third quarter valued at approximately $65,000. California Public Employees Retirement System bought a new position in BEST during the third quarter valued at approximately $2,101,000. Commonwealth Equity Services LLC bought a new position in BEST during the third quarter valued at approximately $104,000. TradeLink Capital LLC bought a new position in BEST during the third quarter valued at approximately $121,000. Finally, Segantii Capital Management Ltd bought a new position in BEST during the third quarter valued at approximately $316,000. Institutional investors and hedge funds own 19.08% of the company’s stock.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of BEST from a “hold” rating to a “sell” rating in a research report on Friday, August 16th. ValuEngine raised shares of BEST from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Sanford C. Bernstein lowered shares of BEST from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 20th.
NYSE:BEST opened at $5.77 on Friday. BEST Inc. has a 12 month low of $3.77 and a 12 month high of $6.86. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -27.48 and a beta of 1.32. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $5.30 and its 200-day moving average is $5.08.
BEST (NYSE:BEST) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.02. BEST had a negative net margin of 1.04% and a negative return on equity of 8.34%. The company had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same quarter last year, the firm posted ($0.15) earnings per share. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. Research analysts predict that BEST Inc. will post -0.06 EPS for the current fiscal year.
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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