Jumei International Holding Ltd (NYSE:JMEI) shares saw an uptick in trading volume on Monday . 1,424,358 shares changed hands during trading, an increase of 146% from the previous session’s volume of 579,574 shares.The stock last traded at $2.50 and had previously closed at $2.45.
Separately, ValuEngine raised shares of Jumei International from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
Several hedge funds and other institutional investors have recently bought and sold shares of JMEI. Wealth Architects LLC bought a new stake in shares of Jumei International during the fourth quarter valued at approximately $37,000. BlackRock Inc. boosted its stake in Jumei International by 6.5% in the third quarter. BlackRock Inc. now owns 1,628,740 shares of the specialty retailer’s stock valued at $3,468,000 after acquiring an additional 98,743 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Jumei International by 108.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,400 shares of the specialty retailer’s stock valued at $250,000 after acquiring an additional 71,030 shares during the last quarter. Virtu Financial LLC boosted its stake in Jumei International by 158.8% in the fourth quarter. Virtu Financial LLC now owns 54,665 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 33,545 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Jumei International by 287.0% in the third quarter. Dimensional Fund Advisors LP now owns 245,981 shares of the specialty retailer’s stock valued at $525,000 after acquiring an additional 182,421 shares during the last quarter. 5.52% of the stock is owned by institutional investors.
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