UBS Group AG Has $2.98 Million Stock Position in Polestar Automotive Holding UK PLC $PSNY

UBS Group AG cut its holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 94.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 139,642 shares of the company’s stock after selling 2,269,616 shares during the quarter. UBS Group AG’s holdings in Polestar Automotive Holding UK were worth $2,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSNY. Rathbones Group PLC raised its holdings in shares of Polestar Automotive Holding UK by 79.1% in the third quarter. Rathbones Group PLC now owns 45,285 shares of the company’s stock valued at $43,000 after purchasing an additional 20,000 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Polestar Automotive Holding UK by 45.0% in the second quarter. Russell Investments Group Ltd. now owns 47,970 shares of the company’s stock valued at $51,000 after purchasing an additional 14,877 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Polestar Automotive Holding UK in the first quarter valued at approximately $62,000. Captrust Financial Advisors raised its holdings in shares of Polestar Automotive Holding UK by 43.2% in the second quarter. Captrust Financial Advisors now owns 58,700 shares of the company’s stock valued at $63,000 after purchasing an additional 17,700 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in shares of Polestar Automotive Holding UK by 26.7% in the second quarter. Cresset Asset Management LLC now owns 83,504 shares of the company’s stock valued at $89,000 after purchasing an additional 17,590 shares during the last quarter. 1.02% of the stock is currently owned by institutional investors and hedge funds.

Polestar Automotive Holding UK Stock Performance

NASDAQ:PSNY opened at $22.25 on Tuesday. Polestar Automotive Holding UK PLC has a 1-year low of $11.75 and a 1-year high of $42.60. The firm has a fifty day simple moving average of $19.32 and a 200 day simple moving average of $155.19. The stock has a market capitalization of $2.08 billion, a PE ratio of -1.14 and a beta of 1.22.

Wall Street Analysts Forecast Growth

PSNY has been the topic of a number of recent research reports. Cantor Fitzgerald downgraded shares of Polestar Automotive Holding UK from a “neutral” rating to an “underweight” rating in a report on Thursday, February 19th. Weiss Ratings upgraded shares of Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Sell”.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.

The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.