Jianpu Technology Inc – (JT) Shares Bought by Granite Point Capital Management L.P.

Granite Point Capital Management L.P. increased its position in Jianpu Technology Inc – (NYSE:JT) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 514,492 shares of the company’s stock after acquiring an additional 40,319 shares during the period. Granite Point Capital Management L.P.’s holdings in Jianpu Technology were worth $2,516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JT. AXA lifted its stake in Jianpu Technology by 23.9% in the third quarter. AXA now owns 234,034 shares of the company’s stock valued at $1,144,000 after buying an additional 45,169 shares during the period. Wells Fargo & Company MN lifted its stake in Jianpu Technology by 1.9% in the third quarter. Wells Fargo & Company MN now owns 6,941,275 shares of the company’s stock valued at $33,942,000 after buying an additional 132,282 shares during the period. Jane Street Group LLC acquired a new position in Jianpu Technology in the second quarter valued at approximately $101,000. Yiheng Capital LLC raised its position in shares of Jianpu Technology by 42.3% during the second quarter. Yiheng Capital LLC now owns 4,117,708 shares of the company’s stock worth $27,218,000 after purchasing an additional 1,223,801 shares during the period. Finally, Krane Funds Advisors LLC acquired a new position in shares of Jianpu Technology during the second quarter worth approximately $1,401,000. 11.52% of the stock is owned by institutional investors.

Shares of NYSE:JT opened at $4.50 on Friday. Jianpu Technology Inc – has a twelve month low of $4.01 and a twelve month high of $9.49.

Jianpu Technology (NYSE:JT) last issued its earnings results on Monday, November 19th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Jianpu Technology had a negative return on equity of 19.36% and a negative net margin of 16.81%. The firm had revenue of $64.61 million for the quarter. On average, equities analysts predict that Jianpu Technology Inc – will post -0.08 earnings per share for the current year.

Separately, Zacks Investment Research lowered Jianpu Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th.

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About Jianpu Technology

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

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Institutional Ownership by Quarter for Jianpu Technology (NYSE:JT)

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