Renaissance Technologies LLC Decreases Stock Position in Cheche Group Inc. $CCG

Renaissance Technologies LLC trimmed its holdings in shares of Cheche Group Inc. (NASDAQ:CCG) by 33.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 143,989 shares of the company’s stock after selling 71,500 shares during the period. Renaissance Technologies LLC owned approximately 0.22% of Cheche Group worth $127,000 at the end of the most recent quarter.

Separately, XTX Topco Ltd purchased a new position in shares of Cheche Group in the fourth quarter worth $30,000. 19.76% of the stock is currently owned by institutional investors and hedge funds.

Cheche Group Stock Performance

Shares of CCG stock opened at $16.00 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $14.74 and a 200-day moving average price of $21.52. Cheche Group Inc. has a 52 week low of $10.20 and a 52 week high of $53.90. The firm has a market capitalization of $31.62 million, a PE ratio of -5.71 and a beta of 0.18.

Analyst Ratings Changes

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

Cheche Group Company Profile

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.