Mercer Global Advisors Inc. ADV Trims Stake in ADS-TEC Energy PLC (NASDAQ:ADSE)

Mercer Global Advisors Inc. ADV decreased its position in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 24.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,489 shares of the company’s stock after selling 3,408 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in ADS-TEC Energy were worth $163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of ADS-TEC Energy by 132.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock worth $32,000 after buying an additional 1,185 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of ADS-TEC Energy by 11.9% in the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company’s stock worth $552,000 after buying an additional 3,771 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of ADS-TEC Energy in the 4th quarter worth approximately $313,000. Raymond James Financial Inc. purchased a new stake in shares of ADS-TEC Energy in the 4th quarter worth approximately $621,000. Finally, Mirabella Financial Services LLP grew its stake in shares of ADS-TEC Energy by 1,521.8% in the 4th quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company’s stock worth $171,663,000 after buying an additional 10,385,428 shares during the last quarter. Hedge funds and other institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Stock Performance

ADS-TEC Energy stock opened at $12.29 on Friday. The stock’s 50 day moving average is $13.24 and its 200 day moving average is $14.10. ADS-TEC Energy PLC has a twelve month low of $10.17 and a twelve month high of $16.35.

Wall Street Analysts Forecast Growth

Separately, Roth Capital upgraded ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

ADS-TEC Energy Company Profile

ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.