Anson Funds Management LP Invests $108,000 in SES AI Co. (NYSE:SES)

Anson Funds Management LP bought a new position in SES AI Co. (NYSE:SES) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 168,459 shares of the company’s stock, valued at approximately $108,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of SES AI by 0.7% in the first quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock worth $19,875,000 after buying an additional 82,245 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of SES AI by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock worth $744,000 after buying an additional 46,778 shares during the period. Bank of New York Mellon Corp boosted its position in shares of SES AI by 20.2% in the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after buying an additional 71,794 shares during the period. Squarepoint Ops LLC boosted its position in shares of SES AI by 1,039.9% in the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after buying an additional 225,299 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of SES AI by 62.8% in the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after buying an additional 46,800 shares during the period. Hedge funds and other institutional investors own 29.78% of the company’s stock.

SES AI Trading Up 12.7 %

Shares of NYSE SES opened at $0.45 on Friday. The company has a market cap of $161.97 million, a price-to-earnings ratio of -1.95 and a beta of 2.27. SES AI Co. has a 12-month low of $0.20 and a 12-month high of $2.44. The stock’s 50 day simple moving average is $0.47 and its 200 day simple moving average is $0.89.

SES AI (NYSE:SES) last posted its earnings results on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same quarter in the previous year, the business posted ($0.04) earnings per share. As a group, equities analysts forecast that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $1.50 price target on shares of SES AI in a report on Tuesday, September 10th. Wolfe Research began coverage on SES AI in a research note on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective for the company.

Insider Activity at SES AI

In other news, major shareholder Sk Inc. sold 243,951 shares of SES AI stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $0.60, for a total transaction of $146,370.60. Following the transaction, the insider now directly owns 40,784,454 shares in the company, valued at approximately $24,470,672.40. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of SES AI stock in a transaction on Friday, November 15th. The shares were sold at an average price of $0.20, for a total value of $2,666,400.00. Following the transaction, the insider now owns 9,843,622 shares in the company, valued at approximately $1,968,724.40. This trade represents a 57.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,551,072 shares of company stock worth $5,061,174 in the last three months. 15.07% of the stock is owned by company insiders.

About SES AI

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.