Davis Selected Advisers Raises Position in Jumei International Holding Limited (JMEI)

Davis Selected Advisers lifted its position in shares of Jumei International Holding Limited (NYSE:JMEI) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,490 shares of the specialty retailer’s stock after buying an additional 3,640 shares during the period. Davis Selected Advisers owned approximately 0.12% of Jumei International Holding Limited worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP increased its holdings in Jumei International Holding Limited by 60.4% in the 1st quarter. Marshall Wace LLP now owns 58,379 shares of the specialty retailer’s stock valued at $234,000 after purchasing an additional 21,974 shares during the last quarter. Karp Capital Management Corp purchased a new position in Jumei International Holding Limited in the 1st quarter valued at approximately $104,000. SG Americas Securities LLC boosted its position in Jumei International Holding Limited by 21.7% in the 1st quarter. SG Americas Securities LLC now owns 414,198 shares of the specialty retailer’s stock valued at $1,528,000 after buying an additional 73,800 shares during the period. Morgan Stanley boosted its position in Jumei International Holding Limited by 4.0% in the 1st quarter. Morgan Stanley now owns 3,680,383 shares of the specialty retailer’s stock valued at $13,580,000 after buying an additional 142,854 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Jumei International Holding Limited by 28.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,941,800 shares of the specialty retailer’s stock valued at $10,855,000 after buying an additional 647,000 shares during the period. Institutional investors and hedge funds own 26.95% of the company’s stock.

Shares of Jumei International Holding Limited (NYSE JMEI) opened at 3.05 on Friday. The stock’s 50 day moving average is $2.92 and its 200 day moving average is $3.00. The stock has a market capitalization of $456.73 million, a PE ratio of 21.18 and a beta of 1.57. Jumei International Holding Limited has a 52-week low of $2.00 and a 52-week high of $6.19.

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Several equities analysts have commented on JMEI shares. BidaskClub raised shares of Jumei International Holding Limited from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 13th. ValuEngine cut shares of Jumei International Holding Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.

Jumei International Holding Limited 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.

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

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