Empire Financial Management Company LLC Invests $1.03 Million in Stellantis (NYSE:STLA)

Empire Financial Management Company LLC purchased a new stake in shares of Stellantis (NYSE:STLA) during the third quarter, Holdings Channel.com reports. The firm purchased 73,214 shares of the company’s stock, valued at approximately $1,029,000.

Several other hedge funds have also made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in Stellantis during the 2nd quarter worth about $25,000. Waldron Private Wealth LLC acquired a new stake in shares of Stellantis during the third quarter worth approximately $33,000. Central Pacific Bank Trust Division acquired a new position in Stellantis in the 3rd quarter valued at approximately $35,000. ORG Partners LLC purchased a new stake in Stellantis in the 2nd quarter worth approximately $38,000. Finally, Cromwell Holdings LLC boosted its stake in shares of Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after buying an additional 1,036 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Stock Performance

Shares of Stellantis stock opened at $13.90 on Wednesday. Stellantis has a 12-month low of $12.12 and a 12-month high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $13.27 and a two-hundred day moving average price of $16.43.

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.