Cresset Asset Management LLC Lowers Stake in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Cresset Asset Management LLC lowered its stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 19.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 78,467 shares of the company’s stock after selling 19,221 shares during the period. Cresset Asset Management LLC’s holdings in Polestar Automotive Holding UK were worth $82,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Polestar Automotive Holding UK during the fourth quarter worth $33,000. Bank of New York Mellon Corp purchased a new stake in shares of Polestar Automotive Holding UK during the 4th quarter valued at $37,000. Alliancebernstein L.P. purchased a new stake in shares of Polestar Automotive Holding UK during the 4th quarter valued at $42,000. Tobam purchased a new stake in shares of Polestar Automotive Holding UK during the 4th quarter valued at $65,000. Finally, Performa Ltd US LLC lifted its holdings in shares of Polestar Automotive Holding UK by 23.6% during the 4th quarter. Performa Ltd US LLC now owns 82,520 shares of the company’s stock valued at $87,000 after purchasing an additional 15,752 shares during the last quarter. Hedge funds and other institutional investors own 1.02% of the company’s stock.

Polestar Automotive Holding UK Trading Up 8.3%

Shares of PSNY opened at $1.17 on Monday. Polestar Automotive Holding UK PLC has a 12 month low of $0.61 and a 12 month high of $1.94. The stock has a fifty day moving average price of $1.05 and a 200-day moving average price of $1.08. The firm has a market cap of $2.50 billion, a PE ratio of -2.05 and a beta of 1.43.

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.