Tower Research Capital LLC TRC lifted its stake in Nuvei Co. (NASDAQ:NVEI – Get Rating) by 6,169.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,081 shares of the company’s stock after acquiring an additional 5,984 shares during the period. Tower Research Capital LLC TRC’s holdings in Nuvei were worth $165,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in NVEI. Capital International Investors raised its stake in shares of Nuvei by 102.5% in the 1st quarter. Capital International Investors now owns 7,269,586 shares of the company’s stock valued at $546,607,000 after acquiring an additional 3,679,400 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Nuvei by 70.0% in the 1st quarter. Wellington Management Group LLP now owns 4,672,026 shares of the company’s stock valued at $352,221,000 after acquiring an additional 1,923,114 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Nuvei by 61.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,398,115 shares of the company’s stock valued at $37,819,000 after acquiring an additional 533,047 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Nuvei in the 1st quarter valued at approximately $25,542,000. Finally, State of Michigan Retirement System acquired a new stake in Nuvei in the 2nd quarter valued at approximately $7,726,000. 29.56% of the stock is owned by institutional investors.
Nuvei Price Performance
NVEI stock opened at $36.41 on Thursday. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 91.03, a PEG ratio of 1.43 and a beta of 1.90. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.26. Nuvei Co. has a 12-month low of $23.71 and a 12-month high of $79.13. The company’s fifty day simple moving average is $32.09 and its 200 day simple moving average is $30.07.
Wall Street Analysts Forecast Growth
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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