SG Americas Securities LLC Increases Stock Position in Microvast Holdings, Inc. (NASDAQ:MVST)

SG Americas Securities LLC grew its stake in shares of Microvast Holdings, Inc. (NASDAQ:MVST) by 284.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,675 shares of the company’s stock after acquiring an additional 84,122 shares during the quarter. SG Americas Securities LLC’s holdings in Microvast were worth $159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MVST. Advisor Group Holdings Inc. boosted its holdings in shares of Microvast by 33.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,680 shares of the company’s stock valued at $65,000 after acquiring an additional 2,425 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Microvast by 71.2% in the 1st quarter. JPMorgan Chase & Co. now owns 441,347 shares of the company’s stock worth $2,958,000 after purchasing an additional 183,506 shares during the period. Citigroup Inc. lifted its stake in shares of Microvast by 1,107.1% in the 1st quarter. Citigroup Inc. now owns 30,092 shares of the company’s stock worth $202,000 after purchasing an additional 27,599 shares during the period. First Trust Advisors LP bought a new position in shares of Microvast in the 1st quarter worth approximately $14,591,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Microvast by 2.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,195,890 shares of the company’s stock worth $8,013,000 after purchasing an additional 31,150 shares during the period. Hedge funds and other institutional investors own 20.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MVST shares. Oppenheimer lowered their price objective on shares of Microvast from $8.00 to $4.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 2nd. Janney Montgomery Scott reiterated a “neutral” rating and issued a $3.00 price objective (down previously from $11.00) on shares of Microvast in a research note on Tuesday, April 2nd. Finally, HC Wainwright lowered their price objective on shares of Microvast from $8.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd.

Microvast Price Performance

NASDAQ MVST opened at $0.49 on Tuesday. Microvast Holdings, Inc. has a 12 month low of $0.45 and a 12 month high of $2.91. The stock has a market cap of $154.04 million, a price-to-earnings ratio of -1.43 and a beta of 1.47. The company’s 50 day moving average is $0.74 and its two-hundred day moving average is $1.08. The company has a current ratio of 1.05, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15.

About Microvast

Microvast Holdings, Inc provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.