Fulton Breakefield Broenniman LLC purchased a new position in REE Automotive Ltd. (NASDAQ:REE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 51,738 shares of the company's stock, valued at approximately $457,000. Fulton Breakefield Broenniman LLC owned about 0.49% of REE Automotive as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. M&G PLC grew its holdings in shares of REE Automotive by 69.4% during the third quarter. M&G PLC now owns 2,960,017 shares of the company's stock worth $20,720,000 after purchasing an additional 1,213,003 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of REE Automotive in the 3rd quarter valued at about $138,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in REE Automotive during the fourth quarter worth approximately $160,000. Institutional investors and hedge funds own 12.74% of the company's stock.
REE Automotive Trading Down 3.1 %
Shares of NASDAQ:REE traded down $0.28 during trading on Friday, reaching $8.65. The stock had a trading volume of 33,499 shares, compared to its average volume of 38,084. The stock has a market cap of $90.91 million, a P/E ratio of -0.95 and a beta of 2.92. The company has a quick ratio of 3.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.17. REE Automotive Ltd. has a fifty-two week low of $2.91 and a fifty-two week high of $11.72. The business has a fifty day moving average price of $8.88 and a 200-day moving average price of $6.67.
REE Automotive (NASDAQ:REE - Get Free Report) last released its quarterly earnings data on Tuesday, December 17th. The company reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.97) by ($0.27). As a group, analysts anticipate that REE Automotive Ltd. will post -5.06 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a "buy" rating and set a $15.00 target price on shares of REE Automotive in a research note on Monday, December 23rd.
Check Out Our Latest Stock Report on REE
REE Automotive Profile
(
Free Report)
REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform.
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