Renaissance Technologies LLC Has $208,000 Stock Holdings in Hesai Group (NASDAQ:HSAI)

Renaissance Technologies LLC grew its stake in shares of Hesai Group (NASDAQ:HSAI) by 44.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,700 shares of the company’s stock after buying an additional 15,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Hesai Group were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC grew its stake in Hesai Group by 34.2% during the first quarter. EntryPoint Capital LLC now owns 19,254 shares of the company’s stock worth $97,000 after purchasing an additional 4,912 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Hesai Group in the 4th quarter valued at $590,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Hesai Group during the 1st quarter valued at $352,000. Finally, GSA Capital Partners LLP bought a new position in Hesai Group during the first quarter worth $1,141,000. Institutional investors and hedge funds own 48.53% of the company’s stock.

Hesai Group Trading Down 6.3 %

Shares of Hesai Group stock opened at $5.03 on Friday. The stock has a market capitalization of $638.32 million, a PE ratio of -9.85 and a beta of 1.42. The stock has a 50 day moving average price of $4.23 and a two-hundred day moving average price of $4.53. Hesai Group has a 52 week low of $3.28 and a 52 week high of $11.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.68 and a current ratio of 3.16.

Hesai Group (NASDAQ:HSAI) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.05) EPS for the quarter. The company had revenue of $63.14 million during the quarter. Hesai Group had a negative return on equity of 9.22% and a negative net margin of 25.30%. As a group, equities analysts anticipate that Hesai Group will post -0.35 earnings per share for the current fiscal year.

About Hesai Group

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.