Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 479,581 shares of the company's stock, valued at approximately $504,000.
Other hedge funds have also added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its stake in shares of Polestar Automotive Holding UK by 134.4% in the 3rd quarter. MetLife Investment Management LLC now owns 15,390 shares of the company's stock worth $26,000 after buying an additional 8,823 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Polestar Automotive Holding UK by 125.4% in the 3rd quarter. Captrust Financial Advisors now owns 46,615 shares of the company's stock worth $80,000 after buying an additional 25,930 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Polestar Automotive Holding UK in the 2nd quarter worth approximately $266,000. Marshall Wace LLP purchased a new position in shares of Polestar Automotive Holding UK in the 2nd quarter worth approximately $407,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Polestar Automotive Holding UK by 953.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 246,553 shares of the company's stock worth $424,000 after buying an additional 223,150 shares during the last quarter. Institutional investors and hedge funds own 1.02% of the company's stock.
Polestar Automotive Holding UK Trading Up 2.8 %
Shares of NASDAQ:PSNY traded up $0.03 during mid-day trading on Monday, reaching $1.12. The company had a trading volume of 6,606,252 shares, compared to its average volume of 5,527,496. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -1.96 and a beta of 1.52. The company's 50-day moving average price is $1.07 and its 200-day moving average price is $1.16. Polestar Automotive Holding UK PLC has a one year low of $0.61 and a one year high of $2.17.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald restated a "neutral" rating on shares of Polestar Automotive Holding UK in a research note on Friday, January 17th. Bank of America initiated coverage on Polestar Automotive Holding UK in a research note on Thursday, December 5th. They issued a "neutral" rating and a $1.25 target price on the stock. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, Polestar Automotive Holding UK presently has an average rating of "Hold" and an average price target of $1.53.
View Our Latest Stock Analysis on PSNY
Polestar Automotive Holding UK Profile
(
Free Report)
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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