Yousif Capital Management LLC Cuts Stock Holdings in Stellantis (NYSE:STLA)

Yousif Capital Management LLC decreased its stake in shares of Stellantis (NYSE:STLA - Free Report) by 42.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,103 shares of the company's stock after selling 20,100 shares during the quarter. Yousif Capital Management LLC's holdings in Stellantis were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STLA. Blue Trust Inc. lifted its position in Stellantis by 114.0% during the third quarter. Blue Trust Inc. now owns 32,454 shares of the company's stock valued at $456,000 after purchasing an additional 17,287 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Stellantis by 3,662.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 184,666 shares of the company's stock valued at $2,557,000 after purchasing an additional 179,758 shares during the last quarter. Waldron Private Wealth LLC bought a new position in Stellantis during the third quarter valued at $33,000. Commerzbank Aktiengesellschaft FI bought a new position in Stellantis during the third quarter valued at $155,000. Finally, International Assets Investment Management LLC bought a new position in Stellantis during the third quarter valued at $178,000. Institutional investors own 59.48% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI initiated coverage on shares of Stellantis in a research report on Monday, November 11th. They set an "inline" rating for the company. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis has a consensus rating of "Hold" and a consensus target price of $27.34.

Stellantis Stock Performance

Shares of Stellantis stock traded down $0.17 during trading on Friday, hitting $13.95. The stock had a trading volume of 8,185,504 shares, compared to its average volume of 10,014,758. The firm's fifty day simple moving average is $13.13 and its 200-day simple moving average is $13.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 12 month low of $12.12 and a 12 month high of $29.51.

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.