Ferrari (NYSE:RACE) Shares Bought by Atria Investments LLC

Atria Investments LLC raised its holdings in Ferrari (NYSE:RACE) by 67.4% during the second quarter, Holdings Channel reports. The institutional investor owned 8,081 shares of the company’s stock after buying an additional 3,254 shares during the period. Atria Investments LLC’s holdings in Ferrari were worth $1,665,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Advisor OS LLC raised its stake in Ferrari by 25.6% in the second quarter. Advisor OS LLC now owns 3,439 shares of the company’s stock valued at $709,000 after buying an additional 702 shares in the last quarter. U S Global Investors Inc. raised its stake in Ferrari by 42.9% in the second quarter. U S Global Investors Inc. now owns 2,429 shares of the company’s stock valued at $500,000 after buying an additional 729 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Ferrari by 205.0% in the second quarter. Rockefeller Capital Management L.P. now owns 787 shares of the company’s stock valued at $161,000 after buying an additional 529 shares in the last quarter. Lumature Wealth Partners LLC raised its stake in Ferrari by 19.9% in the second quarter. Lumature Wealth Partners LLC now owns 343 shares of the company’s stock valued at $71,000 after buying an additional 57 shares in the last quarter. Finally, Credit Agricole S A raised its stake in Ferrari by 21.3% in the second quarter. Credit Agricole S A now owns 29,020 shares of the company’s stock valued at $5,981,000 after buying an additional 5,090 shares in the last quarter. Institutional investors own 31.77% of the company’s stock.

A number of analysts have recently commented on the company. Oddo Securities assumed coverage on Ferrari in a research report on Thursday, September 9th. They set an “outperform” rating on the stock. Kepler Capital Markets cut Ferrari to a “hold” rating and set a $185.00 target price on the stock. in a research report on Friday, July 2nd. TheStreet upgraded Ferrari from a “c+” rating to a “b” rating in a research report on Monday, August 16th. The Goldman Sachs Group cut Ferrari from a “buy” rating to a “sell” rating and set a $207.00 target price on the stock. in a research report on Sunday, June 13th. Finally, Redburn Partners reiterated a “neutral” rating on shares of Ferrari in a research report on Tuesday, May 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $234.20.

NYSE RACE opened at $216.39 on Friday. The company has a quick ratio of 2.94, a current ratio of 3.63 and a debt-to-equity ratio of 1.23. Ferrari has a 52-week low of $176.03 and a 52-week high of $233.66. The business’s 50-day moving average price is $215.88 and its 200 day moving average price is $209.35. The firm has a market cap of $39.98 billion, a P/E ratio of 39.78, a P/E/G ratio of 2.67 and a beta of 0.89.

Ferrari (NYSE:RACE) last announced its quarterly earnings data on Sunday, August 1st. The company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.08). Ferrari had a net margin of 21.11% and a return on equity of 43.39%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the firm posted $0.04 EPS. Ferrari’s revenue for the quarter was up 81.3% compared to the same quarter last year. As a group, analysts anticipate that Ferrari will post 4.73 earnings per share for the current year.

Ferrari Profile

Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm’s models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One.

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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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