Myriad Asset Management Ltd. Purchases Shares of 89,500 ZTO Express (Cayman) Inc (ZTO)

Myriad Asset Management Ltd. purchased a new position in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) during the first quarter, HoldingsChannel reports. The fund purchased 89,500 shares of the transportation company’s stock, valued at approximately $1,636,000.

Several other hedge funds have also modified their holdings of ZTO. Huntington National Bank increased its holdings in ZTO Express (Cayman) by 40.3% in the 4th quarter. Huntington National Bank now owns 3,066 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 880 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in ZTO Express (Cayman) in the first quarter valued at about $189,000. Quantamental Technologies LLC acquired a new stake in ZTO Express (Cayman) in the first quarter valued at about $199,000. OLD National Bancorp IN acquired a new stake in ZTO Express (Cayman) in the fourth quarter valued at about $186,000. Finally, World Asset Management Inc acquired a new stake in ZTO Express (Cayman) in the first quarter valued at about $219,000. 36.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of ZTO stock traded up $0.12 during mid-day trading on Wednesday, reaching $18.61. 65,579 shares of the stock traded hands, compared to its average volume of 2,043,063. ZTO Express has a 1-year low of $14.69 and a 1-year high of $22.67. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 24.06 and a beta of 0.72.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Tuesday, March 12th. The transportation company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The company had revenue of $818.49 million for the quarter. ZTO Express (Cayman) had a return on equity of 13.32% and a net margin of 24.82%. As a group, analysts forecast that ZTO Express will post 0.96 EPS for the current year.

Several research firms recently weighed in on ZTO. TheStreet lowered ZTO Express (Cayman) from a “b+” rating to a “c” rating in a research note on Wednesday, May 1st. UBS Group raised ZTO Express (Cayman) from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. ZTO Express (Cayman) has an average rating of “Buy” and an average price target of $21.50.

ILLEGAL ACTIVITY NOTICE: “Myriad Asset Management Ltd. Purchases Shares of 89,500 ZTO Express (Cayman) Inc (ZTO)” was first published by Slater Sentinel and is the sole property of of Slater Sentinel. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://slatersentinel.com/news/2019/05/15/myriad-asset-management-ltd-purchases-shares-of-89500-zto-express-cayman-inc-zto.html.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

Featured Article: 12b-1 Fees

Want to see what other hedge funds are holding ZTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZTO Express (Cayman) Inc (NYSE:ZTO).

Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

Receive News & Ratings for ZTO Express (Cayman) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZTO Express (Cayman) and related companies with MarketBeat.com's FREE daily email newsletter.