Sanctuary Advisors LLC Has $744,000 Position in Stellantis (NYSE:STLA)

Sanctuary Advisors LLC lowered its stake in shares of Stellantis (NYSE:STLA) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,810 shares of the company’s stock after selling 1,061 shares during the quarter. Sanctuary Advisors LLC’s holdings in Stellantis were worth $744,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in Stellantis during the fourth quarter worth approximately $26,000. Darwin Wealth Management LLC bought a new stake in Stellantis during the third quarter worth $47,000. MassMutual Private Wealth & Trust FSB lifted its stake in Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares during the last quarter. Spire Wealth Management lifted its stake in Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in Stellantis by 160.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $85,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

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

Stellantis Stock Up 1.2 %

Shares of STLA opened at $12.72 on Friday. Stellantis has a 52 week low of $12.12 and a 52 week high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $13.16 and a 200-day moving average of $13.85.

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.