Cigna Investments Inc. New Sells 3,578 Shares of Stellantis (NYSE:STLA)

Cigna Investments Inc. New lessened its position in shares of Stellantis (NYSE:STLA) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,365 shares of the company’s stock after selling 3,578 shares during the period. Cigna Investments Inc. New’s holdings in Stellantis were worth $477,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Strengthening Families & Communities LLC boosted its holdings in shares of Stellantis by 38.3% during the fourth quarter. Strengthening Families & Communities LLC now owns 42,338 shares of the company’s stock worth $552,000 after acquiring an additional 11,734 shares during the period. swisspartners Advisors Ltd boosted its holdings in shares of Stellantis by 6.1% during the fourth quarter. swisspartners Advisors Ltd now owns 660,320 shares of the company’s stock worth $8,617,000 after acquiring an additional 38,220 shares during the period. Four Tree Island Advisory LLC bought a new stake in shares of Stellantis during the fourth quarter worth approximately $2,019,000. Empowered Funds LLC boosted its holdings in shares of Stellantis by 6.2% during the fourth quarter. Empowered Funds LLC now owns 46,925 shares of the company’s stock worth $612,000 after acquiring an additional 2,731 shares during the period. Finally, Exane Asset Management boosted its stake in shares of Stellantis by 4.8% in the fourth quarter. Exane Asset Management now owns 1,056,129 shares of the company’s stock valued at $13,827,000 after buying an additional 48,060 shares during the period. Institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

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

Stellantis Price Performance

Shares of STLA opened at $12.99 on Tuesday. Stellantis has a one year low of $12.12 and a one year high of $29.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The firm has a 50 day simple moving average of $13.07 and a two-hundred day simple moving average of $14.06.

About Stellantis

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.