Connor Clark & Lunn Investment Management Ltd. Increases Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Connor Clark & Lunn Investment Management Ltd. grew its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 75.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 619,134 shares of the transportation company’s stock after buying an additional 266,981 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of ZTO Express (Cayman) worth $12,104,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ZTO. Crossmark Global Holdings Inc. increased its position in shares of ZTO Express (Cayman) by 23.1% in the third quarter. Crossmark Global Holdings Inc. now owns 26,363 shares of the transportation company’s stock valued at $653,000 after buying an additional 4,943 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of ZTO Express (Cayman) by 148.7% during the third quarter. GSA Capital Partners LLP now owns 27,745 shares of the transportation company’s stock valued at $687,000 after acquiring an additional 16,588 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of ZTO Express (Cayman) during the third quarter valued at $248,000. Caprock Group LLC acquired a new stake in shares of ZTO Express (Cayman) during the third quarter valued at $230,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of ZTO Express (Cayman) during the third quarter valued at $505,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Trading Up 3.0 %

Shares of NYSE:ZTO opened at $19.99 on Friday. The stock’s 50-day moving average price is $19.34 and its two-hundred day moving average price is $20.98. ZTO Express has a 12-month low of $17.89 and a 12-month high of $27.50. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.03 and a beta of -0.13.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $20.00 in a research note on Tuesday, January 21st. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Hsbc Global Res lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.53.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.