Marshall Wace LLP Sells 98,012 Shares of FREYR Battery, Inc. (NYSE:FREY)

Marshall Wace LLP decreased its position in FREYR Battery, Inc. (NYSE:FREY) by 50.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 96,449 shares of the company’s stock after selling 98,012 shares during the quarter. Marshall Wace LLP’s holdings in FREYR Battery were worth $164,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Jennison Associates LLC grew its stake in shares of FREYR Battery by 0.7% in the 1st quarter. Jennison Associates LLC now owns 1,301,720 shares of the company’s stock valued at $2,187,000 after buying an additional 8,583 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in FREYR Battery in the 4th quarter worth approximately $281,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FREYR Battery in the 1st quarter worth approximately $2,012,000. Bayesian Capital Management LP acquired a new stake in FREYR Battery in the 1st quarter worth approximately $33,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in FREYR Battery in the 2nd quarter worth approximately $676,000. Institutional investors own 52.31% of the company’s stock.

FREYR Battery Stock Performance

FREY opened at $1.02 on Friday. The business has a 50 day moving average price of $1.13 and a 200 day moving average price of $1.60. FREYR Battery, Inc. has a twelve month low of $0.91 and a twelve month high of $4.44. The firm has a market cap of $143.30 million, a P/E ratio of -1.62 and a beta of 0.73.

FREYR Battery (NYSE:FREY) last posted its earnings results on Friday, August 9th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.01). During the same period in the previous year, the business posted ($0.18) earnings per share.

About FREYR Battery

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.