Connor Clark & Lunn Investment Management Ltd. Takes Position in Yatsen Holding Limited (NYSE:YSG)

Nov 12, 2023

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Yatsen Holding Limited (NYSE:YSG - Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 166,379 shares of the company's stock, valued at approximately $243,000.

A number of other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Yatsen by 1.1% during the first quarter. Wellington Management Group LLP now owns 14,922,151 shares of the company's stock worth $10,243,000 after purchasing an additional 159,337 shares during the period. Vanguard Group Inc. boosted its holdings in Yatsen by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 10,910,005 shares of the company's stock worth $11,893,000 after buying an additional 604,676 shares during the period. Renaissance Technologies LLC grew its stake in Yatsen by 131.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,368,600 shares of the company's stock valued at $3,686,000 after buying an additional 3,050,969 shares in the last quarter. State Street Corp raised its holdings in Yatsen by 36.6% during the 3rd quarter. State Street Corp now owns 1,194,308 shares of the company's stock valued at $1,302,000 after acquiring an additional 320,022 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Yatsen during the first quarter worth $666,000. 24.99% of the stock is owned by hedge funds and other institutional investors.

YSG stock opened at $0.97 on Monday. The stock has a 50-day simple moving average of $1.09 and a two-hundred day simple moving average of $1.31. Yatsen Holding Limited has a twelve month low of $0.49 and a twelve month high of $2.20.

Yatsen (NYSE:YSG - Get Rating) last announced its quarterly earnings data on Wednesday, March 8th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.07. The firm had revenue of $145.78 million for the quarter, compared to analyst estimates of $156.41 million. Yatsen had a negative return on equity of 9.59% and a negative net margin of 13.27%.

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China. It offers color cosmetics, eye makeup, lip makeup, face makeup, skincare, and nail products; and makeup tools and accessories, including brush sets, cotton cosmetic pads, mirrors, and makeup sponges.

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