Lighthouse Investment Partners LLC Has $652,000 Position in Stellantis (NYSE:STLA)

Lighthouse Investment Partners LLC lessened its stake in Stellantis (NYSE:STLA - Free Report) by 43.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,000 shares of the company's stock after selling 37,997 shares during the period. Lighthouse Investment Partners LLC's holdings in Stellantis were worth $652,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Glenorchy Capital Ltd raised its position in Stellantis by 4.9% in the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after purchasing an additional 1,340 shares in the last quarter. Focus Partners Wealth acquired a new position in Stellantis in the fourth quarter worth about $145,000. Cetera Investment Advisers raised its position in Stellantis by 11.7% in the fourth quarter. Cetera Investment Advisers now owns 56,182 shares of the company's stock worth $734,000 after purchasing an additional 5,894 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Stellantis in the fourth quarter worth about $31,183,000. Finally, Banque Transatlantique SA acquired a new position in Stellantis in the fourth quarter worth about $119,000. Institutional investors own 59.48% of the company's stock.

Stellantis Price Performance

Shares of NYSE STLA traded up $0.07 during mid-day trading on Friday, hitting $10.77. 7,682,774 shares of the stock were exchanged, compared to its average volume of 11,147,041. The company has a market cap of $32.54 billion, a P/E ratio of 3.16 and a beta of 1.45. The stock's fifty day simple moving average is $10.37 and its two-hundred day simple moving average is $12.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a twelve month low of $8.39 and a twelve month high of $22.61.

Stellantis Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were issued a dividend of $0.5032 per share. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend was Wednesday, April 23rd. Stellantis's payout ratio is 20.82%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on STLA. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. TD Cowen initiated coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 price target for the company. Cowen initiated coverage on shares of Stellantis in a report on Thursday, March 6th. They set a "hold" rating for the company. Finally, DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Twelve analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis presently has a consensus rating of "Hold" and a consensus target price of $16.49.

About Stellantis

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.