Echo Street Capital Management Has Cut Its Knight Transn (KNX) Holding; Jumei International Holding Ltd(ADR) (JMEI) Covered By 3 Bullish Analysts Last Week

August 4, 2017 - By Louis Casey

Echo Street Capital Management Llc decreased Knight Transn Inc (KNX) stake by 36.64% reported in 2016Q4 SEC filing. Echo Street Capital Management Llc sold 158,532 shares as Knight Transn Inc (KNX)’s stock declined 3.20%. The Echo Street Capital Management Llc holds 274,084 shares with $9.06M value, down from 432,616 last quarter. Knight Transn Inc now has $2.94B valuation. The stock rose 3.11% or $1.1 reaching $36.5. About 584,342 shares traded. Knight Transportation (NYSE:KNX) has risen 26.59% since August 4, 2016 and is uptrending. It has outperformed by 9.89% the S&P500.

Among 8 analysts covering Jumei International (NYSE:JMEI), 3 have Buy rating, 3 Sell and 2 Hold. Therefore 38% are positive. Jumei International had 9 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was upgraded by Credit Suisse to “Neutral” on Tuesday, August 25. CLSA downgraded the stock to “Underperform” rating in Monday, November 23 report. Morgan Stanley downgraded Jumei International Holding Ltd(ADR) (NYSE:JMEI) on Wednesday, April 6 to “Underweight” rating. The firm has “Buy” rating by ValuEngine given on Friday, May 26. Credit Agricole downgraded the shares of JMEI in report on Monday, November 23 to “Underperform” rating. The firm has “Neutral” rating given on Monday, November 2 by Goldman Sachs. See Jumei International Holding Ltd(ADR) (NYSE:JMEI) latest ratings:

26/05/2017 Broker: ValuEngine Old Rating: Hold New Rating: Buy Upgrade

Jumei International Holding Limited is an online retailer of beauty products. The company has market cap of $343.18 million. The Company’s sales formats consist of curated sales, online shopping mall and flash sales. It has a 16.23 P/E ratio. The Company’s Jumei Global sales channel is part of its curated sales format.

About 329,438 shares traded. Jumei International Holding Ltd(ADR) (NYSE:JMEI) has declined 33.26% since August 4, 2016 and is downtrending. It has underperformed by 49.96% the S&P500.

Since April 28, 2017, it had 0 insider purchases, and 6 selling transactions for $1.80 million activity. Shares for $175,987 were sold by Yu Wayne. 2,800 shares were sold by Updike James E. Jr., worth $100,100 on Wednesday, June 14. KNIGHT KEVIN P sold $603,526 worth of Knight Transportation (NYSE:KNX) on Friday, April 28. KNIGHT GARY J had sold 12,500 shares worth $412,880 on Tuesday, May 9. Another trade for 3,469 shares valued at $109,985 was sold by Quast Kevin. $400,005 worth of Knight Transportation (NYSE:KNX) was sold by JACKSON DAVID A on Friday, May 19.

Among 17 analysts covering Knight Transportation (NYSE:KNX), 6 have Buy rating, 2 Sell and 9 Hold. Therefore 35% are positive. Knight Transportation had 50 analyst reports since July 24, 2015 according to SRatingsIntel. As per Thursday, April 21, the company rating was maintained by Credit Suisse. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, April 21 report. Cowen & Co maintained Knight Transportation (NYSE:KNX) on Friday, December 18 with “Outperform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, October 22 report. Morgan Stanley upgraded the shares of KNX in report on Tuesday, February 23 to “Overweight” rating. William Blair downgraded the shares of KNX in report on Wednesday, January 13 to “Market Perform” rating. The company was maintained on Thursday, January 26 by Stifel Nicolaus. The company was downgraded on Wednesday, December 2 by Bank of America. The rating was downgraded by Bank of America to “Neutral” on Tuesday, June 21. The firm has “Market Perform” rating by Avondale given on Monday, March 14.

Echo Street Capital Management Llc increased Spirit Rlty Cap Inc New (NYSE:SRC) stake by 2.16M shares to 5.55 million valued at $60.31 million in 2016Q4. It also upped Waters Corp (NYSE:WAT) stake by 57,884 shares and now owns 81,309 shares. Ultimate Software Group Inc (NASDAQ:ULTI) was raised too.