Simplex Trading buys $848,137 stake in Ferrari N.V. (RACE)

Ferrari N.V. (RACE) : Simplex Trading scooped up 3,311 additional shares in Ferrari N.V. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 15,856 shares of Ferrari N.V. which is valued at $848,137.Ferrari N.V. makes up approximately 0.11% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in RACE by selling 4,509 shares or 49.15% in the most recent quarter. The Hedge Fund company now holds 4,665 shares of RACE which is valued at $250,231.

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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