DnB Asset Management AS lowered its stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE - Free Report) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,390 shares of the company's stock after selling 36,677 shares during the period. DnB Asset Management AS owned about 0.32% of ADS-TEC Energy worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of ADS-TEC Energy by 132.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock worth $32,000 after acquiring an additional 1,185 shares in the last quarter. GAMMA Investing LLC acquired a new position in ADS-TEC Energy during the fourth quarter worth $69,000. Geode Capital Management LLC boosted its position in ADS-TEC Energy by 15.0% during the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company's stock worth $425,000 after purchasing an additional 4,154 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in ADS-TEC Energy in the fourth quarter valued at $621,000. 51.65% of the stock is currently owned by institutional investors and hedge funds.
ADS-TEC Energy Stock Down 12.1 %
Shares of NASDAQ ADSE traded down $1.65 on Friday, hitting $12.01. The company's stock had a trading volume of 130,156 shares, compared to its average volume of 99,558. The stock has a 50 day moving average of $14.65 and a 200-day moving average of $14.22. ADS-TEC Energy PLC has a 12-month low of $9.99 and a 12-month high of $16.35.
Analyst Ratings Changes
Separately, Roth Capital raised ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th.
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About ADS-TEC Energy
(
Free Report)
ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.
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