Huami (NYSE:HMI) announced its earnings results on Thursday. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.23, Morningstar.com reports. Huami had a net margin of 8.94% and a return on equity of 23.87%. The business had revenue of $178.11 million during the quarter. Huami updated its Q1 2019 guidance to EPS.
HMI traded up $0.91 during trading hours on Friday, hitting $15.47. 228,009 shares of the company’s stock were exchanged, compared to its average volume of 237,813. Huami has a 1-year low of $8.43 and a 1-year high of $19.66. The stock has a market capitalization of $995.45 million and a price-to-earnings ratio of 23.58.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its holdings in Huami by 12.2% during the fourth quarter. GSA Capital Partners LLP now owns 19,300 shares of the company’s stock worth $190,000 after purchasing an additional 2,100 shares during the last quarter. Renaissance Group LLC acquired a new stake in Huami in the fourth quarter valued at $634,000. Symmetry Peak Management LLC lifted its stake in Huami by 106.4% in the third quarter. Symmetry Peak Management LLC now owns 51,608 shares of the company’s stock valued at $552,000 after acquiring an additional 26,608 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Huami in the third quarter valued at $1,089,000. Finally, BlackRock Inc. lifted its stake in Huami by 245.5% in the third quarter. BlackRock Inc. now owns 190,568 shares of the company’s stock valued at $2,039,000 after acquiring an additional 135,410 shares during the last quarter. Institutional investors and hedge funds own 14.85% of the company’s stock.
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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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