Seven Six Capital Management LLC Has $4.08 Million Position in Stellantis N.V. $STLA

Key Points

• Seven Six Capital Management LLC reduced its stake in Stellantis N.V. by 8.8%, now holding 364,100 shares after selling 35,300 shares during the first quarter.
• Several institutional investors, including GAMMA Investing LLC and Harbour Investments Inc., have shown increased activity in Stellantis, with GAMMA increasing its stake by 422.3%.
• Analysts have mixed views on Stellantis, with the consensus rating at "Reduce" and an average price target of $12.74 following recent downgrades by Wolfe Research and Bank of America.

Seven Six Capital Management LLC reduced its position in Stellantis N.V. (NYSE:STLA - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 364,100 shares of the company's stock after selling 35,300 shares during the quarter. Stellantis makes up about 3.7% of Seven Six Capital Management LLC's investment portfolio, making the stock its 8th biggest holding. Seven Six Capital Management LLC's holdings in Stellantis were worth $4,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in Stellantis by 54.5% in the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after buying an additional 1,167 shares during the last quarter. Ballentine Partners LLC increased its holdings in Stellantis by 8.0% in the first quarter. Ballentine Partners LLC now owns 17,792 shares of the company's stock valued at $199,000 after buying an additional 1,317 shares during the last quarter. Glenorchy Capital Ltd increased its holdings in Stellantis by 4.9% in the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock valued at $375,000 after buying an additional 1,340 shares during the last quarter. Strengthening Families & Communities LLC increased its holdings in Stellantis by 4.0% in the first quarter. Strengthening Families & Communities LLC now owns 44,038 shares of the company's stock valued at $494,000 after buying an additional 1,700 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in Stellantis by 10.3% in the first quarter. National Bank of Canada FI now owns 19,132 shares of the company's stock valued at $214,000 after buying an additional 1,786 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STLA. Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $16.50 to $11.75 in a report on Monday, July 7th. Zacks Research lowered Stellantis from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. Jefferies Financial Group raised Stellantis from a "hold" rating to a "buy" rating and boosted their price objective for the company from $10.25 to $13.20 in a report on Wednesday, June 25th. BNP Paribas Exane started coverage on Stellantis in a report on Monday. They issued a "neutral" rating and a $10.10 price objective for the company. Finally, Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $12.21.

Stellantis Stock Performance

Shares of NYSE:STLA traded down $0.03 during trading on Tuesday, hitting $8.93. 9,194,513 shares of the company traded hands, compared to its average volume of 10,966,561. The stock has a market capitalization of $27.00 billion, a price-to-earnings ratio of 2.62, a PEG ratio of 0.53 and a beta of 1.46. The business's fifty day moving average is $9.58 and its 200-day moving average is $10.22. Stellantis N.V. has a one year low of $8.39 and a one year high of $16.29. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.

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.