SteelPeak Wealth LLC Raises Stock Position in EHang Holdings Limited (NASDAQ:EH)

SteelPeak Wealth LLC raised its stake in shares of EHang Holdings Limited (NASDAQ:EH) by 70.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,110 shares of the company’s stock after purchasing an additional 27,805 shares during the period. SteelPeak Wealth LLC owned 0.11% of EHang worth $949,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Comerica Bank increased its position in shares of EHang by 685.1% during the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $26,000 after purchasing an additional 1,103 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of EHang during the first quarter worth $228,000. XTX Topco Ltd acquired a new stake in shares of EHang in the second quarter valued at about $383,000. Russell Investments Group Ltd. purchased a new position in shares of EHang in the first quarter worth about $484,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in EHang by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company’s stock worth $510,000 after acquiring an additional 4,353 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EH. UBS Group began coverage on shares of EHang in a report on Wednesday, August 28th. They issued a “buy” rating and a $22.00 price objective for the company. China Renaissance began coverage on EHang in a report on Tuesday, September 24th. They issued a “buy” rating for the company.

EHang Trading Up 1.0 %

Shares of EH opened at $17.41 on Thursday. EHang Holdings Limited has a 12-month low of $9.51 and a 12-month high of $22.98. The firm has a market capitalization of $1.11 billion, a P/E ratio of -30.02 and a beta of 1.01. The firm has a 50-day moving average price of $14.78 and a 200 day moving average price of $14.99. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02.

EHang (NASDAQ:EH) last announced its quarterly earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. The firm had revenue of $14.04 million for the quarter. During the same period in the prior year, the company earned ($0.18) EPS. Sell-side analysts forecast that EHang Holdings Limited will post -0.41 EPS for the current year.

EHang Company 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.