XTX Topco Ltd Takes Position in American Battery Technology Company $ABAT

Key Points

• XTX Topco Ltd acquired 139,744 shares of American Battery Technology Company (NASDAQ: ABAT) valued at approximately $144,000, representing 0.17% of the company's stock as of the latest SEC filing.
• The stock price of American Battery Technology increased by 5.4%, with a current market cap of $225.59 million, despite a recent report indicating a loss of ($0.14) earnings per share, falling short of analysts' estimates.
• Institutional investors currently own 9.88% of ABAT shares, with several firms, including Soviero Asset Management and Geode Capital Management, increasing their stakes during the past quarters.

XTX Topco Ltd acquired a new stake in shares of American Battery Technology Company (NASDAQ:ABAT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 139,744 shares of the company's stock, valued at approximately $144,000. XTX Topco Ltd owned approximately 0.17% of American Battery Technology as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Soviero Asset Management LP purchased a new position in shares of American Battery Technology in the 4th quarter worth about $1,673,000. Chico Wealth RIA bought a new position in shares of American Battery Technology during the first quarter valued at $206,000. Raymond James Financial Inc. purchased a new stake in shares of American Battery Technology during the 4th quarter valued at about $56,000. Squarepoint Ops LLC bought a new stake in American Battery Technology in the 4th quarter worth approximately $32,000. Finally, Northern Trust Corp lifted its holdings in American Battery Technology by 49.3% in the fourth quarter. Northern Trust Corp now owns 131,742 shares of the company's stock valued at $324,000 after acquiring an additional 43,478 shares during the period. Hedge funds and other institutional investors own 9.88% of the company's stock.

American Battery Technology Stock Performance

Shares of American Battery Technology stock traded down $0.15 on Monday, hitting $2.63. 3,283,255 shares of the company's stock were exchanged, compared to its average volume of 3,071,392. American Battery Technology Company has a 1 year low of $0.73 and a 1 year high of $4.11. The company has a 50-day simple moving average of $1.97 and a 200-day simple moving average of $1.47. The stock has a market capitalization of $241.21 million, a PE ratio of -2.85 and a beta of -2.20.

American Battery Technology (NASDAQ:ABAT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.18). American Battery Technology had a negative return on equity of 74.43% and a negative net margin of 3,230.84%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of American Battery Technology from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

American Battery Technology Profile

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.