Callan Capital LLC Purchases New Holdings in Stellantis (NYSE:STLA)

Callan Capital LLC purchased a new stake in Stellantis (NYSE:STLA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 21,866 shares of the company’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cromwell Holdings LLC lifted its stake in Stellantis by 52.9% in the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after purchasing an additional 1,036 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of Stellantis by 9.5% during the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock valued at $192,000 after buying an additional 1,192 shares during the period. Spire Wealth Management raised its position in shares of Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after buying an additional 1,211 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after buying an additional 1,489 shares during the period. Finally, Caprock Group LLC raised its position in shares of Stellantis by 6.9% during the 4th quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock valued at $317,000 after buying an additional 1,558 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Trading Down 1.2 %

Stellantis stock opened at $13.95 on Friday. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $13.13 and a 200 day moving average price of $13.91.

Wall Street Analyst Weigh In

Separately, Evercore ISI began coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.34.

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.