Manatuck Hill Partners LLC Acquires New Holdings in Hydrogenics Corporation (HYGS)
Manatuck Hill Partners LLC acquired a new position in Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 300,000 shares of the energy company’s stock, valued at approximately $3,030,000. Hydrogenics Corporation accounts for approximately 1.5% of Manatuck Hill Partners LLC’s investment portfolio, making the stock its 21st biggest holding. Manatuck Hill Partners LLC owned about 1.97% of Hydrogenics Corporation at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. PEAK6 Investments L.P. bought a new position in shares of Hydrogenics Corporation during the first quarter valued at approximately $111,000. Stratos Wealth Partners LTD. lifted its holdings in shares of Hydrogenics Corporation by 9.7% during the second quarter. Stratos Wealth Partners LTD. now owns 11,350 shares of the energy company’s stock valued at $115,000 after purchasing an additional 1,000 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Hydrogenics Corporation by 639.5% in the 2nd quarter. Wells Fargo & Company MN now owns 15,462 shares of the energy company’s stock worth $157,000 after purchasing an additional 13,371 shares in the last quarter. KBC Group NV boosted its position in shares of Hydrogenics Corporation by 7.3% in the 1st quarter. KBC Group NV now owns 43,703 shares of the energy company’s stock worth $293,000 after purchasing an additional 2,969 shares in the last quarter. Finally, Virtu KCG Holdings LLC bought a new stake in shares of Hydrogenics Corporation in the 2nd quarter worth approximately $401,000. Institutional investors and hedge funds own 19.16% of the company’s stock.
Shares of Hydrogenics Corporation (NASDAQ:HYGS) traded up 3.07% on Monday, hitting $8.40. 19,890 shares of the stock traded hands. The stock’s 50 day moving average price is $7.97 and its 200 day moving average price is $7.92. Hydrogenics Corporation has a 52-week low of $3.90 and a 52-week high of $11.25. The stock’s market cap is $127.95 million.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last posted its earnings results on Wednesday, August 2nd. The energy company reported ($0.45) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.30). Hydrogenics Corporation had a negative net margin of 39.04% and a negative return on equity of 88.76%. The firm had revenue of $7.49 million for the quarter, compared to analysts’ expectations of $9.90 million. On average, equities analysts expect that Hydrogenics Corporation will post ($0.77) EPS for the current fiscal year.
Several analysts recently weighed in on the company. Roth Capital set a $11.00 price target on Hydrogenics Corporation and gave the stock a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, July 17th. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Hydrogenics Corporation in a report on Tuesday, August 8th. Cowen and Company set a $9.00 target price on Hydrogenics Corporation and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, ValuEngine raised Hydrogenics Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $10.00.
Hydrogenics Corporation Company Profile
Hydrogenics Corp is a Canada-based firm, which designs and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.
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