Exane Derivatives buys $3,529,270 stake in Ferrari N.V. (RACE)

Ferrari N.V. (RACE) : Exane Derivatives scooped up 9,937 additional shares in Ferrari N.V. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 75,267 shares of Ferrari N.V. which is valued at $3,529,270.Ferrari N.V. makes up approximately 0.58% of Exane Derivatives’s portfolio.

Other Hedge Funds, Including , Integrated Wealth Management sold out all of its stake in RACE during the most recent quarter. The investment firm sold 120 shares of RACE which is valued $5,627. Cibc World Markets added RACE to its portfolio by purchasing 88,192 company shares during the most recent quarter which is valued at $3,785,201. Ferrari N.V. makes up approx 0.02% of Cibc World Markets’s portfolio.Cutler Group Lp reduced its stake in RACE by selling 2,544 shares or 59.15% in the most recent quarter. The Hedge Fund company now holds 1,757 shares of RACE which is valued at $73,935. Ferrari N.V. makes up approx 0.01% of Cutler Group Lp’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.

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.