Public Employees Retirement System of Ohio acquired a new stake in Jianpu Technology Inc – (NYSE:JT) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,000 shares of the company’s stock, valued at approximately $60,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. purchased a new position in Jianpu Technology during the 1st quarter valued at about $40,000. Stevens Capital Management LP purchased a new position in Jianpu Technology during the 2nd quarter valued at about $54,000. Renaissance Technologies LLC grew its holdings in Jianpu Technology by 28.0% during the 2nd quarter. Renaissance Technologies LLC now owns 929,000 shares of the company’s stock valued at $3,474,000 after buying an additional 203,034 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in Jianpu Technology by 7.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,086,761 shares of the company’s stock valued at $4,032,000 after buying an additional 73,312 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Jianpu Technology by 1.7% during the 1st quarter. Wells Fargo & Company MN now owns 7,451,711 shares of the company’s stock valued at $37,334,000 after buying an additional 128,100 shares in the last quarter. Institutional investors and hedge funds own 17.13% of the company’s stock.
Shares of NYSE JT traded down $0.10 during midday trading on Wednesday, hitting $2.50. 3,615 shares of the company’s stock were exchanged, compared to its average volume of 260,242. Jianpu Technology Inc – has a 12-month low of $2.58 and a 12-month high of $7.97. The company has a market cap of $469.63 million, a price-to-earnings ratio of -17.71 and a beta of 1.49. The business’s fifty day moving average price is $3.23 and its two-hundred day moving average price is $4.24.
A number of research firms have weighed in on JT. TheStreet lowered Jianpu Technology from a “c-” rating to a “d+” rating in a report on Monday, July 22nd. Goldman Sachs Group lowered Jianpu Technology from a “buy” rating to a “neutral” rating in a report on Wednesday, June 26th. UBS Group reaffirmed a “sell” rating on shares of Jianpu Technology in a report on Wednesday, September 4th. Zacks Investment Research raised Jianpu Technology from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Tuesday, August 13th. Finally, ValuEngine raised Jianpu Technology from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Jianpu Technology presently has an average rating of “Hold” and an average price target of $6.75.
About Jianpu Technology
Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.
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