Quantbot Technologies LP Invests $10.02 Million in Stellantis N.V. $STLA

Quantbot Technologies LP purchased a new stake in Stellantis N.V. (NYSE:STLA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 999,160 shares of the company’s stock, valued at approximately $10,022,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp acquired a new position in Stellantis in the 2nd quarter worth about $154,000. Mackenzie Financial Corp grew its holdings in shares of Stellantis by 5.8% during the second quarter. Mackenzie Financial Corp now owns 469,026 shares of the company’s stock worth $4,704,000 after purchasing an additional 25,677 shares during the last quarter. Norges Bank bought a new stake in shares of Stellantis during the second quarter worth about $384,724,000. Korea Investment CORP increased its stake in shares of Stellantis by 0.3% in the second quarter. Korea Investment CORP now owns 1,263,996 shares of the company’s stock valued at $12,625,000 after buying an additional 3,533 shares during the period. Finally, Elgethun Capital Management raised its holdings in Stellantis by 8.2% in the 2nd quarter. Elgethun Capital Management now owns 342,727 shares of the company’s stock valued at $3,438,000 after buying an additional 26,042 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Trading Down 0.0%

Shares of STLA opened at $10.66 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $10.28 and its two-hundred day simple moving average is $9.93. Stellantis N.V. has a 12 month low of $8.39 and a 12 month high of $14.28.

Stellantis (NYSE:STLA) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The firm had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $87.94 billion. Equities analysts expect that Stellantis N.V. will post 2.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on STLA shares. BNP Paribas raised shares of Stellantis to a “hold” rating in a report on Tuesday, September 9th. Citigroup reissued a “neutral” rating on shares of Stellantis in a research note on Tuesday, November 11th. BNP Paribas Exane assumed coverage on Stellantis in a report on Monday, September 8th. They issued a “neutral” rating and a $10.10 price objective for the company. Wall Street Zen lowered Stellantis from a “hold” rating to a “sell” rating in a research report on Tuesday, November 25th. Finally, The Goldman Sachs Group upgraded Stellantis to a “hold” rating in a research report on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.75.

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.