Stellantis (NYSE:STLA) Shares Acquired by Sycomore Asset Management

Sycomore Asset Management boosted its stake in Stellantis (NYSE:STLA) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,110,051 shares of the company’s stock after purchasing an additional 180,067 shares during the period. Stellantis comprises about 2.5% of Sycomore Asset Management’s holdings, making the stock its 8th largest holding. Sycomore Asset Management’s holdings in Stellantis were worth $16,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new stake in Stellantis during the second quarter worth about $25,000. ORG Partners LLC purchased a new stake in shares of Stellantis during the 2nd quarter worth approximately $38,000. Waldron Private Wealth LLC purchased a new position in Stellantis in the third quarter valued at approximately $33,000. Central Pacific Bank Trust Division bought a new stake in Stellantis in the 3rd quarter valued at about $35,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of Stellantis during the 2nd quarter valued at approximately $54,000. Institutional investors own 59.48% of the company’s stock.

Stellantis Trading Up 3.0 %

Stellantis stock traded up $0.40 during trading hours on Thursday, hitting $13.52. The company had a trading volume of 3,570,366 shares, compared to its average volume of 6,915,284. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The company has a 50-day moving average price of $14.07 and a two-hundred day moving average price of $17.70. Stellantis has a 1 year low of $12.74 and a 1 year high of $29.51. The firm has a market cap of $42.36 billion, a P/E ratio of 4.13, a P/E/G ratio of 0.40 and a beta of 1.62.

Wall Street Analyst Weigh In

STLA has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Evercore ISI initiated coverage on shares of Stellantis in a research note on Monday. They set an “inline” rating for the company. Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Stellantis currently has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.