Northern Trust Corp Increases Stock Position in SES AI Co. (NYSE:SES)

Northern Trust Corp lifted its position in shares of SES AI Co. (NYSE:SES) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,130,744 shares of the company’s stock after acquiring an additional 23,249 shares during the quarter. Northern Trust Corp owned 0.31% of SES AI worth $2,476,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of SES AI by 151.8% during the 4th quarter. JPMorgan Chase & Co. now owns 460,665 shares of the company’s stock worth $1,009,000 after acquiring an additional 277,688 shares in the last quarter. Savant Capital LLC purchased a new stake in SES AI in the 4th quarter valued at approximately $66,000. Mariner LLC lifted its stake in SES AI by 117.3% in the 4th quarter. Mariner LLC now owns 83,931 shares of the company’s stock valued at $184,000 after buying an additional 45,303 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in SES AI in the 4th quarter valued at approximately $254,000. Finally, Bank of Montreal Can purchased a new stake in SES AI in the 4th quarter valued at approximately $48,000. Hedge funds and other institutional investors own 29.78% of the company’s stock.

SES AI Stock Performance

SES stock opened at $0.95 on Friday. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.53. The stock’s 50 day moving average price is $0.73 and its 200 day moving average price is $0.79. The firm has a market cap of $348.69 million, a P/E ratio of -4.13 and a beta of 0.45.

SES AI (NYSE:SES) last issued its quarterly earnings results on Thursday, April 24th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $5.79 million during the quarter, compared to analyst estimates of $2.00 million. On average, research analysts predict that SES AI Co. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald initiated coverage on SES AI in a research note on Tuesday, May 20th. They issued an “overweight” rating and a $2.00 target price on the stock.

SES AI 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.