BEST Inc. (NYSE: BEST): The Best-Of-Breed For Investing?

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TimesSquare Capital Management LL. recently announced the acquisition of new stake in BEST Inc. (NYSE:BEST). The institutional investor has increased its shareholding in the Industrials company by 28.14% to 6.75 million shares with purchase of 1.48 million shares. This fresh investment now brings its stake to 2.73% valued currently at $28.91 million. In addition, BlackRock Fund Advisors raised its holdings by 0.44 million to 5.72 million shares. And SSgA Funds Management, Inc. has lifted its position by 11.36% or 0.35 million shares – to 3.44 million shares.

With over 0.67 million BEST Inc. (BEST) shares trading Wednesday and a closing price of $4.22 on the day, the dollar volume was approximately $2.84 million. The shares have shown a negative weekly performance of -10.58% and its price on 07/28/20 gained nearly 1.81%. Currently, there are 246.62M common shares owned by the public and among those 58.69M shares have been available to trade.

Incidentally, analysts’ outlook for the BEST Inc. stock is 2.10 for the next 12 months.

The top 3 mutual fund holders in BEST Inc. are Wells Fargo Emerging Markets Equi, Vanguard Total International Stoc, and Vanguard Emerging Markets Stock I. Wells Fargo Emerging Markets Equi owns 3.76 million shares of the company’s stock, all valued at over $16.08 million. The company sold -0.24 million shares recently to bring their total holdings to about 1.52% of the shares outstanding. Vanguard Emerging Markets Stock I sold -0.35 million shares to bring its total holdings to over 2.14 million shares at a value of $9.15 million. Vanguard Emerging Markets Stock I now owns shares totaling to 0.86% of the shares outstanding.

Shares of BEST Inc. (NYSE: BEST) opened at $4.24, up $0.1 from a prior closing price of $4.14. However, the script later closed the day at $4.22, up 1.81%. The company’s stock has a 5-day price change of -10.58% and -25.41% over the past three months. BEST shares are trading -25.54% year to date (YTD), with the 12-month market performance down to -14.81% lower. It has a 12-month low price of $4.05 and touched a high of $6.54 over the same period. Currently, 0.67 million shares have been traded, compared to an average intraday trading volume of 1.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.36%, -11.64%, and -20.77% respectively.

Institutional ownership of BEST Inc. (NYSE: BEST) shares accounts for 35.50% of the company’s 246.62M shares outstanding. Mutual fund holders own 10.30%, while other institutional holders and individual stakeholders account for 26.31% and — respectively.

It has a market capitalization of $1.06B. The earnings-per-share (ttm) stands at -$0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.05% over the week and 4.93% over the month.

Analysts forecast that BEST Inc. (BEST) will achieve an EPS of $0.01 for the current quarter, $0.05 for the next quarter and $0.23 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to increase by 60.60%, and 483.30% over the next financial year. EPS should grow at an annualized rate of 40.00% over the next five years, compared to 31.50% over the past 5-year period.

Looking at the support for the BEST, a number of firms have released research notes about the stock. Macquarie stated their Neutral rating for the stock in a research note on May 15, 2020, with the firm’s price target at. Oppenheimer coverage for the BEST Inc. (BEST) stock in a research note released on March 02, 2020 offered a Outperform rating with a price target of $6. Jefferies was of a view on December 05, 2019 that the stock is Buy, while Bernstein gave the stock Underperform rating on August 20, 2019, issuing a price target of. KeyBanc Capital Markets on their part issued Sector Weight rating on August 16, 2019.

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