Wolverine Asset Management LLC raised its position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY – Free Report) by 67.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,475 shares of the company’s stock after buying an additional 3,010 shares during the quarter. Wolverine Asset Management LLC’s holdings in Polestar Automotive Holding UK were worth $28,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in PSNY. Alyeska Investment Group L.P. raised its position in shares of Polestar Automotive Holding UK by 744.0% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,451,571 shares of the company’s stock worth $27,874,000 after purchasing an additional 2,161,109 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth about $3,981,000. Toroso Investments LLC purchased a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth about $1,047,000. Two Sigma Investments LP purchased a new position in shares of Polestar Automotive Holding UK in the 3rd quarter worth about $640,000. Finally, Millennium Management LLC raised its position in shares of Polestar Automotive Holding UK by 544.0% in the 4th quarter. Millennium Management LLC now owns 101,335 shares of the company’s stock worth $538,000 after purchasing an additional 85,599 shares during the last quarter. Hedge funds and other institutional investors own 0.82% of the company’s stock.
Analyst Ratings Changes
PSNY has been the subject of several research analyst reports. Citigroup initiated coverage on Polestar Automotive Holding UK in a report on Friday, July 21st. They issued a “neutral” rating for the company. Cantor Fitzgerald reduced their price objective on Polestar Automotive Holding UK from $7.00 to $6.00 in a report on Friday, May 12th. Finally, R. F. Lafferty initiated coverage on Polestar Automotive Holding UK in a report on Tuesday, August 1st. They issued a “buy” rating and a $9.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.20.
Polestar Automotive Holding UK Stock Performance
Polestar Automotive Holding UK stock opened at $3.78 on Thursday. The business has a 50-day simple moving average of $4.11 and a two-hundred day simple moving average of $4.15. Polestar Automotive Holding UK PLC has a 52-week low of $3.14 and a 52-week high of $9.72.
Polestar Automotive Holding UK Company Profile
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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