Edmond De Rothschild (italia) Sgr Spa buys $753,617 stake in Ferrari N.V. (RACE)

Ferrari N.V. (RACE) : Edmond De Rothschild (italia) Sgr Spa scooped up 10,532 additional shares in Ferrari N.V. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 17,265 shares of Ferrari N.V. which is valued at $753,617.Ferrari N.V. makes up approximately 1.10% of Edmond De Rothschild (italia) Sgr Spa’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management added RACE to its portfolio by purchasing 1,151 company shares during the most recent quarter which is valued at $50,241. Brown Advisory Securities sold out all of its stake in RACE during the most recent quarter. The investment firm sold 1,250 shares of RACE which is valued $54,563. Barometer Capital Management sold out all of its stake in RACE during the most recent quarter. The investment firm sold 5,190 shares of RACE which is valued $226,544.Baltimore-washington Financial Advisors reduced its stake in RACE by selling 894 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 37,858 shares of RACE which is valued at $1.6 Million. Ferrari N.V. makes up approx 0.50% of Baltimore-washington Financial Advisors’s portfolio.

On the company’s financial health, Ferrari N.V. reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.29. The company had revenue of $675.00 million for the quarter, compared to analysts expectations of $645.65 million. The company’s revenue was up 8.7% compared to the same quarter last year.

Many Wall Street Analysts have commented on Ferrari N.V.. Company shares were Reiterated by UBS on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $48 .

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