FNY Investment Advisers LLC acquired a new stake in Hyzon Motors Inc (NASDAQ:HYZN) in the third quarter, HoldingsChannel.com reports. The fund acquired 55,000 shares of the company’s stock, valued at approximately $381,000.
Other hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in Hyzon Motors in the 2nd quarter valued at about $3,113,000. Wedbush Securities Inc. acquired a new stake in Hyzon Motors in the 3rd quarter valued at about $73,000. Finally, Marshall Wace North America L.P. acquired a new stake in Hyzon Motors in the 2nd quarter valued at about $2,375,000. Institutional investors own 79.41% of the company’s stock.
Shares of NASDAQ HYZN opened at $8.13 on Thursday. The business’s 50 day moving average price is $6.88. Hyzon Motors Inc has a 1 year low of $5.09 and a 1 year high of $19.95.
In related news, CEO Craig Matthew Knight bought 166,000 shares of the company’s stock in a transaction that occurred on Monday, November 22nd. The stock was purchased at an average price of $8.22 per share, for a total transaction of $1,364,520.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
HYZN has been the subject of a number of recent research reports. Wedbush increased their price objective on shares of Hyzon Motors from $10.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, August 31st. JPMorgan Chase & Co. assumed coverage on shares of Hyzon Motors in a report on Thursday, September 9th. They set an “overweight” rating and a $18.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Hyzon Motors in a report on Tuesday, October 19th. They set a “neutral” rating and a $7.00 price target for the company.
Hyzon Motors Company Profile
Decarbonization Plus Acquisition Corporation has entered into a definitive merger agreement with Hyzon Motors Inc
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