Perseverance Asset Management International Buys New Stake in Yatsen Holding Limited Sponsored ADR $YSG

Perseverance Asset Management International bought a new stake in Yatsen Holding Limited Sponsored ADR (NYSE:YSG) in the 4th quarter, HoldingsChannel.com reports. The firm bought 529,993 shares of the company’s stock, valued at approximately $2,062,000. Yatsen accounts for 0.3% of Perseverance Asset Management International’s portfolio, making the stock its 13th biggest position.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new position in shares of Yatsen in the 3rd quarter valued at $1,805,000. Dorsey Wright & Associates acquired a new position in shares of Yatsen in the 3rd quarter valued at $1,340,000. Engineers Gate Manager LP acquired a new position in shares of Yatsen in the 2nd quarter valued at $156,000. Two Sigma Investments LP acquired a new position in shares of Yatsen in the 3rd quarter valued at $114,000. Finally, Bank of America Corp DE acquired a new position in shares of Yatsen in the 4th quarter valued at $42,000.

Yatsen Stock Performance

NYSE:YSG opened at $3.16 on Friday. The company has a fifty day moving average of $2.96 and a two-hundred day moving average of $3.85. The stock has a market capitalization of $296.22 million, a PE ratio of -15.03 and a beta of -1.59. Yatsen Holding Limited Sponsored ADR has a fifty-two week low of $2.15 and a fifty-two week high of $11.57.

Yatsen (NYSE:YSG) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.00 earnings per share for the quarter. The company had revenue of $148.08 million during the quarter. Yatsen had a negative net margin of 3.04% and a negative return on equity of 4.54%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Yatsen from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

About Yatsen

Yatsen Holding Limited (NYSE: YSG) is a Shanghai-based beauty and personal care company founded in 2016. The firm operates as a digital-first cosmetics provider, designing, developing and marketing its own brands to a primarily Chinese consumer base. Since its inception, Yatsen has focused on leveraging data analytics and social media engagement to drive product innovation and brand awareness.

The company’s core portfolio includes Perfect Diary, a color-cosmetics brand offering lipsticks, eyeshadows, foundations and related accessories; Little Ondine, which specializes in nail lacquers and nail care products; Winona, a sensitive-skin skincare line; and Abby’s Choice, which features targeted skincare treatments.