Mariner LLC reduced its holdings in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 791,996 shares of the company's stock after selling 322,762 shares during the period. Mariner LLC's holdings in Polestar Automotive Holding UK were worth $832,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of PSNY. Raymond James Financial Inc. acquired a new stake in Polestar Automotive Holding UK in the fourth quarter valued at about $33,000. Bank of New York Mellon Corp purchased a new stake in Polestar Automotive Holding UK in the 4th quarter worth approximately $37,000. Alliancebernstein L.P. purchased a new stake in Polestar Automotive Holding UK in the 4th quarter worth approximately $42,000. Tobam purchased a new stake in Polestar Automotive Holding UK in the 4th quarter worth approximately $65,000. Finally, Performa Ltd US LLC grew its stake in shares of Polestar Automotive Holding UK by 23.6% during the 4th quarter. Performa Ltd US LLC now owns 82,520 shares of the company's stock valued at $87,000 after buying an additional 15,752 shares during the period. Institutional investors and hedge funds own 1.02% of the company's stock.
Polestar Automotive Holding UK Stock Down 1.0 %
PSNY traded down $0.01 during trading on Thursday, reaching $1.03. 1,274,198 shares of the company's stock were exchanged, compared to its average volume of 7,610,003. Polestar Automotive Holding UK PLC has a fifty-two week low of $0.61 and a fifty-two week high of $1.94. The business has a 50 day moving average price of $1.06 and a 200 day moving average price of $1.10. The company has a market capitalization of $2.20 billion, a P/E ratio of -1.81 and a beta of 1.44.
Analyst Upgrades and Downgrades
Separately, Cantor Fitzgerald restated a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, Polestar Automotive Holding UK currently has a consensus rating of "Hold" and a consensus price target of $1.53.
View Our Latest Stock Report on Polestar Automotive Holding UK
About Polestar Automotive Holding UK
(
Free Report)
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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