Engineers Gate Manager LP Has $1.89 Million Stock Position in Stellantis N.V. $STLA

Key Points

• Engineers Gate Manager LP increased its Stellantis stake by 439.1% in the second quarter, purchasing 271,303 additional shares for a total position of 333,091 shares valued at approximately $1.89 million.
• Analyst sentiment is largely negative: Stellantis has a consensus rating of “Reduce” and a $7.87 target price, with recent downgrades from UBS, Morgan Stanley, and HSBC.
• Stellantis shares fell 2.8% to $5.12, near their 52-week low of $5.05. The automaker reported quarterly EPS of $0.14 on $49.63 billion in revenue, while analysts expect full-year EPS of $0.61.

Engineers Gate Manager LP increased its stake in Stellantis N.V. (NYSE:STLA - Free Report) by 439.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,091 shares of the company's stock after purchasing an additional 271,303 shares during the quarter. Engineers Gate Manager LP's holdings in Stellantis were worth $1,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. IFP Advisors Inc lifted its stake in Stellantis by 1,534.8% during the second quarter. IFP Advisors Inc now owns 4,463 shares of the company's stock valued at $26,000 after buying an additional 4,190 shares in the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in shares of Stellantis in the fourth quarter worth approximately $52,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of Stellantis during the first quarter valued at approximately $73,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Stellantis during the second quarter valued at approximately $65,000. Finally, Summit Financial Strategies Inc. purchased a new stake in shares of Stellantis in the 1st quarter valued at approximately $83,000. Institutional investors and hedge funds own 59.48% of the company's stock.

Analysts Set New Price Targets

STLA has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Stellantis in a research note on Thursday, July 9th. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, August 3rd. Morgan Stanley cut Stellantis from an "equal weight" rating to an "underweight" rating and set a $5.20 target price for the company. in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Stellantis in a report on Tuesday, July 14th. Finally, HSBC lowered Stellantis from a "hold" rating to a "reduce" rating in a research report on Friday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $7.87.

Stellantis Trading Down 2.8%

NYSE STLA opened at $5.12 on Wednesday. Stellantis N.V. has a 1-year low of $5.05 and a 1-year high of $12.22. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $19.25 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.30 and a beta of 1.44. The firm's fifty day simple moving average is $5.51 and its 200-day simple moving average is $6.61.

Stellantis (NYSE:STLA - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $49.63 billion for the quarter. As a group, sell-side analysts anticipate that Stellantis N.V. will post 0.61 earnings per share for the current fiscal year.

About Stellantis

Stellantis N.V. NYSE: STLA is a global automaker that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. The company serves customers across North America, Europe, South America, the Middle East, Africa and other international markets.

Stellantis' portfolio includes a broad range of vehicle brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall.

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