EntryPoint Capital LLC Has $97,000 Stock Holdings in Hesai Group (NASDAQ:HSAI)

EntryPoint Capital LLC lifted its holdings in Hesai Group (NASDAQ:HSAI) by 34.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,254 shares of the company’s stock after purchasing an additional 4,912 shares during the quarter. EntryPoint Capital LLC’s holdings in Hesai Group were worth $97,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HSAI. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Hesai Group by 3.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,104,843 shares of the company’s stock worth $9,844,000 after buying an additional 38,234 shares in the last quarter. Polunin Capital Partners Ltd bought a new position in Hesai Group in the first quarter valued at approximately $5,323,000. GSA Capital Partners LLP acquired a new stake in Hesai Group during the 1st quarter worth $1,141,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Hesai Group during the 4th quarter valued at $1,431,000. Finally, E Fund Management Co. Ltd. acquired a new position in shares of Hesai Group in the 4th quarter valued at $1,523,000. Institutional investors and hedge funds own 48.53% of the company’s stock.

Hesai Group Stock Up 1.2 %

Shares of Hesai Group stock traded up $0.05 during trading on Friday, reaching $4.35. 157,247 shares of the company were exchanged, compared to its average volume of 673,795. The business has a 50-day moving average price of $4.63 and a 200-day moving average price of $4.92. The company has a quick ratio of 2.84, a current ratio of 3.33 and a debt-to-equity ratio of 0.09. Hesai Group has a twelve month low of $3.28 and a twelve month high of $13.70.

Hesai Group (NASDAQ:HSAI) last posted its earnings results on Monday, May 20th. The company reported ($0.08) earnings per share for the quarter. Hesai Group had a negative return on equity of 9.83% and a negative net margin of 25.68%. The firm had revenue of $49.74 million during the quarter. On average, equities analysts predict that Hesai Group will post -0.45 earnings per share for the current year.

Hesai Group Profile

Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.