Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Hyzon Motors Inc. (NASDAQ:HYZN)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in Hyzon Motors Inc. (NASDAQ:HYZN) by 21.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 973,287 shares of the company’s stock after selling 268,765 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.40% of Hyzon Motors worth $871,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Citigroup Inc. grew its position in Hyzon Motors by 64.8% in the 3rd quarter. Citigroup Inc. now owns 103,229 shares of the company’s stock valued at $129,000 after acquiring an additional 40,583 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Insider Transactions at Hyzon Motors

In other news, major shareholder Fuel Cell Technologies Horizon sold 4,000,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $0.40, for a total transaction of $1,600,000.00. Following the transaction, the insider now owns 92,647,986 shares of the company’s stock, valued at approximately $37,059,194.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HYZN. Roth Capital reaffirmed a “buy” rating on shares of Hyzon Motors in a research report on Wednesday, March 6th. Roth Mkm reaffirmed a “buy” rating and issued a $1.60 price objective on shares of Hyzon Motors in a research report on Monday, March 25th.

Hyzon Motors Trading Up 4.0 %

HYZN opened at $0.60 on Wednesday. Hyzon Motors Inc. has a 12-month low of $0.45 and a 12-month high of $2.17. The business’s fifty day simple moving average is $0.68 and its 200-day simple moving average is $0.81. The company has a market capitalization of $146.35 million, a price-to-earnings ratio of -0.80 and a beta of 3.06.

Hyzon Motors (NASDAQ:HYZN) last posted its quarterly earnings results on Friday, March 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. The firm had revenue of $0.30 million for the quarter, compared to the consensus estimate of $0.20 million. On average, equities research analysts predict that Hyzon Motors Inc. will post -0.6 EPS for the current year.

Hyzon Motors Profile

Hyzon Motors Inc supplies hydrogen fuel cell systems for decarbonization applications in various industries. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It also focuses primarily on assembling and converting hydrogen-powered FCEVs; and building and fostering a clean hydrogen supply ecosystem with partners and third parties from feedstock through hydrogen production, dispensing, and financing.