Jumei International Holding Ltd (JMEI) Shares Bought by BlackRock Inc.

BlackRock Inc. increased its stake in Jumei International Holding Ltd (NYSE:JMEI) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,529,997 shares of the specialty retailer’s stock after acquiring an additional 121,766 shares during the quarter. BlackRock Inc. owned about 1.02% of Jumei International worth $3,947,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its holdings in shares of Jumei International by 100.8% during the first quarter. Cubist Systematic Strategies LLC now owns 47,435 shares of the specialty retailer’s stock valued at $138,000 after acquiring an additional 23,816 shares in the last quarter. Hershey Trust Co. boosted its position in shares of Jumei International by 138.6% during the second quarter. Hershey Trust Co. now owns 116,246 shares of the specialty retailer’s stock valued at $300,000 after buying an additional 67,519 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Jumei International by 203.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,025 shares of the specialty retailer’s stock valued at $366,000 after buying an additional 95,250 shares during the last quarter. 5.73% of the stock is currently owned by institutional investors.

JMEI stock traded up $0.01 during midday trading on Monday, hitting $2.11. The company’s stock had a trading volume of 504,500 shares, compared to its average volume of 1,351,687. Jumei International Holding Ltd has a 1 year low of $1.44 and a 1 year high of $4.03.

COPYRIGHT VIOLATION NOTICE: “Jumei International Holding Ltd (JMEI) Shares Bought by BlackRock Inc.” was reported by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.baseballdailydigest.com/news/2018/12/03/jumei-international-holding-ltd-jmei-stake-increased-by-blackrock-inc.html.

About Jumei International

Jumei International Holding Limited operates as an online retailer of beauty products in the People's Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children. It also provides apparel and other lifestyle products, including women's wear, footwear, lingerie, handbags and luggage, men's wear, sportswear and sporting goods, accessories, home goods, and other lifestyle products, as well as baby, children, and maternity products; and snacks, cereals, and health supplements.

Recommended Story: Derivative

Institutional Ownership by Quarter for Jumei International (NYSE:JMEI)

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

Leave a Reply