ValuEngine downgraded shares of Huami (NYSE:HMI) from a buy rating to a hold rating in a report released on Thursday morning, ValuEngine reports.

Huami stock opened at $8.16 on Thursday. Huami has a twelve month low of $8.62 and a twelve month high of $19.66. The firm has a market cap of $558.68 million, a PE ratio of 12.21 and a beta of 1.81.

Huami (NYSE:HMI) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.23. Huami had a return on equity of 20.91% and a net margin of 9.24%. The business had revenue of $178.11 million for the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP boosted its stake 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 worth $190,000 after buying an additional 2,100 shares during the period. Zevenbergen Capital Investments LLC acquired a new stake in shares of Huami during the first quarter worth about $180,000. Virtu Financial LLC acquired a new stake in shares of Huami during the first quarter worth about $228,000. Marshall Wace LLP boosted its stake in shares of Huami by 3,764.9% during the first quarter. Marshall Wace LLP now owns 23,576 shares of the company’s stock worth $309,000 after buying an additional 22,966 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of Huami during the first quarter worth about $379,000. Institutional investors and hedge funds own 18.46% of the company’s stock.

Huami Company Profile

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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