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Principal Financial Group Inc. Sells 111,997 Shares of Shoals Technologies Group, Inc. $SHLS
Principal Financial Group Inc. significantly reduced its stake in Shoals Technologies Group, Inc. (NASDAQ:SHLS) by selling 111,997 shares, decreasing its holdings by 30.3% in the third quarter. Despite this, several other institutional investors either increased their positions or initiated new stakes in the company. Analysts maintain a “Moderate Buy” rating for SHLS with a consensus target price of $9.40, while company insider Dominic Bardos also sold a portion of his shares.