Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires Shares of 145,586 Polestar Automotive Holding UK PLC $PSNY

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 145,586 shares of the company’s stock, valued at approximately $3,111,000. Fjarde AP Fonden Fourth Swedish National Pension Fund owned 0.20% of Polestar Automotive Holding UK as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Rathbones Group PLC increased its stake in Polestar Automotive Holding UK by 79.1% in the 3rd quarter. Rathbones Group PLC now owns 45,285 shares of the company’s stock valued at $43,000 after buying an additional 20,000 shares during the period. Russell Investments Group Ltd. increased its position in Polestar Automotive Holding UK by 45.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 47,970 shares of the company’s stock worth $51,000 after purchasing an additional 14,877 shares during the period. Focus Partners Wealth acquired a new position in Polestar Automotive Holding UK during the 1st quarter worth approximately $62,000. Captrust Financial Advisors increased its position in Polestar Automotive Holding UK by 43.2% during the 2nd quarter. Captrust Financial Advisors now owns 58,700 shares of the company’s stock worth $63,000 after purchasing an additional 17,700 shares during the period. Finally, Cresset Asset Management LLC increased its position in Polestar Automotive Holding UK by 26.7% during the 2nd quarter. Cresset Asset Management LLC now owns 83,504 shares of the company’s stock worth $89,000 after purchasing an additional 17,590 shares during the period. 1.02% of the stock is owned by institutional investors and hedge funds.

Polestar Automotive Holding UK Stock Up 4.0%

NASDAQ:PSNY opened at $19.65 on Tuesday. Polestar Automotive Holding UK PLC has a fifty-two week low of $11.75 and a fifty-two week high of $42.60. The stock has a market cap of $1.83 billion, a PE ratio of -1.01 and a beta of 1.29. The firm’s fifty day simple moving average is $20.04 and its 200-day simple moving average is $113.43.

Insider Buying and Selling at Polestar Automotive Holding UK

In related news, Director Winfried Vahland purchased 6,700 shares of the stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $19.72 per share, with a total value of $132,124.00. Following the purchase, the director directly owned 31,979 shares in the company, valued at $630,625.88. This trade represents a 26.50% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 4,211 shares of company stock worth $74,450. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PSNY shares. Cantor Fitzgerald cut Polestar Automotive Holding UK from a “neutral” rating to an “underweight” rating in a research report on Thursday, February 19th. Weiss Ratings upgraded Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen upgraded Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Sell”.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.

The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.