XTX Topco Ltd Purchases Shares of 139,744 American Battery Technology Company (NASDAQ: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 purchased a new stake in shares of American Battery Technology Company (NASDAQ:ABAT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 139,744 shares of the company's stock, valued at approximately $144,000. XTX Topco Ltd owned 0.17% of American Battery Technology as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ABAT. Soviero Asset Management LP bought a new stake in shares of American Battery Technology during the 4th quarter valued at about $1,673,000. Chico Wealth RIA bought a new stake in shares of American Battery Technology during the 1st quarter valued at about $206,000. Geode Capital Management LLC grew its stake in shares of American Battery Technology by 25.0% during the 4th quarter. Geode Capital Management LLC now owns 806,152 shares of the company's stock valued at $1,984,000 after purchasing an additional 161,089 shares during the period. Tcfg Wealth Management LLC bought a new stake in shares of American Battery Technology during the 1st quarter valued at about $96,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of American Battery Technology during the 4th quarter valued at about $123,000. 9.88% of the stock is currently owned by institutional investors.

American Battery Technology Stock Up 5.4%

ABAT stock opened at $2.46 on Thursday. American Battery Technology Company has a twelve month low of $0.73 and a twelve month high of $4.11. The stock has a market cap of $225.59 million, a P/E ratio of -2.67 and a beta of -2.20. The business's 50-day moving average price is $1.92 and its 200-day moving average price is $1.45.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised American Battery Technology from a "sell" rating to a "hold" rating in a research report 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.

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