Cordatus Wealth Management LLC purchased a new position in shares of Stellantis (NASDAQ:STLA) in the third quarter, Holdings Channel reports. The fund purchased 39,665 shares of the company’s stock, valued at approximately $758,000.
A number of other institutional investors and hedge funds have also bought and sold shares of STLA. PNC Financial Services Group Inc. increased its holdings in shares of Stellantis by 6.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 26,808 shares of the company’s stock valued at $528,000 after purchasing an additional 1,570 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Stellantis by 3.8% during the 2nd quarter. HighTower Advisors LLC now owns 21,843 shares of the company’s stock valued at $429,000 after purchasing an additional 807 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Stellantis during the 2nd quarter valued at approximately $288,000. Cambridge Investment Research Advisors Inc. grew its stake in Stellantis by 4.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,414 shares of the company’s stock valued at $244,000 after acquiring an additional 515 shares during the period. Finally, Thornburg Investment Management Inc. grew its stake in Stellantis by 13.9% in the 2nd quarter. Thornburg Investment Management Inc. now owns 106,808 shares of the company’s stock valued at $2,105,000 after acquiring an additional 13,056 shares during the period. 52.44% of the stock is owned by institutional investors.
Shares of STLA stock traded up $0.13 on Friday, reaching $21.72. 103,817 shares of the company’s stock traded hands, compared to its average volume of 4,668,326. The business’s 50 day moving average price is $19.30 and its two-hundred day moving average price is $19.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.92 and a current ratio of 1.12. Stellantis has a 12-month low of $14.88 and a 12-month high of $21.99. The company has a market capitalization of $43.97 billion, a P/E ratio of 143.94, a price-to-earnings-growth ratio of 0.13 and a beta of 1.70.
Stellantis Company Profile
Stellantis NV is an automobile company, which engages in the manufacture of automobiles and provision of mobility solutions. It designs, engineers, manufactures, distributes, and sells vehicles under the brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Moper, Opel, Peugeot, Leasys, Free2move, Vauxhall, and Ram.
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