Goldman Sachs Group Inc. bought a new stake in shares of BEST (NYSE:BSTI) in the fourth quarter, HoldingsChannel.com reports. The fund bought 228,001 shares of the company’s stock, valued at approximately $2,047,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in BSTI. Wells Fargo & Company MN increased its position in shares of BEST by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,929,506 shares of the company’s stock valued at $62,227,000 after acquiring an additional 1,409,506 shares in the last quarter. Stansberry Asset Management LLC bought a new stake in shares of BEST during the fourth quarter valued at approximately $1,940,000. Tiger Pacific Capital LP bought a new stake in shares of BEST during the fourth quarter valued at approximately $1,315,000. NWI Management LP increased its position in shares of BEST by 13.7% during the fourth quarter. NWI Management LP now owns 1,136,602 shares of the company’s stock valued at $10,207,000 after acquiring an additional 136,602 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of BEST during the fourth quarter valued at approximately $651,000. 10.98% of the stock is owned by institutional investors.
Shares of BSTI stock opened at $10.19 on Tuesday. BEST has a 12-month low of $8.08 and a 12-month high of $13.25.
ILLEGAL ACTIVITY WARNING: This article was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.chaffeybreeze.com/2018/04/17/228001-shares-in-best-bsti-purchased-by-goldman-sachs-group-inc.html.
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
Want to see what other hedge funds are holding BSTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BEST (NYSE:BSTI).
Receive News & Ratings for BEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BEST and related companies with MarketBeat.com's FREE daily email newsletter.