SG Americas Securities LLC Buys 18,425 Shares of FREYR Battery, Inc. (NYSE:FREY)

SG Americas Securities LLC boosted its stake in FREYR Battery, Inc. (NYSE:FREY) by 42.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 61,653 shares of the company’s stock after buying an additional 18,425 shares during the period. SG Americas Securities LLC’s holdings in FREYR Battery were worth $159,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. DRW Securities LLC acquired a new position in shares of FREYR Battery in the third quarter valued at approximately $29,000. BNP Paribas Financial Markets grew its holdings in FREYR Battery by 182.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 55,575 shares of the company’s stock valued at $54,000 after buying an additional 35,928 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in FREYR Battery in the 2nd quarter valued at $75,000. XTX Topco Ltd bought a new position in FREYR Battery during the 3rd quarter worth $95,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of FREYR Battery during the third quarter worth $103,000. 52.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, BTIG Research raised shares of 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.

Insiders Place Their Bets

In other FREYR Battery news, Director Tore Ivar Slettemoen sold 184,621 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1.67, for a total transaction of $308,317.07. Following the sale, the director now directly owns 6,616,105 shares in the company, valued at $11,048,895.35. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Joseph Evan Calio bought 125,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $1.74 per share, with a total value of $217,500.00. Following the completion of the transaction, the chief financial officer now directly owns 255,600 shares in the company, valued at approximately $444,744. This represents a 95.71 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 804,292 shares of company stock worth $1,439,009 in the last 90 days. Company insiders own 20.40% of the company’s stock.

FREYR Battery Trading Down 5.9 %

Shares of FREY opened at $1.85 on Monday. The stock has a market capitalization of $259.20 million, a PE ratio of -2.43 and a beta of 0.94. The firm’s 50 day moving average is $2.19 and its 200-day moving average is $1.65. FREYR Battery, Inc. has a 12 month low of $0.91 and a 12 month 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.