FREYR Battery, Inc. (NYSE:FREY) Shares Bought by Barclays PLC

Barclays PLC boosted its holdings in FREYR Battery, Inc. (NYSE:FREY) by 274.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 147,124 shares of the company’s stock after acquiring an additional 107,881 shares during the period. Barclays PLC owned 0.10% of FREYR Battery worth $142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of FREYR Battery by 45.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,026,774 shares of the company’s stock worth $996,000 after purchasing an additional 320,217 shares during the period. State Street Corp grew its stake in shares of FREYR Battery by 24.4% in the third quarter. State Street Corp now owns 1,567,499 shares of the company’s stock valued at $1,521,000 after buying an additional 307,426 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of FREYR Battery in the 3rd quarter valued at $156,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of FREYR Battery in the 2nd quarter valued at $218,000. Finally, Rhumbline Advisers acquired a new position in FREYR Battery during the 2nd quarter worth about $203,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

FREYR Battery Stock Performance

Shares of FREYR Battery stock opened at $2.10 on Thursday. FREYR Battery, Inc. has a 1 year low of $0.91 and a 1 year high of $3.36. The company has a market capitalization of $294.33 million, a P/E ratio of -2.76 and a beta of 0.97. The company’s fifty day moving average is $2.27 and its two-hundred day moving average is $1.64.

FREYR Battery (NYSE:FREY) last released its earnings results on Wednesday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same period in the prior year, the business posted ($0.07) earnings per share.

Insider Buying and Selling at FREYR Battery

In related news, CFO Joseph Evan Calio acquired 125,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $1.74 per share, for a total transaction of $217,500.00. Following the acquisition, the chief financial officer now directly owns 255,600 shares in the company, valued at approximately $444,744. The trade was a 95.71 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tore Ivar Slettemoen sold 184,621 shares of FREYR Battery stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1.67, for a total value of $308,317.07. Following the completion of the transaction, the director now owns 6,616,105 shares in the company, valued at $11,048,895.35. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 804,292 shares of company stock valued at $1,439,009 over the last quarter. Corporate insiders own 20.40% of the company’s stock.

Analyst Ratings Changes

Separately, BTIG Research upgraded shares of FREYR Battery from a “neutral” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Friday, December 20th.

About FREYR Battery

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.