Prescott Group Capital Management L.L.C. Sells 188,510 Shares of Zhihu Inc. Sponsored ADR (NYSE:ZH)

Key Points

• Prescott Group Capital Management has reduced its holdings in Zhihu Inc. by 82.5% in the 1st quarter, selling 188,510 shares and retaining 40,000 shares.
• Other institutional investors, including Arrowstreet Capital and Nomura Holdings, significantly increased their stakes during the fourth quarter.
• Zhihu's stock opened at $4.67 and has experienced a one-year price range between $3.01 and $6.32.

Prescott Group Capital Management L.L.C. lessened its holdings in Zhihu Inc. Sponsored ADR (NYSE:ZH - Free Report) by 82.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the company's stock after selling 188,510 shares during the period. Prescott Group Capital Management L.L.C.'s holdings in Zhihu were worth $171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its stake in Zhihu by 64.7% in the 1st quarter. New York State Common Retirement Fund now owns 52,144 shares of the company's stock valued at $223,000 after buying an additional 20,478 shares during the last quarter. PFG Investments LLC purchased a new stake in Zhihu in the 1st quarter valued at about $327,000. Wolverine Trading LLC purchased a new stake in Zhihu in the 4th quarter valued at about $38,000. Nomura Holdings Inc. increased its stake in Zhihu by 95.7% in the 4th quarter. Nomura Holdings Inc. now owns 146,764 shares of the company's stock valued at $520,000 after buying an additional 71,764 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Zhihu in the 4th quarter valued at about $242,000. Hedge funds and other institutional investors own 28.92% of the company's stock.

Zhihu Trading Down 1.7%

Shares of ZH stock traded down $0.08 during trading hours on Tuesday, hitting $4.40. 102,104 shares of the company were exchanged, compared to its average volume of 528,057. The firm has a fifty day simple moving average of $4.16 and a 200 day simple moving average of $4.19. Zhihu Inc. Sponsored ADR has a 52-week low of $3.01 and a 52-week high of $6.32. The stock has a market capitalization of $383.76 million, a price-to-earnings ratio of -219.75 and a beta of 0.20.

Zhihu Profile

Zhihu Inc operates an online content community in the People's Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company offers technology, business support, and consulting services; information transmission, software, and information technology services.