Fox Run Management L.L.C. Makes New Investment in ZTO Express (Cayman) Inc. $ZTO

Fox Run Management L.L.C. bought a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the third quarter, HoldingsChannel.com reports. The fund bought 21,581 shares of the transportation company’s stock, valued at approximately $414,000.

Other large investors also recently modified their holdings of the company. Mackenzie Financial Corp acquired a new stake in shares of ZTO Express (Cayman) in the second quarter valued at approximately $12,604,000. Norges Bank bought a new position in ZTO Express (Cayman) in the 2nd quarter valued at $7,446,000. Pzena Investment Management LLC increased its stake in shares of ZTO Express (Cayman) by 4.9% in the 3rd quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock valued at $153,589,000 after buying an additional 376,179 shares during the period. TB Alternative Assets Ltd. raised its position in shares of ZTO Express (Cayman) by 208.5% during the third quarter. TB Alternative Assets Ltd. now owns 254,948 shares of the transportation company’s stock worth $4,895,000 after acquiring an additional 172,300 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of ZTO Express (Cayman) by 29.3% during the second quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company’s stock worth $8,316,000 after acquiring an additional 106,180 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $24.40 on Monday. The stock has a market cap of $14.38 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 4.41 and a beta of -0.20. The stock has a 50-day moving average of $22.79 and a 200-day moving average of $20.60. ZTO Express has a one year low of $16.34 and a one year high of $25.52.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Macquarie Infrastructure upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. Zacks Research lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Wall Street Zen cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.36.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.