Mariner LLC Reduces Position in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Mariner LLC lessened its holdings in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 791,996 shares of the company's stock after selling 322,762 shares during the period. Mariner LLC's holdings in Polestar Automotive Holding UK were worth $832,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Polestar Automotive Holding UK by 48.0% in the 4th quarter. Geode Capital Management LLC now owns 1,265,400 shares of the company's stock valued at $1,329,000 after buying an additional 410,401 shares during the period. Swiss National Bank purchased a new stake in shares of Polestar Automotive Holding UK in the 4th quarter valued at approximately $855,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Polestar Automotive Holding UK in the 4th quarter valued at approximately $504,000. Tidal Investments LLC grew its stake in shares of Polestar Automotive Holding UK by 78.3% in the 3rd quarter. Tidal Investments LLC now owns 468,741 shares of the company's stock valued at $806,000 after buying an additional 205,890 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Polestar Automotive Holding UK by 13,342.1% in the 4th quarter. Legal & General Group Plc now owns 442,648 shares of the company's stock valued at $465,000 after buying an additional 439,355 shares during the period. Hedge funds and other institutional investors own 1.02% of the company's stock.

Polestar Automotive Holding UK Stock Performance

Shares of PSNY stock opened at $1.07 on Tuesday. The firm's 50 day moving average price is $1.06 and its 200-day moving average price is $1.10. Polestar Automotive Holding UK PLC has a one year low of $0.61 and a one year high of $1.94. The firm has a market cap of $2.28 billion, a P/E ratio of -1.88 and a beta of 1.44.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reissued a "neutral" rating on shares of Polestar Automotive Holding UK in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, Polestar Automotive Holding UK presently has an average rating of "Hold" and an average price target of $1.53.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.

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