Seven Six Capital Management LLC Has $1.59 Million Stake in Stellantis N.V. $STLA

Seven Six Capital Management LLC decreased its position in shares of Stellantis N.V. (NYSE:STLA) by 41.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,900 shares of the company’s stock after selling 103,800 shares during the period. Stellantis accounts for 1.6% of Seven Six Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding. Seven Six Capital Management LLC’s holdings in Stellantis were worth $1,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Stellantis by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 96,294,105 shares of the company’s stock worth $1,054,515,000 after acquiring an additional 1,150,400 shares during the last quarter. Norges Bank acquired a new position in Stellantis during the 4th quarter worth $553,692,000. Banco Santander S.A. lifted its position in Stellantis by 99.9% during the 4th quarter. Banco Santander S.A. now owns 19,046,160 shares of the company’s stock worth $207,413,000 after acquiring an additional 9,520,576 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Stellantis by 122.8% during the fourth quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock valued at $205,019,000 after buying an additional 10,337,920 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Stellantis by 353.2% during the fourth quarter. Marshall Wace LLP now owns 15,145,245 shares of the company’s stock valued at $167,481,000 after buying an additional 11,803,688 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Performance

NYSE:STLA opened at $6.65 on Wednesday. Stellantis N.V. has a 12-month low of $6.28 and a 12-month high of $12.22. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $25.01 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 0.45 and a beta of 1.41. The firm has a 50-day moving average price of $7.67 and a 200 day moving average price of $8.66.

Stellantis (NYSE:STLA) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $44.14 billion during the quarter. Research analysts anticipate that Stellantis N.V. will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial set a $9.00 price objective on shares of Stellantis in a research report on Friday, May 22nd. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research report on Tuesday, June 9th. Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a research report on Monday, April 20th. Finally, Bank of America lowered shares of Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.91.

Stellantis Profile

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.