Assetmark Inc. Decreases Holdings in Stellantis (NYSE:STLA)

Assetmark Inc. trimmed its holdings in shares of Stellantis (NYSE:STLA) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,168,302 shares of the company’s stock after selling 186,409 shares during the period. Assetmark Inc.’s holdings in Stellantis were worth $15,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in shares of Stellantis in the 3rd quarter valued at about $178,000. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Stellantis by 14.6% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 115,272 shares of the company’s stock valued at $1,620,000 after purchasing an additional 14,695 shares during the last quarter. Aigen Investment Management LP lifted its holdings in shares of Stellantis by 86.6% in the 3rd quarter. Aigen Investment Management LP now owns 43,088 shares of the company’s stock valued at $605,000 after purchasing an additional 19,993 shares during the last quarter. Sycomore Asset Management lifted its holdings in shares of Stellantis by 19.4% in the 3rd quarter. Sycomore Asset Management now owns 1,110,051 shares of the company’s stock valued at $16,905,000 after purchasing an additional 180,067 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of Stellantis by 1.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 176,075 shares of the company’s stock valued at $2,474,000 after purchasing an additional 3,145 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Down 1.0 %

STLA opened at $12.76 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $13.11 and a two-hundred day moving average price of $13.76. Stellantis has a 52 week low of $11.40 and a 52 week high of $29.51. The company has a market cap of $38.56 billion, a PE ratio of 3.74 and a beta of 1.64.

Wall Street Analysts Forecast Growth

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

Stellantis Company 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.