FACTORIAL MANAGEMENT Ltd Makes New Investment in Chagee Holdings Limited – Sponsored ADR $CHA

FACTORIAL MANAGEMENT Ltd bought a new position in shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 6,820 shares of the company’s stock, valued at approximately $178,000. Chagee comprises about 3.9% of FACTORIAL MANAGEMENT Ltd’s holdings, making the stock its 4th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHA. LBP AM SA acquired a new stake in Chagee during the second quarter worth $1,619,000. Matthews International Capital Management LLC acquired a new stake in Chagee during the second quarter worth $1,401,000. Franchise Capital Ltd acquired a new stake in shares of Chagee in the second quarter valued at $4,111,000. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Chagee in the second quarter valued at $11,034,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CHA. Macquarie began coverage on Chagee in a research note on Friday, September 5th. They issued a “neutral” rating and a $19.00 price objective for the company. Wall Street Zen cut Chagee from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chagee in a research note on Friday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.44.

Chagee Price Performance

CHA opened at $17.34 on Monday. Chagee Holdings Limited – Sponsored ADR has a 12 month low of $15.41 and a 12 month high of $41.80. The firm has a market cap of $3.18 billion and a PE ratio of 29.39. The business’s fifty day moving average is $18.06.

Chagee (NASDAQ:CHA) last released its earnings results on Friday, August 29th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $465.11 million during the quarter, compared to analysts’ expectations of $484.14 million.

Chagee Profile

Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees.