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

FCG Investment Co cut its holdings in Stellantis (NYSE:STLA) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,784 shares of the company’s stock after selling 2,264 shares during the period. 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 recently bought and sold shares of the company. AustralianSuper Pty Ltd lifted its stake in shares of Stellantis by 26.3% in the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after buying an additional 1,894,146 shares during the last quarter. Conifer Management L.L.C. raised its holdings in Stellantis by 26.4% in the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after acquiring an additional 1,880,000 shares during the period. Franklin Resources Inc. lifted its position in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after acquiring an additional 3,252,492 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in Stellantis by 30.4% during the third quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock valued at $47,752,000 after acquiring an additional 802,497 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Stellantis by 464.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock valued at $45,618,000 after purchasing an additional 2,671,500 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Evercore ISI initiated coverage on Stellantis in a research report on Monday, November 11th. They issued an “inline” rating on the stock. Finally, Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Stock Up 0.8 %

STLA opened at $13.22 on Friday. The stock’s 50 day simple moving average is $13.02 and its 200-day simple moving average is $14.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51.

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.