Renaissance Technologies LLC Reduces Stake in Cheche Group Inc. $CCG

Renaissance Technologies LLC reduced its position in Cheche Group Inc. (NASDAQ:CCG) by 33.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 143,989 shares of the company’s stock after selling 71,500 shares during the period. Renaissance Technologies LLC’s holdings in Cheche Group were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, XTX Topco Ltd purchased a new stake in Cheche Group during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 19.76% of the company’s stock.

Cheche Group Trading Up 2.6%

Shares of CCG stock opened at $16.00 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $31.62 million, a price-to-earnings ratio of -5.71 and a beta of 0.18. Cheche Group Inc. has a 1 year low of $10.20 and a 1 year high of $53.90. The firm has a fifty day moving average price of $14.74 and a 200-day moving average price of $21.52.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheche Group in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Cheche Group

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.