Connor Clark & Lunn Investment Management Ltd. Acquires New Stake in SES AI Co. (NYSE:SES)

Connor Clark & Lunn Investment Management Ltd. bought a new position in SES AI Co. (NYSE:SES) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 116,087 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. CIBC Asset Management Inc purchased a new stake in SES AI in the fourth quarter valued at approximately $25,000. Optas LLC purchased a new stake in shares of SES AI during the 4th quarter valued at $27,000. SBI Securities Co. Ltd. bought a new stake in shares of SES AI during the 4th quarter worth $30,000. LexAurum Advisors LLC purchased a new position in SES AI in the fourth quarter worth $55,000. Finally, Raymond James Financial Inc. bought a new position in SES AI in the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 29.78% of the company’s stock.

SES AI Stock Down 1.5 %

Shares of SES stock opened at $0.52 on Monday. The business has a 50-day moving average price of $0.86 and a two-hundred day moving average price of $0.78. SES AI Co. has a 12-month low of $0.20 and a 12-month high of $2.53. The firm has a market cap of $191.08 million, a P/E ratio of -2.28 and a beta of 0.40.

SES AI (NYSE:SES) last released its earnings results on Tuesday, February 25th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $2.04 million during the quarter. As a group, research analysts expect that SES AI Co. will post -0.23 EPS for the current fiscal year.

Insider Activity

In other news, CTO Kang Xu sold 27,969 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $32,723.73. Following the completion of the sale, the chief technology officer now owns 444,290 shares of the company’s stock, valued at approximately $519,819.30. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Qichao Hu sold 194,459 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $227,517.03. Following the transaction, the chief executive officer now owns 2,781,769 shares in the company, valued at approximately $3,254,669.73. The trade was a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 547,471 shares of company stock valued at $610,541. Corporate insiders own 15.07% of the company’s stock.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.