Intech Investment Management LLC Invests $142,000 in FREYR Battery, Inc. (NYSE:FREY)

Intech Investment Management LLC purchased a new stake in FREYR Battery, Inc. (NYSE:FREY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 54,876 shares of the company’s stock, valued at approximately $142,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of FREYR Battery by 45.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,026,774 shares of the company’s stock valued at $996,000 after purchasing an additional 320,217 shares during the last quarter. State Street Corp increased its position in shares of FREYR Battery by 24.4% during the 3rd quarter. State Street Corp now owns 1,567,499 shares of the company’s stock valued at $1,521,000 after purchasing an additional 307,426 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in FREYR Battery during the 3rd quarter valued at $156,000. Barclays PLC lifted its position in FREYR Battery by 274.9% in the third quarter. Barclays PLC now owns 147,124 shares of the company’s stock worth $142,000 after buying an additional 107,881 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in FREYR Battery during the third quarter worth $103,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research raised shares of FREYR Battery from a “neutral” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Friday, December 20th.

FREYR Battery Price Performance

Shares of NYSE:FREY opened at $1.40 on Friday. The firm has a market capitalization of $196.69 million, a PE ratio of -1.84 and a beta of 0.94. The business has a 50 day simple moving average of $1.75 and a two-hundred day simple moving average of $1.72. FREYR Battery, Inc. has a 1 year low of $0.91 and a 1 year high of $3.36.

FREYR Battery Company Profile

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.