Cambria Investment Management L.P. Acquires 187,750 Shares of Stellantis N.V. $STLA

Cambria Investment Management L.P. boosted its stake in shares of Stellantis N.V. (NYSE:STLA) by 78.3% in the third quarter, Holdings Channel reports. The institutional investor owned 427,640 shares of the company’s stock after purchasing an additional 187,750 shares during the period. Cambria Investment Management L.P.’s holdings in Stellantis were worth $3,994,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in STLA. AQR Capital Management LLC increased its holdings in shares of Stellantis by 68.8% during the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after acquiring an additional 33,429 shares in the last quarter. Focus Partners Wealth increased its stake in Stellantis by 37.2% during the 1st quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after purchasing an additional 4,135 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in Stellantis during the 2nd quarter valued at about $125,000. Envestnet Asset Management Inc. raised its holdings in Stellantis by 58.5% in the second quarter. Envestnet Asset Management Inc. now owns 169,180 shares of the company’s stock worth $1,696,000 after buying an additional 62,444 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Stellantis in the second quarter worth approximately $269,000. 59.48% of the stock is owned by institutional investors.

Stellantis Trading Down 0.2%

NYSE:STLA opened at $7.48 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 0.74. The stock has a 50-day simple moving average of $9.31 and a two-hundred day simple moving average of $9.97. Stellantis N.V. has a 52-week low of $7.03 and a 52-week high of $13.09.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STLA. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a report on Wednesday, January 21st. Sanford C. Bernstein restated a “market perform” rating and issued a $9.90 price target on shares of Stellantis in a research note on Wednesday, January 14th. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a report on Friday, December 12th. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Finally, Wall Street Zen cut shares of Stellantis from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.31.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.