Jacobs Levy Equity Management Inc. Grows Holdings in Microvast Holdings, Inc. (NASDAQ:MVST)

Jacobs Levy Equity Management Inc. increased its holdings in Microvast Holdings, Inc. (NASDAQ:MVST) by 662.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,308,277 shares of the company’s stock after acquiring an additional 2,874,583 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.04% of Microvast worth $2,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Microvast by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 12,516,126 shares of the company’s stock worth $23,655,000 after purchasing an additional 1,017,706 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Microvast by 334.7% in the first quarter. GSA Capital Partners LLP now owns 1,097,071 shares of the company’s stock worth $918,000 after buying an additional 844,698 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Microvast by 16.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,358,374 shares of the company’s stock valued at $3,648,000 after acquiring an additional 629,456 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Microvast in the 1st quarter worth approximately $195,000. Finally, Quadrature Capital Ltd lifted its position in Microvast by 799.1% in the 4th quarter. Quadrature Capital Ltd now owns 249,091 shares of the company’s stock valued at $354,000 after acquiring an additional 221,388 shares in the last quarter. 20.72% of the stock is owned by hedge funds and other institutional investors.

Microvast Price Performance

NASDAQ MVST opened at $0.39 on Thursday. Microvast Holdings, Inc. has a 1-year low of $0.30 and a 1-year high of $2.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 0.66. The business’s fifty day moving average price is $0.41 and its 200-day moving average price is $0.59.

Microvast (NASDAQ:MVST) last posted its earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Microvast had a negative net margin of 29.79% and a negative return on equity of 18.01%. The firm had revenue of $81.35 million during the quarter, compared to the consensus estimate of $67.63 million. During the same period in the prior year, the company posted ($0.10) EPS. As a group, research analysts anticipate that Microvast Holdings, Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright decreased their price target on Microvast from $8.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd.

Microvast Profile

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.