Traders Buy Large Volume of Call Options on Fiat Chrysler Automobiles (FCAU)

Fiat Chrysler Automobiles NV (NYSE:FCAU) was the target of some unusual options trading on Wednesday. Stock traders bought 34,352 call options on the company. This is an increase of approximately 9,631% compared to the typical volume of 353 call options.

A number of research firms have commented on FCAU. JPMorgan Chase & Co. raised Fiat Chrysler Automobiles from a “neutral” rating to an “overweight” rating in a research report on Friday. Zacks Investment Research lowered Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Bank of America set a $19.00 price target on Fiat Chrysler Automobiles and gave the company a “hold” rating in a research report on Wednesday, October 25th. Citigroup raised Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating and upped their price target for the company from $6.87 to $18.33 in a research report on Friday, November 10th. Finally, Morgan Stanley upped their price target on Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Fiat Chrysler Automobiles currently has a consensus rating of “Buy” and a consensus target price of $16.78.

Large investors have recently made changes to their positions in the company. Ingalls & Snyder LLC bought a new position in shares of Fiat Chrysler Automobiles in the 3rd quarter worth approximately $181,000. FineMark National Bank & Trust bought a new position in shares of Fiat Chrysler Automobiles in the 3rd quarter worth approximately $188,000. Lorber David A raised its position in shares of Fiat Chrysler Automobiles by 38.3% in the 3rd quarter. Lorber David A now owns 11,844 shares of the company’s stock worth $212,000 after acquiring an additional 3,279 shares in the last quarter. QCM Cayman Ltd. bought a new position in shares of Fiat Chrysler Automobiles in the 2nd quarter worth approximately $136,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Fiat Chrysler Automobiles by 3.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock worth $141,000 after acquiring an additional 430 shares in the last quarter. 31.22% of the stock is owned by hedge funds and other institutional investors.

Fiat Chrysler Automobiles (FCAU) opened at $21.77 on Friday. Fiat Chrysler Automobiles has a 52-week low of $9.05 and a 52-week high of $21.88. The stock has a market capitalization of $31,750.00, a P/E ratio of 9.26, a PEG ratio of 0.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.48.

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Fiat Chrysler Automobiles Company Profile

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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