Cambria Investment Management L.P. Has $3.99 Million Position in Stellantis N.V. $STLA

Cambria Investment Management L.P. increased its position in shares of Stellantis N.V. (NYSE:STLA) by 78.3% in the third quarter, Holdings Channel reports. The institutional investor owned 427,640 shares of the company’s stock after buying an additional 187,750 shares during the period. Cambria Investment Management L.P.’s holdings in Stellantis were worth $3,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC grew its stake in Stellantis by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after buying an additional 33,429 shares during the last quarter. Focus Partners Wealth lifted its position in Stellantis by 37.2% during the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock worth $171,000 after acquiring an additional 4,135 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Stellantis by 58.5% during the second quarter. Envestnet Asset Management Inc. now owns 169,180 shares of the company’s stock worth $1,696,000 after acquiring an additional 62,444 shares during the period. Creative Planning boosted its holdings in shares of Stellantis by 65.8% during the second quarter. Creative Planning now owns 224,488 shares of the company’s stock worth $2,252,000 after acquiring an additional 89,105 shares during the period. Finally, Prudential PLC grew its position in shares of Stellantis by 22.1% in the second quarter. Prudential PLC now owns 61,235 shares of the company’s stock valued at $614,000 after purchasing an additional 11,096 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of NYSE:STLA opened at $6.51 on Friday. Stellantis N.V. has a 12-month low of $6.38 and a 12-month high of $12.51. The business has a fifty day simple moving average of $8.38 and a 200 day simple moving average of $9.74. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on STLA shares. DZ Bank upgraded Stellantis from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 4th. BNP Paribas Exane downgraded Stellantis from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. Freedom Capital lowered Stellantis from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. TD Cowen reiterated a “hold” rating on shares of Stellantis in a research report on Friday, December 12th. Finally, Zacks Research downgraded Stellantis from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.12.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.