International Assets Investment Management LLC Reduces Position in Cango Inc. (NYSE:CANG)

International Assets Investment Management LLC lowered its holdings in Cango Inc. (NYSE:CANG) by 53.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,250 shares of the company’s stock after selling 17,235 shares during the period. International Assets Investment Management LLC’s holdings in Cango were worth $67,000 at the end of the most recent reporting period.

Separately, Acadian Asset Management LLC raised its position in shares of Cango by 48.1% in the 2nd quarter. Acadian Asset Management LLC now owns 19,922 shares of the company’s stock valued at $32,000 after purchasing an additional 6,467 shares in the last quarter. 4.22% of the stock is owned by institutional investors.

Cango Trading Up 4.4 %

CANG stock opened at $4.46 on Wednesday. The firm has a 50 day simple moving average of $4.49 and a 200-day simple moving average of $2.77. The company has a market capitalization of $485.77 million, a P/E ratio of 26.24 and a beta of 0.75. Cango Inc. has a twelve month low of $1.02 and a twelve month high of $9.66.

Cango Company Profile

Cango Inc operates an automotive transaction service platform that connects dealers, original equipment manufacturers, financial institutions, car buyers, insurance brokers, and companies in the People's Republic of China. The company offers automobile trading solutions comprising car sourcing, transaction facilitation, logistics, and warehousing support for dealers through Cango Haoche app that offers new car transaction services, and Cango U-Car app that offers used-car transaction services.