Fox Run Management L.L.C. Invests $796,000 in Ferrari N.V. $RACE

Fox Run Management L.L.C. purchased a new position in shares of Ferrari N.V. (NYSE:RACEFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,153 shares of the company’s stock, valued at approximately $796,000.

Other institutional investors have also made changes to their positions in the company. Community Bank N.A. bought a new position in shares of Ferrari in the 3rd quarter valued at approximately $33,000. Fideuram Asset Management Ireland dac bought a new position in Ferrari in the 4th quarter worth approximately $29,000. Entrust Financial LLC bought a new position in Ferrari in the 4th quarter worth approximately $33,000. CoreCap Advisors LLC increased its position in Ferrari by 70.0% in the 4th quarter. CoreCap Advisors LLC now owns 102 shares of the company’s stock worth $38,000 after buying an additional 42 shares during the period. Finally, Horizon Investments LLC increased its position in Ferrari by 33.3% in the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company’s stock worth $50,000 after buying an additional 26 shares during the period.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RACE shares. JPMorgan Chase & Co. lifted their price objective on Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. UBS Group reduced their price objective on Ferrari from $555.00 to $483.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Jefferies Financial Group raised Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ferrari in a research report on Wednesday, February 11th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $469.06.

Read Our Latest Report on Ferrari

Ferrari Price Performance

NYSE:RACE opened at $347.68 on Thursday. The firm has a market capitalization of $81.34 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 3.40 and a beta of 0.93. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72. Ferrari N.V. has a 12-month low of $312.51 and a 12-month high of $519.10. The stock’s 50 day moving average price is $344.79 and its two-hundred day moving average price is $354.31.

Ferrari Company Profile

(Free Report)

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.

Featured Stories

Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

Receive News & Ratings for Ferrari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrari and related companies with MarketBeat.com's FREE daily email newsletter.