HITE Hedge Asset Management LLC Acquires 219,028 Shares of Stellantis N.V. $STLA

HITE Hedge Asset Management LLC boosted its holdings in Stellantis N.V. (NYSE:STLAFree Report) by 90.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 461,299 shares of the company’s stock after buying an additional 219,028 shares during the quarter. HITE Hedge Asset Management LLC’s holdings in Stellantis were worth $4,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC grew its stake in shares of Stellantis by 68.8% in the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock worth $919,000 after acquiring an additional 33,429 shares during the period. Focus Partners Wealth raised its holdings in shares of Stellantis by 37.2% during the first 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 during the last quarter. Envestnet Asset Management Inc. lifted its position in Stellantis by 58.5% during the second quarter. Envestnet Asset Management Inc. now owns 169,180 shares of the company’s stock valued at $1,696,000 after purchasing an additional 62,444 shares during the period. AE Wealth Management LLC lifted its position in Stellantis by 5.2% during the second quarter. AE Wealth Management LLC now owns 129,850 shares of the company’s stock valued at $1,302,000 after purchasing an additional 6,377 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in Stellantis in the second quarter worth approximately $467,000. Institutional investors own 59.48% of the company’s stock.

Key Stellantis News

Here are the key news stories impacting Stellantis this week:

Wall Street Analysts Forecast Growth

STLA has been the subject of a number of research reports. Morgan Stanley lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 target price for the company. in a research note on Tuesday, February 3rd. Loop Capital set a $8.00 price target on Stellantis in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a report on Wednesday, January 21st. TD Cowen reiterated a “hold” rating on shares of Stellantis in a research report on Friday, December 12th. Finally, UBS Group raised Stellantis from a “neutral” rating to a “buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.12.

Read Our Latest Research Report on Stellantis

Stellantis Stock Down 0.4%

Shares of STLA stock opened at $6.87 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Stellantis N.V. has a 12 month low of $6.63 and a 12 month high of $12.74. The company has a 50 day simple moving average of $8.84 and a two-hundred day simple moving average of $9.85.

About Stellantis

(Free Report)

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.

See Also

Want to see what other hedge funds are holding STLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stellantis N.V. (NYSE:STLAFree Report).

Institutional Ownership by Quarter for Stellantis (NYSE:STLA)

Receive News & Ratings for Stellantis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellantis and related companies with MarketBeat.com's FREE daily email newsletter.