Mirae Asset Global Investments Co. Ltd. decreased its holdings in Nuvei Co. (NASDAQ:NVEI – Get Rating) by 13.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,280 shares of the company’s stock after selling 20,407 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.10% of Nuvei worth $10,181,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. CIBC World Markets Inc. purchased a new position in shares of Nuvei in the fourth quarter worth about $5,582,000. Cibc World Market Inc. grew its stake in Nuvei by 1.9% during the first quarter. Cibc World Market Inc. now owns 87,514 shares of the company’s stock valued at $6,598,000 after acquiring an additional 1,618 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Nuvei during the fourth quarter valued at approximately $3,415,000. New York State Common Retirement Fund grew its stake in Nuvei by 19.5% during the first quarter. New York State Common Retirement Fund now owns 5,347 shares of the company’s stock valued at $403,000 after acquiring an additional 874 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in Nuvei during the fourth quarter valued at approximately $604,000. Hedge funds and other institutional investors own 29.02% of the company’s stock.
Nuvei Stock Down 0.4 %
Shares of NASDAQ NVEI opened at $31.64 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.26. Nuvei Co. has a 52 week low of $27.93 and a 52 week high of $140.23. The firm’s fifty day moving average is $33.21 and its 200 day moving average is $46.31. The company has a market cap of $4.47 billion and a price-to-earnings ratio of 62.04.
Wall Street Analyst Weigh In
Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. It provides a suite of payment solutions to support lifecycle of a transaction across mobile or in-app, online, unattended, and in-store channels.
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