Jumei International Holding Limited (JMEI) Downgraded to Strong Sell at BidaskClub

BidaskClub cut shares of Jumei International Holding Limited (NYSE:JMEI) from a sell rating to a strong sell rating in a report released on Thursday, October 26th.

Shares of Jumei International Holding Limited (NYSE:JMEI) traded up $0.21 during trading hours on Thursday, hitting $3.15. 1,640,000 shares of the stock traded hands, compared to its average volume of 914,525. Jumei International Holding Limited has a 1-year low of $2.00 and a 1-year high of $5.10.

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Several institutional investors have recently added to or reduced their stakes in JMEI. Davis Selected Advisers boosted its position in shares of Jumei International Holding Limited by 3.6% during the 2nd quarter. Davis Selected Advisers now owns 105,490 shares of the specialty retailer’s stock valued at $225,000 after purchasing an additional 3,640 shares in the last quarter. Profund Advisors LLC increased its holdings in Jumei International Holding Limited by 5.2% in the second quarter. Profund Advisors LLC now owns 105,162 shares of the specialty retailer’s stock worth $224,000 after buying an additional 5,155 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Jumei International Holding Limited in the first quarter worth $104,000. Morgan Stanley grew its stake in shares of Jumei International Holding Limited by 4.0% in the first quarter. Morgan Stanley now owns 3,680,383 shares of the specialty retailer’s stock worth $13,580,000 after acquiring an additional 142,854 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Jumei International Holding Limited by 28.2% in the first quarter. Renaissance Technologies LLC now owns 2,941,800 shares of the specialty retailer’s stock worth $10,855,000 after acquiring an additional 647,000 shares during the last quarter. Institutional investors and hedge funds own 26.97% of the company’s stock.

Jumei International Holding Limited Company Profile

Jumei International Holding Limited is an online retailer of beauty products. The Company’s sales formats consist of curated sales, online shopping mall and flash sales. The Company’s Jumei Global sales channel is part of its curated sales format. The Company’s curated sales format includes branded beauty products, baby, children and maternity products, light luxury products and health supplements.

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