Kim LLC reduced its holdings in shares of FREYR Battery, Inc. (NYSE:FREY - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,989,671 shares of the company's stock after selling 2,510,329 shares during the quarter. FREYR Battery accounts for about 2.9% of Kim LLC's investment portfolio, making the stock its 6th largest holding. Kim LLC owned about 6.40% of FREYR Battery worth $23,193,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in FREY. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of FREYR Battery by 45.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,026,774 shares of the company's stock worth $996,000 after acquiring an additional 320,217 shares in the last quarter. State Street Corp lifted its stake in FREYR Battery by 24.4% during the third quarter. State Street Corp now owns 1,567,499 shares of the company's stock worth $1,521,000 after purchasing an additional 307,426 shares during the last quarter. Erste Asset Management GmbH acquired a new position in FREYR Battery in the third quarter worth $156,000. Barclays PLC increased its stake in FREYR Battery by 274.9% during the third quarter. Barclays PLC now owns 147,124 shares of the company's stock valued at $142,000 after purchasing an additional 107,881 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in FREYR Battery during the third quarter valued at $103,000. Institutional investors and hedge funds own 52.31% of the company's stock.
FREYR Battery Stock Performance
Shares of FREYR Battery stock traded down $0.09 on Wednesday, reaching $1.46. 2,008,267 shares of the company were exchanged, compared to its average volume of 2,290,268. The firm has a market cap of $205.12 million, a price-to-earnings ratio of -1.92 and a beta of 0.94. FREYR Battery, Inc. has a 1-year low of $0.91 and a 1-year high of $3.36. The company's 50-day moving average is $1.77 and its two-hundred day moving average is $1.72.
Wall Street Analyst Weigh In
Separately, BTIG Research raised shares of FREYR Battery from a "neutral" rating to a "buy" rating and set a $4.00 price target for the company in a report on Friday, December 20th.
Read Our Latest Report on FREY
FREYR Battery Company Profile
(
Free Report)
FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.
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