Fox Run Management L.L.C. Invests $414,000 in ZTO Express (Cayman) Inc. $ZTO

Fox Run Management L.L.C. bought a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,581 shares of the transportation company’s stock, valued at approximately $414,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in ZTO Express (Cayman) by 22.9% in the 1st quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company’s stock valued at $3,475,000 after buying an additional 32,663 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of ZTO Express (Cayman) during the 1st quarter worth about $421,000. Hantz Financial Services Inc. boosted its position in shares of ZTO Express (Cayman) by 986.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 3,501 shares in the last quarter. Bank of Montreal Can increased its stake in ZTO Express (Cayman) by 1.0% in the second quarter. Bank of Montreal Can now owns 84,694 shares of the transportation company’s stock valued at $1,503,000 after acquiring an additional 812 shares during the period. Finally, Savant Capital LLC raised its position in ZTO Express (Cayman) by 11.5% in the second quarter. Savant Capital LLC now owns 12,242 shares of the transportation company’s stock worth $217,000 after purchasing an additional 1,260 shares in the last quarter. 41.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

ZTO has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. Zacks Research lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Wall Street Zen cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Macquarie Infrastructure raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.36.

ZTO Express (Cayman) Price Performance

NYSE ZTO opened at $24.40 on Monday. The firm has a market cap of $14.38 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 4.41 and a beta of -0.20. ZTO Express has a one year low of $16.34 and a one year high of $25.52. The stock’s 50 day simple moving average is $22.79 and its 200 day simple moving average is $20.60.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.