AM Squared Ltd Purchases New Stake in Stellantis (NYSE:STLA)

AM Squared Ltd purchased a new stake in Stellantis (NYSE:STLA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,600 shares of the company’s stock, valued at approximately $641,000. Stellantis accounts for 1.4% of AM Squared Ltd’s portfolio, making the stock its 6th largest position.

A number of other large investors have also added to or reduced their stakes in STLA. Rothschild Investment LLC bought a new position in Stellantis during the 2nd quarter worth $25,000. ORG Partners LLC bought a new position in Stellantis during the 2nd quarter worth $38,000. Waldron Private Wealth LLC bought a new position in Stellantis during the 3rd quarter worth $33,000. Central Pacific Bank Trust Division bought a new position in Stellantis during the 3rd quarter worth $35,000. Finally, Ridgewood Investments LLC bought a new position in Stellantis during the 2nd quarter worth $54,000. Institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STLA. Evercore ISI began coverage on Stellantis in a research report on Monday, November 11th. They issued an “inline” rating on the stock. Jefferies Financial Group restated a “hold” rating and issued a $16.44 price target (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Stellantis presently has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Price Performance

Shares of STLA stock opened at $13.34 on Friday. The business’s 50-day moving average price is $13.98 and its 200-day moving average price is $17.56. Stellantis has a 12 month low of $12.74 and a 12 month high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

About Stellantis

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.