Healthcare of Ontario Pension Plan Trust Fund raised its stake in Microvast Holdings, Inc. (NASDAQ:MVST – Get Rating) by 24.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 284,376 shares of the company's stock after buying an additional 55,051 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.09% of Microvast worth $631,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Advisor Group Holdings Inc. boosted its position 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 purchasing an additional 2,425 shares in the last quarter. Swiss National Bank boosted its position in shares of Microvast by 7.5% during the 1st quarter. Swiss National Bank now owns 319,800 shares of the company's stock valued at $2,143,000 after purchasing an additional 22,200 shares in the last quarter. Privium Fund Management B.V. bought a new stake in shares of Microvast during the 1st quarter valued at about $292,000. Keebeck Alpha LP bought a new stake in shares of Microvast during the 1st quarter valued at about $196,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Microvast by 71.2% during the 1st quarter. JPMorgan Chase & Co. now owns 441,347 shares of the company's stock valued at $2,958,000 after purchasing an additional 183,506 shares in the last quarter. Institutional investors own 23.41% of the company's stock.
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Separately, Oppenheimer started coverage on Microvast in a research report on Thursday, August 18th. They set an "outperform" rating and a $8.00 target price on the stock.
Microvast Trading Down 3.6 %
Shares of NASDAQ:MVST opened at $2.17 on Friday. The business's 50 day simple moving average is $2.13 and its two-hundred day simple moving average is $2.63. The company has a current ratio of 2.45, a quick ratio of 2.09 and a debt-to-equity ratio of 0.13. Microvast Holdings, Inc. has a 52-week low of $1.49 and a 52-week high of $9.54.Microvast Profile
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Microvast Holdings, Inc designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. 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.
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