SteelPeak Wealth LLC Decreases Holdings in EHang Holdings Limited (NASDAQ:EH)

SteelPeak Wealth LLC trimmed its holdings in shares of EHang Holdings Limited (NASDAQ:EH) by 61.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,673 shares of the company’s stock after selling 17,029 shares during the quarter. SteelPeak Wealth LLC’s holdings in EHang were worth $179,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EH. Tower Research Capital LLC TRC raised its position in EHang by 290.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,382 shares of the company’s stock worth $25,000 after purchasing an additional 1,028 shares during the period. Itau Unibanco Holding S.A. raised its position in EHang by 60.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,934 shares of the company’s stock worth $29,000 after purchasing an additional 725 shares during the period. US Bancorp DE purchased a new stake in EHang in the 2nd quarter worth about $37,000. Credit Suisse AG purchased a new stake in EHang in the 2nd quarter worth about $47,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in EHang in the 3rd quarter worth about $85,000. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

EHang Stock Performance

Shares of NASDAQ:EH opened at $19.36 on Friday. The firm has a market cap of $1.13 billion, a PE ratio of -27.66 and a beta of 1.04. The firm’s 50 day simple moving average is $13.35 and its 200-day simple moving average is $15.03. EHang Holdings Limited has a one year low of $9.18 and a one year high of $25.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.81.

EHang Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.