Strengthening Families & Communities LLC Has $552,000 Stock Holdings in Stellantis (NYSE:STLA)

Strengthening Families & Communities LLC lifted its position in Stellantis (NYSE:STLA) by 38.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 42,338 shares of the company’s stock after purchasing an additional 11,734 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Stellantis were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in Stellantis during the fourth quarter worth about $26,000. Waldron Private Wealth LLC bought a new stake in Stellantis during the 3rd quarter worth approximately $33,000. Cromwell Holdings LLC increased its holdings in Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after purchasing an additional 1,036 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Stellantis in the 3rd quarter valued at $47,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Ratings Changes

Separately, Evercore ISI assumed coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.34.

Stellantis Stock Performance

Stellantis stock opened at $12.99 on Tuesday. The business’s 50-day simple moving average is $13.07 and its 200 day simple moving average is $14.06. 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 has a 12-month low of $12.12 and a 12-month 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.