FCG Investment Co Sells 2,264 Shares of Stellantis (NYSE:STLA)

FCG Investment Co reduced its stake in Stellantis (NYSE:STLA) by 11.9% during the 4th quarter, HoldingsChannel reports. The firm owned 16,784 shares of the company’s stock after selling 2,264 shares during the quarter. FCG Investment Co’s holdings in Stellantis were worth $219,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. AustralianSuper Pty Ltd grew its position in Stellantis by 26.3% in the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after acquiring an additional 1,894,146 shares during the period. Conifer Management L.L.C. lifted its holdings in shares of Stellantis by 26.4% during the third quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock valued at $126,450,000 after acquiring an additional 1,880,000 shares during the period. Franklin Resources Inc. boosted its stake in shares of Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after purchasing an additional 3,252,492 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Stellantis by 30.4% in the 3rd quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock worth $47,752,000 after purchasing an additional 802,497 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Stellantis by 464.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after purchasing an additional 2,671,500 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on STLA. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Finally, Evercore ISI initiated coverage on Stellantis in a report on Monday, November 11th. They set an “inline” rating for the company. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Stellantis currently has an average rating of “Hold” and an average target price of $27.34.

Stellantis Stock Up 0.8 %

Shares of STLA opened at $13.22 on Friday. The business’s fifty day moving average price is $13.02 and its two-hundred day moving average price is $14.71. Stellantis has a 52 week low of $12.12 and a 52 week high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

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.