Capital International Investors boosted its stake in shares of Stellantis (NYSE:STLA – Free Report) by 329.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 22,503,781 shares of the company’s stock after purchasing an additional 17,261,955 shares during the quarter. Capital International Investors’ holdings in Stellantis were worth $639,609,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STLA. Norges Bank acquired a new position in Stellantis during the fourth quarter worth $832,785,000. M&G Plc purchased a new stake in Stellantis in the first quarter valued at $128,254,000. TOMS Capital Investment Management LP purchased a new stake in Stellantis in the fourth quarter valued at $106,339,000. ANTIPODES PARTNERS Ltd raised its position in Stellantis by 184,881.3% in the first quarter. ANTIPODES PARTNERS Ltd now owns 3,089,187 shares of the company’s stock valued at $87,424,000 after purchasing an additional 3,087,517 shares during the period. Finally, Thornburg Investment Management Inc. raised its position in Stellantis by 42.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,474,043 shares of the company’s stock valued at $127,175,000 after purchasing an additional 1,323,710 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.
Stellantis Trading Down 2.3 %
Shares of STLA stock traded down $0.42 on Friday, hitting $17.67. The stock had a trading volume of 12,014,053 shares, compared to its average volume of 6,012,990. The company’s 50 day moving average price is $20.76 and its 200-day moving average price is $23.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. Stellantis has a 1 year low of $17.42 and a 1 year high of $29.51.
Wall Street Analysts Forecast Growth
View Our Latest Report on STLA
Stellantis 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.
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