Huami (HMI) Shares Down 12.5%

Huami Corp (NYSE:HMI) shares were down 12.5% during mid-day trading on Thursday . The company traded as low as $13.99 and last traded at $15.33. Approximately 946,565 shares traded hands during trading, an increase of 353% from the average daily volume of 208,775 shares. The stock had previously closed at $17.52.

The firm has a market cap of $894.48 million and a PE ratio of 25.13.

Several hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its holdings in shares of Huami by 12.2% during the fourth quarter. GSA Capital Partners LLP now owns 19,300 shares of the company’s stock valued at $190,000 after buying an additional 2,100 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Huami by 4,910.4% during the second quarter. Bank of America Corp DE now owns 10,121 shares of the company’s stock valued at $100,000 after buying an additional 9,919 shares during the last quarter. Symmetry Peak Management LLC grew its holdings in shares of 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 during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Huami by 1.6% during the third quarter. Wells Fargo & Company MN now owns 3,203,023 shares of the company’s stock valued at $34,272,000 after buying an additional 49,812 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in Huami during the second quarter worth about $543,000. Hedge funds and other institutional investors own 15.04% of the company’s stock.

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Huami Company Profile (NYSE:HMI)

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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