Microvast Holdings, Inc. (NASDAQ:MVST) Holdings Raised by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in Microvast Holdings, Inc. (NASDAQ:MVST) by 569.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,139 shares of the company’s stock after purchasing an additional 92,828 shares during the quarter. AQR Capital Management LLC’s holdings in Microvast were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. increased its position in shares of Microvast by 662.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 3,308,277 shares of the company’s stock worth $2,769,000 after acquiring an additional 2,874,583 shares in the last quarter. GSA Capital Partners LLP raised its stake in Microvast by 334.7% during the 1st quarter. GSA Capital Partners LLP now owns 1,097,071 shares of the company’s stock valued at $918,000 after purchasing an additional 844,698 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Microvast by 16.9% in 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 purchasing an additional 629,456 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Microvast in the second quarter worth $264,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Microvast in the second quarter worth $141,000. Hedge funds and other institutional investors own 20.72% of the company’s stock.

Microvast Price Performance

NASDAQ:MVST opened at $0.21 on Friday. The business’s fifty day moving average price is $0.26 and its 200 day moving average price is $0.37. The firm has a market capitalization of $66.61 million, a price-to-earnings ratio of -0.66 and a beta of 1.70. The company has a current ratio of 1.12, a quick ratio of 0.71 and a debt-to-equity ratio of 0.19. Microvast Holdings, Inc. has a 1-year low of $0.18 and a 1-year high of $1.62.

Microvast (NASDAQ:MVST) last issued its earnings results on Friday, August 9th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). The business had revenue of $83.68 million during the quarter, compared to analyst estimates of $90.71 million. Microvast had a negative net margin of 44.02% and a negative return on equity of 28.29%. On average, sell-side analysts forecast that Microvast Holdings, Inc. will post -0.23 earnings per share for the current fiscal year.

Microvast Company 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.