Huami (NYSE:HMI) posted its quarterly earnings data on Thursday. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.23, Morningstar.com reports. Huami had a return on equity of 23.87% and a net margin of 8.94%. The company had revenue of $178.11 million during the quarter. Huami updated its Q1 2019 guidance to EPS.
Shares of HMI traded up $0.84 during mid-day trading on Friday, hitting $15.40. The company’s stock had a trading volume of 220,045 shares, compared to its average volume of 237,813. The stock has a market capitalization of $995.45 million and a price-to-earnings ratio of 23.58. Huami has a one year low of $8.43 and a one year high of $19.66.
A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in Huami by 4,910.4% in the 2nd quarter. Bank of America Corp DE now owns 10,121 shares of the company’s stock worth $100,000 after purchasing an additional 9,919 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Huami during the third quarter valued at approximately $184,000. Symmetry Peak Management LLC lifted its position in Huami by 106.4% during the third quarter. Symmetry Peak Management LLC now owns 51,608 shares of the company’s stock valued at $552,000 after buying an additional 26,608 shares in the last quarter. BlackRock Inc. acquired a new position in Huami during the second quarter valued at approximately $543,000. Finally, Renaissance Group LLC acquired a new position in Huami during the fourth quarter valued at approximately $634,000. 14.85% of the stock is owned by hedge funds and other institutional investors.
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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