Two Sigma Investments LP Increases Stake in SES AI Co. (NYSE:SES)

Two Sigma Investments LP grew its holdings in SES AI Co. (NYSE:SES - Free Report) by 666.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 513,010 shares of the company's stock after acquiring an additional 446,073 shares during the quarter. Two Sigma Investments LP owned about 0.14% of SES AI worth $1,123,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SES. Cresset Asset Management LLC raised its stake in shares of SES AI by 94.1% during the 4th quarter. Cresset Asset Management LLC now owns 20,288 shares of the company's stock worth $44,000 after buying an additional 9,838 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of SES AI during the fourth quarter valued at $25,000. CIBC Asset Management Inc purchased a new stake in shares of SES AI during the fourth quarter worth about $25,000. ProShare Advisors LLC grew its stake in SES AI by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 36,677 shares of the company's stock worth $80,000 after acquiring an additional 12,068 shares during the period. Finally, Cibc World Markets Corp acquired a new position in SES AI in the fourth quarter valued at $27,000. 29.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald started coverage on shares of SES AI in a research note on Tuesday, May 20th. They set an "overweight" rating and a $2.00 price target on the stock. Wall Street Zen raised shares of SES AI from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st.

SES AI Price Performance

NYSE:SES opened at $0.93 on Friday. The business has a 50 day simple moving average of $0.79 and a 200 day simple moving average of $0.83. The firm has a market capitalization of $340.44 million, a P/E ratio of -4.03 and a beta of 0.41. SES AI Co. has a 12-month low of $0.20 and a 12-month high of $2.53.

SES AI (NYSE:SES - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The business had revenue of $5.79 million during the quarter, compared to the consensus estimate of $2.00 million. Research analysts anticipate that SES AI Co. will post -0.23 EPS for the current fiscal year.

About SES AI

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.

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