ADS-TEC Energy PLC (NASDAQ:ADSE) Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP raised its holdings in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 1,521.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,067,883 shares of the company’s stock after buying an additional 10,385,428 shares during the period. ADS-TEC Energy comprises approximately 15.3% of Mirabella Financial Services LLP’s investment portfolio, making the stock its biggest position. Mirabella Financial Services LLP owned approximately 0.22% of ADS-TEC Energy worth $171,663,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of ADS-TEC Energy by 132.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock worth $32,000 after acquiring an additional 1,185 shares in the last quarter. Geode Capital Management LLC raised its stake in ADS-TEC Energy by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company’s stock valued at $552,000 after purchasing an additional 3,771 shares during the period. GAMMA Investing LLC purchased a new stake in shares of ADS-TEC Energy in the fourth quarter valued at $69,000. Renaissance Technologies LLC acquired a new stake in shares of ADS-TEC Energy in the fourth quarter worth $313,000. Finally, Raymond James Financial Inc. purchased a new position in shares of ADS-TEC Energy during the fourth quarter valued at $621,000. Institutional investors and hedge funds own 51.65% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Capital raised ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

ADS-TEC Energy Stock Performance

ADSE stock opened at $12.70 on Friday. The firm has a 50 day simple moving average of $13.88 and a 200 day simple moving average of $14.18. ADS-TEC Energy PLC has a 52 week low of $10.17 and a 52 week high of $16.35.

About ADS-TEC Energy

ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.