Ashfield Capital Partners Lowers stake in Ferrari N.V. (RACE)

Ferrari N.V. (RACE) : Ashfield Capital Partners reduced its stake in Ferrari N.V. by 9.45% during the most recent quarter end. The investment management company now holds a total of 266,161 shares of Ferrari N.V. which is valued at $12,789,036 after selling 27,773 shares in Ferrari N.V. , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Ferrari N.V. makes up approximately 0.97% of Ashfield Capital Partners’s portfolio.

Other Hedge Funds, Including , Feltz Wealth Plan boosted its stake in RACE in the latest quarter, The investment management firm added 580 additional shares and now holds a total of 680 shares of Ferrari N.V. which is valued at $32,674. Blume Capital Management added RACE to its portfolio by purchasing 2 company shares during the most recent quarter which is valued at $94.Msi Financial Services Inc reduced its stake in RACE by selling 37 shares or 24.5% in the most recent quarter. The Hedge Fund company now holds 114 shares of RACE which is valued at $5,104. Cribstone Capital Management added RACE to its portfolio by purchasing 190 company shares during the most recent quarter which is valued at $8,007.

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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