Lansdowne Partners (uk) Llp buys $87.6 Million stake in Ferrari N.V. (RACE)

Ferrari N.V. (RACE) : Lansdowne Partners (uk) Llp scooped up 126,900 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 13, 2016. The investment management firm now holds a total of 2,006,660 shares of Ferrari N.V. which is valued at $87.6 Million.Ferrari N.V. makes up approximately 0.70% of Lansdowne Partners (uk) Llp’s portfolio.

Other Hedge Funds, Including , Bluemountain Capital Management sold out all of its stake in RACE during the most recent quarter. The investment firm sold 1,063,824 shares of RACE which is valued $46.4 Million.Sg Americas Securities reduced its stake in RACE by selling 274,854 shares or 80.46% in the most recent quarter. The Hedge Fund company now holds 66,748 shares of RACE which is valued at $2.9 Million. Ferrari N.V. makes up approx 0.02% of Sg Americas Securities’s portfolio. Wexford Capital Lp sold out all of its stake in RACE during the most recent quarter. The investment firm sold 7,338 shares of RACE which is valued $320,304. Balentine added RACE to its portfolio by purchasing 175 company shares during the most recent quarter which is valued at $7,639.Baillie Gifford Co reduced its stake in RACE by selling 29,975 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 12,304,913 shares of RACE which is valued at $531.9 Million. Ferrari N.V. makes up approx 0.95% of Baillie Gifford Co’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 .

Leave a Reply

Ferrari N.V. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ferrari N.V.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.