Yousif Capital Management LLC Reduces Stock Position in Stellantis (NYSE:STLA)

Yousif Capital Management LLC trimmed its position in Stellantis (NYSE:STLA) by 42.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,103 shares of the company’s stock after selling 20,100 shares during the period. Yousif Capital Management LLC’s holdings in Stellantis were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its position in Stellantis by 114.0% during the third quarter. Blue Trust Inc. now owns 32,454 shares of the company’s stock worth $456,000 after buying an additional 17,287 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Stellantis by 3,662.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 184,666 shares of the company’s stock valued at $2,557,000 after acquiring an additional 179,758 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Stellantis during the 3rd quarter worth about $33,000. Commerzbank Aktiengesellschaft FI purchased a new stake in Stellantis in the third quarter valued at approximately $155,000. Finally, International Assets Investment Management LLC purchased a new stake in Stellantis in the third quarter valued at approximately $178,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Performance

Stellantis stock opened at $14.04 on Tuesday. The firm has a fifty day moving average of $13.11 and a 200-day moving average of $13.95. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Analyst Upgrades and Downgrades

Separately, Evercore ISI started coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Profile

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.