154,695 Shares in Stellantis (NYSE:STLA) Acquired by Four Tree Island Advisory LLC

Four Tree Island Advisory LLC bought a new stake in Stellantis (NYSE:STLA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 154,695 shares of the company's stock, valued at approximately $2,019,000. Stellantis accounts for about 1.4% of Four Tree Island Advisory LLC's portfolio, making the stock its 14th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AustralianSuper Pty Ltd increased its stake in Stellantis by 26.3% in the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company's stock worth $125,597,000 after buying an additional 1,894,146 shares during the period. Conifer Management L.L.C. increased its position in Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company's stock valued at $126,450,000 after purchasing an additional 1,880,000 shares during the period. Franklin Resources Inc. increased its position in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock valued at $102,340,000 after purchasing an additional 3,252,492 shares during the period. Quadrature Capital Ltd increased its position in Stellantis by 30.4% during the 3rd quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company's stock valued at $47,752,000 after purchasing an additional 802,497 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Stellantis by 464.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company's stock valued at $45,618,000 after purchasing an additional 2,671,500 shares during the period. Hedge funds and other institutional investors own 59.48% of the company's stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI initiated coverage on shares of Stellantis in a research report on Monday, November 11th. They set an "inline" rating on the stock. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $27.34.

Stellantis Trading Up 1.9 %

Shares of NYSE:STLA traded up $0.25 during trading on Thursday, reaching $13.54. The stock had a trading volume of 24,494,008 shares, compared to its average volume of 10,238,276. Stellantis has a one year low of $12.12 and a one year high of $29.51. 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 firm's 50-day simple moving average is $13.10 and its 200 day simple moving average is $14.02.

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.