Caxton Associates LP Grows Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Caxton Associates LP grew its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 119.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,906 shares of the company’s stock after acquiring an additional 53,272 shares during the period. Caxton Associates LP’s holdings in Full Truck Alliance were worth $787,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tobam acquired a new position in Full Truck Alliance in the 2nd quarter worth about $35,000. Blue Trust Inc. purchased a new stake in shares of Full Truck Alliance in the second quarter valued at approximately $38,000. Atomi Financial Group Inc. raised its stake in shares of Full Truck Alliance by 12.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock worth $97,000 after buying an additional 1,329 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Full Truck Alliance by 34.0% during the 1st quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock valued at $98,000 after buying an additional 3,421 shares in the last quarter. Finally, Barometer Capital Management Inc. acquired a new stake in Full Truck Alliance in the 4th quarter valued at $122,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Up 9.8 %

NYSE:YMM opened at $9.07 on Friday. The stock has a 50 day moving average of $7.50 and a two-hundred day moving average of $7.99. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $9.68. The firm has a market cap of $9.56 billion, a P/E ratio of 28.34 and a beta of 0.20.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $380.38 million during the quarter, compared to the consensus estimate of $369.24 million. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. On average, research analysts forecast that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price objective on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.