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

Other large investors also recently made changes to their positions in the company. Wolverine Trading LLC acquired a new position in Zhihu in the fourth quarter worth approximately $38,000. Russell Investments Group Ltd. acquired a new stake in Zhihu during the fourth quarter worth about $67,000. New York State Common Retirement Fund raised its stake in shares of 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 in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Zhihu in the 4th quarter worth approximately $242,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Zhihu by 55.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 81,433 shares of the company's stock valued at $288,000 after buying an additional 28,943 shares in the last quarter. Institutional investors and hedge funds own 28.92% of the company's stock.

Zhihu Price Performance

Shares of ZH stock traded down $0.04 during trading hours on Monday, hitting $4.48. 155,606 shares of the company's stock were exchanged, compared to its average volume of 531,049. The stock's 50-day moving average is $4.15 and its 200-day moving average is $4.18. 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 cap of $390.76 million, a price-to-earnings ratio of -223.75 and a beta of 0.20.

About Zhihu

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.