American Century Companies Inc. Invests $61,000 in FREYR Battery, Inc. (NYSE:FREY)

American Century Companies Inc. bought a new stake in shares of FREYR Battery, Inc. (NYSE:FREY) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 35,785 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FREY. Jennison Associates LLC lifted its holdings in FREYR Battery by 0.7% in the 1st quarter. Jennison Associates LLC now owns 1,301,720 shares of the company’s stock worth $2,187,000 after buying an additional 8,583 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of FREYR Battery in the second quarter worth about $26,000. Bayesian Capital Management LP purchased a new position in FREYR Battery in the first quarter valued at about $33,000. SG Americas Securities LLC acquired a new stake in FREYR Battery during the 2nd quarter valued at approximately $38,000. Finally, FFT Wealth Management LLC acquired a new stake in FREYR Battery during the 2nd quarter valued at approximately $65,000. 52.31% of the stock is owned by institutional investors and hedge funds.

FREYR Battery Stock Up 3.8 %

Shares of FREY opened at $1.00 on Friday. The firm has a market cap of $139.71 million, a price-to-earnings ratio of -1.61 and a beta of 0.73. The business’s 50 day moving average is $1.20 and its two-hundred day moving average is $1.62. FREYR Battery, Inc. has a 52-week low of $0.91 and a 52-week high of $4.68.

FREYR Battery (NYSE:FREY) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.01). During the same quarter in the previous year, the business earned ($0.18) EPS.

FREYR Battery Profile

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.