253,627 Shares in Stellantis (NYSE:STLA) Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in shares of Stellantis (NYSE:STLA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 253,627 shares of the company’s stock, valued at approximately $3,563,000.

A number of other institutional investors also recently modified their holdings of STLA. Janus Henderson Group PLC increased its holdings in shares of Stellantis by 67.5% in the first quarter. Janus Henderson Group PLC now owns 5,518,060 shares of the company’s stock worth $157,558,000 after purchasing an additional 2,223,151 shares during the period. Tidal Investments LLC boosted its stake in shares of Stellantis by 8.2% during the first quarter. Tidal Investments LLC now owns 51,497 shares of the company’s stock valued at $1,457,000 after purchasing an additional 3,911 shares during the period. SkyView Investment Advisors LLC grew its holdings in Stellantis by 9.6% in the 1st quarter. SkyView Investment Advisors LLC now owns 160,993 shares of the company’s stock worth $4,556,000 after acquiring an additional 14,139 shares during the last quarter. Advisory Resource Group raised its stake in shares of Stellantis by 14.3% during the first quarter. Advisory Resource Group now owns 35,673 shares of the company’s stock valued at $1,010,000 after acquiring an additional 4,470 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Stellantis during the 1st quarter valued at approximately $382,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Performance

Shares of Stellantis stock traded up $0.41 on Monday, reaching $13.46. The company’s stock had a trading volume of 2,538,220 shares, compared to its average volume of 6,938,210. The stock has a 50-day moving average price of $13.77 and a 200-day moving average price of $17.22. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a 52-week low of $12.68 and a 52-week high of $29.51.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Jefferies Financial Group restated a “hold” rating and set a $16.44 price objective (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Stellantis currently has a consensus rating of “Hold” and an average price target 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.