204,871 Shares in Hesai Group Sponsored ADR $HSAI Bought by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in Hesai Group Sponsored ADR (NASDAQ:HSAI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 204,871 shares of the company’s stock, valued at approximately $4,589,000. Graham Capital Management L.P. owned 0.15% of Hesai Group as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HSAI. Squarepoint Ops LLC increased its position in Hesai Group by 11.8% during the 4th quarter. Squarepoint Ops LLC now owns 52,464 shares of the company’s stock valued at $1,175,000 after purchasing an additional 5,532 shares during the period. Eschler Asset Management LLP increased its position in Hesai Group by 7.5% during the 4th quarter. Eschler Asset Management LLP now owns 33,000 shares of the company’s stock valued at $739,000 after purchasing an additional 2,300 shares during the period. Marshall Wace LLP purchased a new position in Hesai Group during the 4th quarter valued at $3,992,000. Hudson Bay Capital Management LP purchased a new position in Hesai Group during the 4th quarter valued at $752,000. Finally, Schroder Investment Management Group increased its position in Hesai Group by 17,419.6% during the 4th quarter. Schroder Investment Management Group now owns 2,065,906 shares of the company’s stock valued at $46,276,000 after purchasing an additional 2,054,114 shares during the period. 48.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Hesai Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Wall Street Zen downgraded shares of Hesai Group from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, BNP Paribas Exane assumed coverage on shares of Hesai Group in a research report on Thursday, March 26th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $30.13.

Hesai Group Stock Down 8.7%

Shares of Hesai Group stock opened at $17.14 on Wednesday. The company’s fifty day simple moving average is $21.17 and its two-hundred day simple moving average is $22.97. The company has a market cap of $2.40 billion, a P/E ratio of 38.96, a PEG ratio of 0.72 and a beta of 1.34. The company has a current ratio of 4.97, a quick ratio of 4.52 and a debt-to-equity ratio of 0.03. Hesai Group Sponsored ADR has a 12-month low of $14.69 and a 12-month high of $30.85.

Hesai Group (NASDAQ:HSAI) last released its earnings results on Friday, May 15th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $98.71 million for the quarter, compared to the consensus estimate of $96.50 million. Hesai Group had a net margin of 14.75% and a return on equity of 6.03%. Research analysts anticipate that Hesai Group Sponsored ADR will post 0.66 EPS for the current year.

Hesai Group Profile

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.