International Assets Investment Management LLC Has $580,000 Holdings in Cango Inc. (NYSE:CANG)

International Assets Investment Management LLC grew its holdings in shares of Cango Inc. (NYSE:CANG) by 99.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,485 shares of the company’s stock after buying an additional 16,235 shares during the period. International Assets Investment Management LLC’s holdings in Cango were worth $580,000 as of its most recent filing with the SEC.

Separately, Acadian Asset Management LLC boosted its stake in Cango by 48.1% during the second quarter. Acadian Asset Management LLC now owns 19,922 shares of the company’s stock worth $32,000 after acquiring an additional 6,467 shares in the last quarter. Hedge funds and other institutional investors own 4.22% of the company’s stock.

Cango Trading Up 1.1 %

NYSE:CANG opened at $2.83 on Wednesday. Cango Inc. has a 12 month low of $0.92 and a 12 month high of $3.00. The stock has a market capitalization of $308.24 million, a price-to-earnings ratio of 141.50 and a beta of 0.63. The firm has a fifty day simple moving average of $1.84 and a two-hundred day simple moving average of $1.75.

Cango (NYSE:CANG) last issued its earnings results on Thursday, August 29th. The company reported $0.10 EPS for the quarter. Cango had a return on equity of 0.55% and a net margin of 3.61%. The company had revenue of $6.20 million during the quarter.

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.