Huami (NYSE:HMI) Trading 9% Higher

Huami Corp (NYSE:HMI) traded up 9% on Tuesday . The company traded as high as $10.14 and last traded at $9.96. 707,948 shares were traded during mid-day trading, an increase of 106% from the average session volume of 344,419 shares. The stock had previously closed at $9.14.

Separately, ValuEngine cut shares of Huami from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd.

The stock has a market cap of $591.96 million, a price-to-earnings ratio of 10.83 and a beta of 2.16.

Huami (NYSE:HMI) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.23. Huami had a net margin of 10.35% and a return on equity of 23.00%. The firm had revenue of $178.11 million during the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in HMI. FIL Ltd lifted its position in Huami by 951.1% in the first quarter. FIL Ltd now owns 839,530 shares of the company’s stock valued at $10,989,000 after acquiring an additional 759,662 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Huami by 10.4% in the first quarter. Wells Fargo & Company MN now owns 3,552,930 shares of the company’s stock valued at $46,507,000 after buying an additional 334,907 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Huami by 190.8% in the first quarter. Renaissance Technologies LLC now owns 494,584 shares of the company’s stock valued at $6,474,000 after buying an additional 324,484 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Huami by 86.5% in the first quarter. OppenheimerFunds Inc. now owns 639,006 shares of the company’s stock valued at $8,365,000 after buying an additional 296,450 shares during the last quarter. Finally, Rock Creek Group LP purchased a new stake in shares of Huami in the first quarter valued at about $2,038,000. 15.28% of the stock is owned by hedge funds and other institutional investors.

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Huami Company Profile (NYSE:HMI)

Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the People's Republic of China. It operates through two segments, Xiaomi Wearable Products, and Self-Branded Products and Others. The company offers smart bands, watches, and scales; and a range of accessories, including bands, watch straps, necklaces, sportswear, etc.

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