Callan Capital LLC Takes $285,000 Position in Stellantis (NYSE:STLA)

Callan Capital LLC purchased a new stake in shares of Stellantis (NYSE:STLA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 21,866 shares of the company's stock, valued at approximately $285,000.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Stellantis by 4.9% in the third quarter. FMR LLC now owns 3,137,594 shares of the company's stock worth $44,083,000 after purchasing an additional 145,583 shares during the last quarter. Mediolanum International Funds Ltd grew its stake in Stellantis by 17.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company's stock worth $9,426,000 after acquiring an additional 99,388 shares in the last quarter. Four Tree Island Advisory LLC bought a new position in Stellantis in the 4th quarter worth about $2,019,000. World Investment Advisors LLC purchased a new position in shares of Stellantis during the third quarter worth approximately $1,324,000. Finally, Te Ahumairangi Investment Management Ltd raised its stake in shares of Stellantis by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company's stock valued at $7,408,000 after acquiring an additional 118,635 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Stellantis Stock Up 1.1 %

STLA traded up $0.16 on Monday, hitting $14.10. The company had a trading volume of 8,864,081 shares, compared to its average volume of 9,972,867. The stock has a fifty day moving average price of $13.13 and a 200-day moving average price of $13.90. Stellantis has a 12-month low of $12.12 and a 12-month high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Analyst Upgrades and Downgrades

Separately, Evercore ISI assumed coverage on shares of Stellantis in a research note on Monday, November 11th. They issued an "inline" rating for the company. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $27.34.

Stellantis 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.