U.S. Capital Wealth Advisors LLC Has $123,000 Stake in FREYR Battery, Inc. (NYSE:FREY)

U.S. Capital Wealth Advisors LLC trimmed its holdings in shares of FREYR Battery, Inc. (NYSE:FREY) by 32.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,600 shares of the company’s stock after selling 22,500 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in FREYR Battery were worth $123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FREY. Renaissance Technologies LLC acquired a new stake in FREYR Battery during the 2nd quarter valued at $170,000. The Manufacturers Life Insurance Company acquired a new stake in FREYR Battery during the 2nd quarter valued at $75,000. SG Americas Securities LLC increased its holdings in FREYR Battery by 93.3% during the 3rd quarter. SG Americas Securities LLC now owns 43,228 shares of the company’s stock valued at $42,000 after purchasing an additional 20,860 shares in the last quarter. Jennison Associates LLC increased its holdings in FREYR Battery by 0.7% during the 3rd quarter. Jennison Associates LLC now owns 1,327,877 shares of the company’s stock valued at $1,288,000 after purchasing an additional 9,667 shares in the last quarter. Finally, DRW Securities LLC bought a new position in FREYR Battery in the 3rd quarter valued at $29,000. 52.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FREYR Battery

In other FREYR Battery news, Director Tore Ivar Slettemoen sold 391,071 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $1.88, for a total value of $735,213.48. Following the completion of the transaction, the director now directly owns 5,080,446 shares of the company’s stock, valued at approximately $9,551,238.48. The trade was a 7.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph Evan Calio bought 50,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $1.57 per share, with a total value of $78,500.00. Following the completion of the purchase, the chief financial officer now owns 680,462 shares of the company’s stock, valued at approximately $1,068,325.34. This trade represents a 7.93 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 804,292 shares of company stock valued at $1,439,009. Company insiders own 20.40% of the company’s stock.

FREYR Battery Stock Down 5.9 %

Shares of FREYR Battery stock opened at $1.85 on Friday. FREYR Battery, Inc. has a 12 month low of $0.91 and a 12 month high of $3.36. The business has a fifty day simple moving average of $2.19 and a 200 day simple moving average of $1.66. The stock has a market cap of $259.20 million, a PE ratio of -2.43 and a beta of 0.94.

FREYR Battery (NYSE:FREY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.02). During the same period last year, the business earned ($0.07) earnings per share.

Analysts Set New Price Targets

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

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.