Virtu Financial LLC Has $1.12 Million Stake in Hycroft Mining Holding Corporation $HYMC

Virtu Financial LLC lifted its position in Hycroft Mining Holding Corporation (NASDAQ:HYMC) by 194.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,208 shares of the company’s stock after acquiring an additional 31,185 shares during the period. Virtu Financial LLC owned approximately 0.06% of Hycroft Mining worth $1,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Hycroft Mining by 150.2% in the 4th quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock valued at $67,402,000 after purchasing an additional 1,702,288 shares during the period. Franklin Resources Inc. acquired a new position in Hycroft Mining in the 4th quarter worth $39,815,000. Schroder Investment Management Group acquired a new position in Hycroft Mining in the 4th quarter worth $36,366,000. Tidal Investments LLC increased its holdings in Hycroft Mining by 125.3% during the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after purchasing an additional 871,030 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Hycroft Mining by 711.9% in the 3rd quarter. UBS Group AG now owns 945,022 shares of the company’s stock valued at $5,859,000 after purchasing an additional 828,625 shares during the period. 7.38% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Rebecca Jennings sold 1,194 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.64, for a total value of $34,196.16. Following the completion of the sale, the senior vice president directly owned 202,498 shares in the company, valued at approximately $5,799,542.72. This trade represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stanton K. Rideout sold 16,500 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $30.18, for a total value of $497,970.00. Following the transaction, the chief financial officer directly owned 481,947 shares in the company, valued at approximately $14,545,160.46. This trade represents a 3.31% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 99,873 shares of company stock valued at $2,884,778. 0.77% of the stock is owned by corporate insiders.

Hycroft Mining Stock Performance

HYMC opened at $26.01 on Friday. The business’s 50-day simple moving average is $34.64 and its 200 day simple moving average is $33.49. Hycroft Mining Holding Corporation has a 52-week low of $2.93 and a 52-week high of $58.73. The firm has a market capitalization of $2.38 billion, a PE ratio of -21.86 and a beta of 2.62.

Hycroft Mining (NASDAQ:HYMC) last posted its quarterly earnings results on Monday, April 27th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.45).

Analysts Set New Price Targets

HYMC has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday. Wall Street Zen raised Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hycroft Mining currently has an average rating of “Sell”.

About Hycroft Mining

Hycroft Mining PLC is a precious metals company focused on the exploration, development and operation of the Hycroft Mine, a large oxide gold and silver deposit in northwestern Nevada. The company’s primary activities include open-pit mining, heap leach extraction and carbon adsorption/desorption processing designed to recover gold and silver from crushed ore. Hycroft’s technical team employs conventional mining methods and metallurgical processes to advance resource conversion and optimize recovery rates.

Located on approximately 28,800 hectares in Humboldt County, Nevada, the Hycroft Mine ranks among the largest undeveloped oxide gold-silver deposits in North America.