First Trust Advisors LP Sells 20,661 Shares of BEST Inc (BSTI)

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First Trust Advisors LP lowered its position in BEST Inc (NYSE:BSTI) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,036 shares of the company’s stock after selling 20,661 shares during the quarter. First Trust Advisors LP owned 0.06% of BEST worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in BEST by 114.1% in the second quarter. Bank of Montreal Can now owns 146,035 shares of the company’s stock valued at $1,784,000 after buying an additional 77,835 shares during the last quarter. SG Americas Securities LLC boosted its stake in BEST by 64.8% in the second quarter. SG Americas Securities LLC now owns 20,758 shares of the company’s stock valued at $254,000 after acquiring an additional 8,161 shares in the last quarter. BRILLIANCE ASSET MANAGEMENT Ltd acquired a new position in BEST in the second quarter valued at $257,000. Russell Investments Group Ltd. acquired a new position in BEST in the second quarter valued at $625,000. Finally, GSA Capital Partners LLP acquired a new position in BEST in the second quarter valued at $2,764,000. 17.19% of the stock is owned by institutional investors.

NYSE BSTI opened at $4.66 on Friday. BEST Inc has a 1 year low of $4.66 and a 1 year high of $13.54. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -3.67 and a beta of -1.90.

BEST (NYSE:BSTI) last released its quarterly earnings data on Friday, November 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Equities research analysts forecast that BEST Inc will post -0.17 EPS for the current fiscal year.

Several research firms have issued reports on BSTI. Zacks Investment Research upgraded shares of BEST from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. KeyCorp decreased their price objective on shares of BEST from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, November 12th. Macquarie upgraded shares of BEST from a “neutral” rating to an “outperform” rating and set a $8.00 price objective for the company in a research note on Wednesday, September 12th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BEST from $14.80 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. BEST has a consensus rating of “Buy” and a consensus price target of $9.33.

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BEST Company 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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