Commonwealth Equity Services LLC purchased a new stake in Polestar Automotive Holding UK PLC (NASDAQ:PSNY – Get Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,463 shares of the company's stock, valued at approximately $92,000.
Other hedge funds also recently modified their holdings of the company. Alyeska Investment Group L.P. boosted its position in Polestar Automotive Holding UK by 744.0% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,451,571 shares of the company's stock worth $27,874,000 after acquiring an additional 2,161,109 shares during the period. SkyView Investment Advisors LLC bought a new position in shares of Polestar Automotive Holding UK in the 1st quarter valued at approximately $283,000. TIG Advisors LLC raised its holdings in Polestar Automotive Holding UK by 179.5% in the 1st quarter. TIG Advisors LLC now owns 45,206 shares of the company's stock worth $514,000 after acquiring an additional 29,032 shares during the period. Cohen & Co Financial Management LLC lifted its position in Polestar Automotive Holding UK by 74.4% during the 1st quarter. Cohen & Co Financial Management LLC now owns 261,594 shares of the company's stock worth $2,974,000 after acquiring an additional 111,594 shares during the last quarter. Finally, Fortis Advisors LLC bought a new stake in Polestar Automotive Holding UK during the first quarter valued at about $114,000. Hedge funds and other institutional investors own 23.24% of the company's stock.
Get Polestar Automotive Holding UK alerts:Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Polestar Automotive Holding UK in a research report on Monday, August 1st. They set a "hold" rating and a $10.00 price objective for the company. Redburn Partners initiated coverage on shares of Polestar Automotive Holding UK in a research note on Friday, September 9th. They set a "sell" rating for the company.
Polestar Automotive Holding UK Stock Performance
Shares of NASDAQ PSNY opened at $4.46 on Tuesday. Polestar Automotive Holding UK PLC has a one year low of $4.00 and a one year high of $16.41. The business has a fifty day simple moving average of $4.95 and a 200 day simple moving average of $7.05.Polestar Automotive Holding UK Company Profile
(Get Rating)
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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