Ferrari N.V. (RACE) : Ancient Art scooped up 64,200 additional shares in Ferrari N.V. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 600,585 shares of Ferrari N.V. which is valued at $31,987,157.Ferrari N.V. makes up approximately 5.79% of Ancient Art’s portfolio.
Other Hedge Funds, Including , Ranger International Management Lp added RACE to its portfolio by purchasing 1,570 company shares during the most recent quarter which is valued at $83,618. Ferrari N.V. makes up approx 0.08% of Ranger International Management Lp’s portfolio.Alliancebernstein boosted its stake in RACE in the latest quarter, The investment management firm added 922 additional shares and now holds a total of 39,437 shares of Ferrari N.V. which is valued at $2,111,063.Morningstar Investment Services boosted its stake in RACE in the latest quarter, The investment management firm added 1,060 additional shares and now holds a total of 13,547 shares of Ferrari N.V. which is valued at $734,383. Ferrari N.V. makes up approx 0.02% of Morningstar Investment Services’s portfolio.Exane Derivatives reduced its stake in RACE by selling 61,887 shares or 82.22% in the most recent quarter. The Hedge Fund company now holds 13,380 shares of RACE which is valued at $710,612. Ferrari N.V. makes up approx 0.14% of Exane Derivatives’s portfolio. Integrated Wealth Management sold out all of its stake in RACE during the most recent quarter. The investment firm sold 120 shares of RACE which is valued $6,334.
On the company’s financial health, Ferrari N.V. reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $0.50. The company had revenue of $783.00 million for the quarter, compared to analysts expectations of $767.72 million. The company’s revenue was up 8.3% compared to the same quarter last year.
Many Wall Street Analysts have commented on Ferrari N.V.. Societe Generale Initiated Ferrari N.V. on Oct 13, 2016 to “Sell”, Price Target of the shares are set at $45.