Mariner LLC Decreases Stock Holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Mariner LLC lessened its stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) by 29.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 791,996 shares of the company's stock after selling 322,762 shares during the quarter. Mariner LLC's holdings in Polestar Automotive Holding UK were worth $832,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Polestar Automotive Holding UK by 444.0% in the third quarter. Geode Capital Management LLC now owns 854,999 shares of the company's stock worth $1,471,000 after acquiring an additional 697,820 shares in the last quarter. Tidal Investments LLC raised its position in shares of Polestar Automotive Holding UK by 78.3% during the third quarter. Tidal Investments LLC now owns 468,741 shares of the company's stock worth $806,000 after purchasing an additional 205,890 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth $504,000. Tobam acquired a new stake in Polestar Automotive Holding UK in the 4th quarter valued at $65,000. Finally, Handelsbanken Fonder AB bought a new stake in Polestar Automotive Holding UK during the 4th quarter valued at $115,000. 1.02% of the stock is currently owned by institutional investors and hedge funds.

Polestar Automotive Holding UK Stock Up 2.9 %

NASDAQ PSNY traded up $0.03 on Friday, reaching $1.06. The company had a trading volume of 1,979,120 shares, compared to its average volume of 7,644,304. The company's fifty day moving average is $1.06 and its 200 day moving average is $1.10. Polestar Automotive Holding UK PLC has a 52-week low of $0.61 and a 52-week high of $1.94. The stock has a market capitalization of $2.26 billion, a P/E ratio of -1.86 and a beta of 1.44.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Polestar Automotive Holding UK in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $1.53.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.