Permian Investment Partners Lp buys $31,638,646 stake in Ferrari N.V. (RACE)

Ferrari N.V. (RACE) : Permian Investment Partners Lp scooped up 532,061 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 15, 2016. The investment management firm now holds a total of 653,556 shares of Ferrari N.V. which is valued at $31,638,646.Ferrari N.V. makes up approximately 4.35% of Permian Investment Partners Lp’s portfolio.

Other Hedge Funds, Including , Samlyn Capital boosted its stake in RACE in the latest quarter, The investment management firm added 268,844 additional shares and now holds a total of 1,591,744 shares of Ferrari N.V. which is valued at $77,056,327. Ferrari N.V. makes up approx 1.87% of Samlyn Capital’s portfolio. Seven Locks Capital Management Lp sold out all of its stake in RACE during the most recent quarter. The investment firm sold 137,099 shares of RACE which is valued $6,636,963.Bridgecreek Investment Management reduced its stake in RACE by selling 50 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 15,050 shares of RACE which is valued at $728,571. Ferrari N.V. makes up approx 0.22% of Bridgecreek Investment Management’s portfolio. Pacad Investment Ltd. added RACE to its portfolio by purchasing 1,700 company shares during the most recent quarter which is valued at $82,297. Ferrari N.V. makes up approx 0.01% of Pacad Investment Ltd.’s portfolio.Financial Architects Inc reduced its stake in RACE by selling 400 shares or 66.67% in the most recent quarter. The Hedge Fund company now holds 200 shares of RACE which is valued at $8,954.

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.

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